Income Tax, GST Compliance Calendar 2025: Deadlines and Filing Dates from Jan to Dec
As we begin 2025, staying informed about important tax compliance deadlines throughout the year is important for businesses, taxpayers, and...
![Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Time-Gap-Between-Deposit-Undisclosed-Income-taxscan.jpeg "Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]")
![Stamp Duty Value Difference Leads to Addition of Rs.1.28 Crore: ITAT Upholds CIT(A)s Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Stamp-Duty-Section-562viibii-of-Income-Tax-Act-taxscan.jpg "Stamp Duty Value Difference Leads to Addition of Rs.1.28 Crore: ITAT Upholds CIT(A)s Decision [Read Order]")
Incorrect Rejection of S.80IC Deduction due to Village Name Discrepancy: ITAT Allows Appeal [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal filed by the assessee challenging the incorrect rejection of the Section 80IC of Income Tax Act,1961 deduction claim...
![Incorrect Rejection of S.80IC Deduction due to Village Name Discrepancy: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Incorrect-Rejection-Deduction-Due-to-Village-Name-Discrepancy-ITAT-taxscan.jpg "Incorrect Rejection of S.80IC Deduction due to Village Name Discrepancy: ITAT Allows Appeal [Read Order]")
Disallowance of Deduction on Interest from Co-Operative Banks: ITAT allows Deduction u/s 80P(2)(d) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) allowed the deduction under Section 80P(2)(d) Of Income Tax Act,1961 for interest received from Co-operative Banks.The State Transport...
![Disallowance of Deduction on Interest from Co-Operative Banks: ITAT allows Deduction u/s 80P(2)(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-ITAT-TAT-Allows-Deduction-Co-operative-Bank-Taxscan.jpg "Disallowance of Deduction on Interest from Co-Operative Banks: ITAT allows Deduction u/s 80P(2)(d) [Read Order]")
ITAT Dissects 'Gupt Daan' Mystery: Unraveling unexplained Cash in Religious Trust Lockers [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dissected a ‘Gupt Daan’,a secret gift regarding unexplained cash in a Religious Trust locker. A detailed examination was conducted regarding...
![ITAT Dissects Gupt Daan Mystery: Unraveling unexplained Cash in Religious Trust Lockers [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Delhi-ITAT-on-Gupt-Daan-mystery-taxscan.jpg "ITAT Dissects Gupt Daan Mystery: Unraveling unexplained Cash in Religious Trust Lockers [Read Order]")
Exchange Gain can be Adjusted from Total Income by Reducing it from Block of Assets u/s 43A and ICDS: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) held that exchange gain can be adjusted from total income by reducing it from the block of assets under section 43A of the Income Tax Act...
![Exchange Gain can be Adjusted from Total Income by Reducing it from Block of Assets u/s 43A and ICDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Income-Tax-Section-43A-of-Income-Tax-Act-taxscan.jpg "Exchange Gain can be Adjusted from Total Income by Reducing it from Block of Assets u/s 43A and ICDS: ITAT [Read Order]")
CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) held that CIT ( A ) could not be reopened under Section 150 of the Income Tax Act due to the expiry of the time limit of 6 years stated...
![CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-Time-Limit-CITA-cannot-Direct-Reopening-taxscan.jpg "CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]")
ITAT quashes Tax Reassessment Orders: Due to Lack of Specific Evidence in Search Operation Documents [Read Order]
In a landmark ruling, the Income Tax Appellate Tribunal ( ITAT ) New Delhi Bench quashed the assessment orders for Social Realtors Private Limited,the assesee for Assessment Years 2011-12 to 2016-17,...
![ITAT quashes Tax Reassessment Orders: Due to Lack of Specific Evidence in Search Operation Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-New-Delhi-Income-Tax-Appellate-Tribunal-Tax-Reassessment-Orders-case-TAXSCAN.jpg "ITAT quashes Tax Reassessment Orders: Due to Lack of Specific Evidence in Search Operation Documents [Read Order]")
ITAT confirms Rs. 35.83 Lakh LTCG Addition, rejects Sauda Chitthi Claim for Enhanced Acquisition Cost due to Absence in Previous Financial Records [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of Rs. 35.83 lakh Long-Term Capital Gain to total income, rejecting Sauda Chitthi's claim for enhanced acquisition...
![ITAT confirms Rs. 35.83 Lakh LTCG Addition, rejects Sauda Chitthi Claim for Enhanced Acquisition Cost due to Absence in Previous Financial Records [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Long-Term-Capital-Gain-LTCG-addition-ITAT-taxscan.jpg "ITAT confirms Rs. 35.83 Lakh LTCG Addition, rejects Sauda Chitthi Claim for Enhanced Acquisition Cost due to Absence in Previous Financial Records [Read Order]")