![S. 12A Application Pending Before CIT(E): ITAT Remands S. 80G Claim Rejection Matter for Concurrent Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CIT-ITAT-registration-under-Section-80G-Chandigarh-Bench-of-ITAT-Income-tax-Income-tax-news-ITAT-NEWS-reassessment-Section-12A-of-the-Income-Tax-Act-Taxscan.jpg "S. 12A Application Pending Before CIT(E): ITAT Remands S. 80G Claim Rejection Matter for Concurrent Consideration [Read Order]")
S. 12A Application Pending Before CIT(E): ITAT Remands S. 80G Claim Rejection Matter for Concurrent Consideration [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter concerning the rejection of Shiv Manav Nirman Sansthan’s...
![Deduction u/s 80IA(4) cannot be Denied for Delayed Filing of Form 10CCB Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Deduction-us-80IA4-Delayed-Filing-of-Form-10CCB-Audit-Report-ITAT-TAXSCAN.jpg "Deduction u/s 80IA(4) cannot be Denied for Delayed Filing of Form 10CCB Audit Report: ITAT [Read Order]")
![CIT(E)s Order Set Aside: ITAT Remands Matter to AO for Re-examination in Light of Landmark Judgments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Order-Set-Aside-Re-examination-Landmark-Judgments-Tax-Law-Appeal-Remand-section-12A-taxscan.jpg "CIT(E)s Order Set Aside: ITAT Remands Matter to AO for Re-examination in Light of Landmark Judgments [Read Order]")
![Unexplained Cash Deposits of ₹14.53 Lakh: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Cash-Deposits-ITAT-Addition-us-68-of-Income-Tax-Act-TAXSCAN.jpg "Unexplained Cash Deposits of ₹14.53 Lakh: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]")
![Arrest on Wrongful Availment of ITC Based on Manipulated Bills: Rajasthan HC Refuses to Grant Bail [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Wrongful-Availment-of-ITC-ITC-Based-on-Manipulated-Bills-Rajasthan-HC-Rajasthan-HC-Refuses-to-Grant-Bail-Rajasthan-High-Court-ITC-non-existing-firms-ITC-based-on-sham-bills-Taxscan.jpg "Arrest on Wrongful Availment of ITC Based on Manipulated Bills: Rajasthan HC Refuses to Grant Bail [Read Order]")
Taxability of Lease Premiums and Rent Collected for State Government: ITAT Rules Funds Not Taxable [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT) ruled that the funds received from lease premiums and rent collected on behalf of the Government of Maharashtra are not taxable in the hands of...
![Taxability of Lease Premiums and Rent Collected for State Government: ITAT Rules Funds Not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Taxability-of-Lease-Taxability-Taxability-of-Lease-Premiums-Rent-Collected-State-Government-ITAT-ITAT-Rules-ITAT-Rules-Funds-Not-Taxable-Taxable-taxscan.jpg "Taxability of Lease Premiums and Rent Collected for State Government: ITAT Rules Funds Not Taxable [Read Order]")
Foundation's S. 80G application rejected for Non-Compliance with CIT(E) Notices: ITAT remands matter for reasonable opportunity [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter concerning the rejection of the Foundation's application for approval under Section 80G (v) of the Income Tax...
![Foundations S. 80G application rejected for Non-Compliance with CIT(E) Notices: ITAT remands matter for reasonable opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Charitable-Institutions-Non-Compliance-taxscan.jpg "Foundations S. 80G application rejected for Non-Compliance with CIT(E) Notices: ITAT remands matter for reasonable opportunity [Read Order]")
ITAT Upholds ₹168.61 Crore TDS Credit Due to Form 26AS Discrepancy, Directs AO to Verify Income [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]’s decision allowing Tax Deducted at Source(TDS) credit of ₹168.61 crore, noting...
![ITAT Upholds ₹168.61 Crore TDS Credit Due to Form 26AS Discrepancy, Directs AO to Verify Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-ITAT-Upholds-Credit-Due-Verify-Income-Directs-AO-Delayed-TDS-Deposits-Income-Tax-Appellate-Tribunal-Income-Tax-taxscan.jpg "ITAT Upholds ₹168.61 Crore TDS Credit Due to Form 26AS Discrepancy, Directs AO to Verify Income [Read Order]")
![ITAT Quashes Penalty for Under-Reporting: Holds Assessees Actions Bona Fide [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Quashes-Penalty-for-Under-Reporting-Assessees-Actions-Bona-Fide-Assessees-Actions-Bona-Fide-taxpayers-CIT-Income-Tax-Act-DACSS-Granites-Pvt.-Ltd-ITAT-Bengaluru-Taxscan.jpg "ITAT Quashes Penalty for Under-Reporting: Holds Assessees Actions Bona Fide [Read Order]")
'Source of Source' Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies Prospectively from AY 2023-24: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) clarified that the obligation to explain the "source of source" under Section 68 of the Income Tax Act, 1961, is restricted to credits...
![Source of Source Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies Prospectively from AY 2023-24: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Source-of-Loan-Requirement-Restricted-Requirement-Restricted-to-Share-Capital-Share-Capital-Excludes-Unsecured-Loans-Applies-Prospectively-ITAT-taxscan.jpg "Source of Source Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies Prospectively from AY 2023-24: ITAT [Read Order]")
Income Tax Rules Amendment 2025: New Conditions for Venture Capital Funds, Finance Companies in IFSCs, Retail Schemes, and ETFs [Read Notification]
The Ministry of Finance, through the Central Board of Direct Taxes ( CBDT ), has issued Notification No. 10/2025 dated January 27, 2025, announcing important amendments to the Income Tax Rules, 1962....
![Income Tax Rules Amendment 2025: New Conditions for Venture Capital Funds, Finance Companies in IFSCs, Retail Schemes, and ETFs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Rules-Income-Tax-Income-Tax-Rules-Amendment-2025-Income-Tax-Rules-Amendment-taxscan.jpg "Income Tax Rules Amendment 2025: New Conditions for Venture Capital Funds, Finance Companies in IFSCs, Retail Schemes, and ETFs [Read Notification]")