![₹19.5 Lakh Unexplained Cash Credit u/s 68 & 69 of Income Tax Act: ITAT Remands Case for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Cash-Credit-68-69-Income-Tax-Act-ITAT-Case-Reassessment.jpg "₹19.5 Lakh Unexplained Cash Credit u/s 68 & 69 of Income Tax Act: ITAT Remands Case for Reassessment [Read Order]")
₹19.5 Lakh Unexplained Cash Credit u/s 68 & 69 of Income Tax Act: ITAT Remands Case for Reassessment [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) remanded a recent case back to the Commissioner of Income Tax (Appeals)[CIT(A)] based...
![Kerala HC Quashes Time-Barred Income Tax Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Kerala-HC-Income-Tax-Penalty-income-tax-Income-tax-news-Kerala-HC-news-High-Court-of-Kerala-High-Court-Section-274-section-44AB-assessment-Taxscan.jpg "Kerala HC Quashes Time-Barred Income Tax Penalty u/s 271B [Read Order]")
![Paying Penalty for Willful Delay in Filing ITR does not Exempt Taxpayer from Prosecution: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Paying-Penalty-for-Willful-Delay-Penalty-Willful-Delay-in-Filing-ITR-Exempt-Taxpayer-Taxpayer-from-Prosecution-Karnataka-HC-taxscan.jpg "Paying Penalty for Willful Delay in Filing ITR does not Exempt Taxpayer from Prosecution: Karnataka HC [Read Order]")
![Recording of satisfaction u/s 271E insufficient for Income Tax Penalty proceedings u/s 271D: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Rajasthan-High-Court-Penalty-Income-Tax-taxscan.jpg "Recording of satisfaction u/s 271E insufficient for Income Tax Penalty proceedings u/s 271D: Rajasthan HC [Read Order]")
Income Tax Dept to Focus on Simplification, Bizmen Friendly Administration: CBDT Chairman about New Income Tax Law
The Central Board of Direct Taxes (CBDT) has renewed its efforts to simplify India's Income tax system, with focus on building trust and supporting economic growth. In a recent interview with the...
Credit Cannot be denied for Photocopies of Invoices if Tax Payment is Accepted and Unchallenged: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) ruled that CENVAT credit cannot be denied solely on the basis that invoices were photocopies, provided that...
![Credit Cannot be denied for Photocopies of Invoices if Tax Payment is Accepted and Unchallenged: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CESTAT-tax-payment-invoices-taxscan.jpg "Credit Cannot be denied for Photocopies of Invoices if Tax Payment is Accepted and Unchallenged: CESTAT [Read Order]")
Bogus Purchases Claim on Rs. 94.3 Crore: ITAT Upholds CIT(A) Relief Based on Supporting Evidence [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]’s decision, dismissing the Revenue’s appeal against the deletion of a ₹94.3 crore...
![Bogus Purchases Claim on Rs. 94.3 Crore: ITAT Upholds CIT(A) Relief Based on Supporting Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Bogus-Purchases-Bogus-Purchases-Claim-ITAT-ITAT-Upholds-CITA-CITA-Relief-Supporting-Evidence-CITA-Relief-Based-on-Supporting-Evidence-taxscan.jpg "Bogus Purchases Claim on Rs. 94.3 Crore: ITAT Upholds CIT(A) Relief Based on Supporting Evidence [Read Order]")
![ITAT Weekly Round-Up [Jan 25-Jan 31,2025]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-WEEKLY-ROUND-UP-WEEKLY-ROUND-UP-ITAT-taxscan.jpg "ITAT Weekly Round-Up [Jan 25-Jan 31,2025]")
![879-Day Delay in Appeal Filing: ITAT Dismisses Appeal for Lack of Sufficient Cause [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/879-Day-Delay-Appeal-Filing-ITAT-Dismisses-Appeal-Lack-of-Sufficient-Cause-TAXSCAN.jpg "879-Day Delay in Appeal Filing: ITAT Dismisses Appeal for Lack of Sufficient Cause [Read Order]")
Income Tax on House Property should be Paid by Person who Benefits from Income, not just Registered Owner: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that income tax on house property should be assessed by the person who actually receives or benefits from the income, rather than merely being named as...
![Income Tax on House Property should be Paid by Person who Benefits from Income, not just Registered Owner: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-House-Property-Income-Registered-Owner-Delhi-HC-taxscan.jpeg "Income Tax on House Property should be Paid by Person who Benefits from Income, not just Registered Owner: Delhi HC [Read Order]")
![Cash Deposits during Demonetisation: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Cash-Deposits-Demonetisation-ITAT-Income-Tax-Act-taxscan.jpg "Cash Deposits during Demonetisation: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]")