Received an Income Tax Notice for Mismatch or High-Value Transactions? Here’s What to Do
In recent days, many taxpayers have received emails and messages from the Income Tax Department pointing out differences between their Income Tax...
![11.54% TDS on NRI Share Transfers u/s 112(1)(c)(iii): ITAT Rejects Revenue’s ₹2.37 Crore Default Claim Against Godrej Agrovet [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/250x150_2113749-tds-nri-share-transfers-itat-rejects-revenue-default-claim-godrej-agrovet-taxscan.webp "11.54% TDS on NRI Share Transfers u/s 112(1)(c)(iii): ITAT Rejects Revenue’s ₹2.37 Crore Default Claim Against Godrej Agrovet [Read Order]")
![Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/250x150_2113411-provision-warranty-contingent-based-scientific-method-itat-directs-ao-allow-correct-deduction-taxscan.webp "Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]")
![ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/250x150_2113633-itat-penalty-confirmation-mandatory-criminal-prosecution-high-value-income-tax-evasion-cases-delhi-hc-taxsxcan.jfif "ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]")
![PCIT can Sanction Income Tax Prosecution where Alleged Tax Evasion Exceeds ₹25 Lakh: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/250x150_2113624-pcit-sanction-income-tax-prosecution-alleged-tax-evasion-exceeds-delhi-hc.webp "PCIT can Sanction Income Tax Prosecution where Alleged Tax Evasion Exceeds ₹25 Lakh: Delhi HC [Read Order]")
Depreciation on Leased Ethanol Buses cannot be Denied when Lease Income already Disclosed in P&L: ITAT Remands for Verification [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that depreciation on Ethanol Green buses cannot be denied to an assessee who has already disclosed the corresponding lease ...
![Depreciation on Leased Ethanol Buses cannot be Denied when Lease Income already Disclosed in P&L: ITAT Remands for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113432-depreciation-leased-ethanol-buses-denied-lease-income-disclosed-p-and-l-itat-remands-verification-taxscan.webp "Depreciation on Leased Ethanol Buses cannot be Denied when Lease Income already Disclosed in P&L: ITAT Remands for Verification [Read Order]")
[BREAKING] Income of the Association of Persons (Syndicates) cannot be clubbed with Members': Supreme Court
The Supreme Court of India has upheld the decision of the Madhya Pradesh High Court, ITAT and CIT(A) observing that income earned by an Association of Persons (AOP) or syndicate cannot be directly...
![[BREAKING] Income of the Association of Persons (Syndicates) cannot be clubbed with Members: Supreme Court](https://images.taxscan.in/h-upload/2025/12/21/500x300_2113585-income-association-persons-syndicates-clubbed-members-supreme-court-taxscan.webp "[BREAKING] Income of the Association of Persons (Syndicates) cannot be clubbed with Members: Supreme Court")
P&H HC upholds Transfer of Assessment From Chandigarh to Goa u/s 127 of Income Tax Act, Citing Efficient Tax Collection and Public Interest [Read Order]
The Punjab and Haryana High Court has upheld the order of the Principal Commissioner ofIncome Tax (PCIT), Chandigarh‑I, transferring the assessment jurisdiction of the petitioner from Chandigarh to...
![P&H HC upholds Transfer of Assessment From Chandigarh to Goa u/s 127 of Income Tax Act, Citing Efficient Tax Collection and Public Interest [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/500x300_2113577-ph-hc-assessment-chandigarh-goa-us-127-of-income-tax-act-tax-collection-public-interest-txn.webp "P&H HC upholds Transfer of Assessment From Chandigarh to Goa u/s 127 of Income Tax Act, Citing Efficient Tax Collection and Public Interest [Read Order]")
Income Tax Hearing Date cannot be Advanced without Intimating Assessee: Orissa HC sets aside Order rejecting S. 154 Application [Read Order]
The Orissa High Court has held that an income tax authority cannot advance a scheduled hearing date and pass an adverse order without duly informing the assessee, as such action violates the...
![Income Tax Hearing Date cannot be Advanced without Intimating Assessee: Orissa HC sets aside Order rejecting S. 154 Application [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/500x300_2113574-income-tax-hearing-intimating-assessee-orissa-hc-order-rejecting-s-154-application-taxscan.webp "Income Tax Hearing Date cannot be Advanced without Intimating Assessee: Orissa HC sets aside Order rejecting S. 154 Application [Read Order]")
Rental Income from Leasing Trailers and Exhibition Space is Business Income, Not House Property: ITAT Deletes Addition [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the Assessing Officer (AO) that treated rental receipts from trailers and trade exhibitions as income from...
![Rental Income from Leasing Trailers and Exhibition Space is Business Income, Not House Property: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113395-rental-income-leasing-trailers-exhibition-space-business-income-house-property-itat-taxscan.webp "Rental Income from Leasing Trailers and Exhibition Space is Business Income, Not House Property: ITAT Deletes Addition [Read Order]")
Failure to Issue Mandatory Draft Assessment Order to Non-Resident u/s 144C(1) Invalidates Search Assessment: ITAT Quashes Order [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) quashed search assessment and ruled that the Assessing Officer (AO) failed to mandatorily issue draft assessment order to ...
![Failure to Issue Mandatory Draft Assessment Order to Non-Resident u/s 144C(1) Invalidates Search Assessment: ITAT Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113416-failure-issue-mandatory-draft-assessment-order-non-resident-invalidates-search-assessment-itat-order-taxscan.webp "Failure to Issue Mandatory Draft Assessment Order to Non-Resident u/s 144C(1) Invalidates Search Assessment: ITAT Quashes Order [Read Order]")
S.56(2)(viib) Not Applicable to Shares issued to Non-Resident Holding Company: ITAT Deletes ₹198 Cr Addition [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) deleted a massive addition of ₹198 crores made under Section 56(2)(viib) and held that the provisions aimed at taxing share premiums ...
![S.56(2)(viib) Not Applicable to Shares issued to Non-Resident Holding Company: ITAT Deletes ₹198 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113435-itat-deletes-198-cr-addition-taxscan.webp "S.56(2)(viib) Not Applicable to Shares issued to Non-Resident Holding Company: ITAT Deletes ₹198 Cr Addition [Read Order]")