Budget 2025: Two Self-occupied Property Conditions Exempt from Income Tax, Says FM
On February 1st, 2025, at 11:00 AM, the Union Budget 2025 was presented to the Parliament by Finance Minister Nirmala Sitharaman. The Finance...
![[BREAKING] Union Budget 2025: FM proposes Extended Updated Income Tax Return ITR-U Time Limits](https://www.taxscan.in/wp-content/uploads/2025/02/FM-Income-Tax-Return-ITR-U-Nirmala-Sitharaman-Budget-2025-India-Income-tax-changes-2025-Impact-of-Budget-2025-Budget-2025-Highlights-Budget-2025-Updates-Finance-Minister-Budget-speech-2025-Taxscan.jpg "[BREAKING] Union Budget 2025: FM proposes Extended Updated Income Tax Return ITR-U Time Limits")
![[BREAKING] No Income Tax upto Rs. 12 Lakh Income, proposes FM during Budget 2025](https://www.taxscan.in/wp-content/uploads/2025/02/BREAKING-Income-Tax-12-Lakh-Income-proposes-FM-during-Budget-2025-Taxscan.jpg "[BREAKING] No Income Tax upto Rs. 12 Lakh Income, proposes FM during Budget 2025")
Apartment Owners Association Gets Second Chance: ITAT Sets Aside CIT(A) Order due to Technical Glitch [Read Order]
In a significant relief to an apartment owners association, the Income Tax Appellate Tribunal ( ITAT ), Bangalore Bench, has set aside the order of the Commissioner of Income Tax ( Appeals ) CIT( A )...
![Apartment Owners Association Gets Second Chance: ITAT Sets Aside CIT(A) Order due to Technical Glitch [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Technical-Glitch-ITAT-Owners-Association-taxscan.jpg "Apartment Owners Association Gets Second Chance: ITAT Sets Aside CIT(A) Order due to Technical Glitch [Read Order]")
Liquidation of Corporate Debtor cannot be Faulted when Revival is not a Viable Option: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) in New Delhi has ruled that the CoC's decision to liquidate the corporate debtor cannot be criticized once it becomes evident that revival is not a...
![Liquidation of Corporate Debtor cannot be Faulted when Revival is not a Viable Option: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Liquidation-of-Corporate-Debtor-Corporate-Debtor-Faulted-Viable-Option-NCLAT-Liquidation-taxscan.jpg "Liquidation of Corporate Debtor cannot be Faulted when Revival is not a Viable Option: NCLAT [Read Order]")
ITAT Quashes CIT(A) Order for Not Considering Assessee's Submissions, Directs AO to Re-Examine Case [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Surat Bench, quashed the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] and directed the Assessing Officer (AO) to...
![ITAT Quashes CIT(A) Order for Not Considering Assessees Submissions, Directs AO to Re-Examine Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Re-Examine-Case-CITA-Order-Income-Tax-taxscan.jpg "ITAT Quashes CIT(A) Order for Not Considering Assessees Submissions, Directs AO to Re-Examine Case [Read Order]")
ITAT Condones Delay of 107 Days in Filing Appeal Due to Assessee's Health Issues and Covid-19 Pandemic [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has condoned a delay of 107 days in filing an appeal by an assessee, Divyesh Devabhai Pampania, citing health...
![ITAT Condones Delay of 107 Days in Filing Appeal Due to Assessees Health Issues and Covid-19 Pandemic [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Condones-Delay-Condones-Delay-Filing-Appeal-Due-Assessees-Health-Issues-Health-Issues-Covid-19-Pandemic-Covid-19-taxscan.jpg "ITAT Condones Delay of 107 Days in Filing Appeal Due to Assessees Health Issues and Covid-19 Pandemic [Read Order]")
ITAT rules against S.80P Income Tax Exemptions for Cooperative Societies on Interest from Nationalized Banks: ITAT [Read Order]
In a noteworthy ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) held that cooperative societies are not eligible to avail tax exemptions under Section 80 of the Income Tax...
![ITAT rules against S.80P Income Tax Exemptions for Cooperative Societies on Interest from Nationalized Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Exemptions-Cooperative-Societies-Interest-Nationalized-Banks-ITAT-taxscan.jpg "ITAT rules against S.80P Income Tax Exemptions for Cooperative Societies on Interest from Nationalized Banks: ITAT [Read Order]")