![TPO already made Adjustments on Information & Technology Fees: ITAT deletes AOs Protective Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/TPO-Adjustments-Information-Technology-Fees-ITAT-AOs-Protective-Addition-taxscan.jpg "TPO already made Adjustments on Information & Technology Fees: ITAT deletes AOs Protective Addition [Read Order]")
TPO already made Adjustments on Information & Technology Fees: ITAT deletes AO's Protective Addition [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) deleted the protective addition made by the Assessing Officer (AO) because the...
![Tax Effect of ₹54.04 Lakh Below CBDT’s 60 Lakh Limit: ITAT Dismisses Revenue’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/TAT-ITAT-Delhi-CBDT-ITAT-Dismisses-Revenue-Appeal-taxscan.jpg "Tax Effect of ₹54.04 Lakh Below CBDT’s 60 Lakh Limit: ITAT Dismisses Revenue’s Appeal [Read Order]")
![Capitalized R&D expenditure can be claimed u/s 35(1)(iv) if disallowed u/s 35(2AB): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Capitalized-RD-expenditure-RD-expenditure-claimed-Section-351iv-disallowed-Section-352AB-disallowed-ITAT-taxscan.jpg "Capitalized R&D expenditure can be claimed u/s 35(1)(iv) if disallowed u/s 35(2AB): ITAT [Read Order]")
![ITAT Directs Fresh Assessment in Property Valuation Dispute u/s 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Directs-Fresh-Assessment-in-Property-Valuation-Fresh-Assessment-Property-Valuation-Property-Valuation-Dispute-Section-50C-taxscan.jpg "ITAT Directs Fresh Assessment in Property Valuation Dispute u/s 50C [Read Order]")
![ITAT quashes Reassessment Due to Vague Reasons and Lack of Jurisdiction for New Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Quashes-Reassessment-Due-Vague-Reasons-and-Lack-of-Jurisdiction-Lack-of-Jurisdiction-Lack-of-Jurisdiction-for-New-Additions-Jurisdiction-for-New-Additions-taxscan.jpg "ITAT quashes Reassessment Due to Vague Reasons and Lack of Jurisdiction for New Additions [Read Order]")
ICMAI Seeks Inclusion of Cost Accountants in ‘Accountant’ Definition in Income Tax Bill, Writes to FM
The Institute of Cost Accountants of India ( ICMAI ) has written a letter to the Finance Minister Nirmala Sitharaman to include Cost Accountants in the definition of ‘Accountant’ under Section...
Income Tax Dept or GST dept cannot Retain Cash Seized Prior to Finalisation of Proceedings: Kerala HC [Read Order]
The Kerala High Court has held that Income Tax department or GST department cannot retain illegal cash seizied prior to a finalisation of respective proceedings initiated by them. The appellants...
![Income Tax Dept or GST dept cannot Retain Cash Seized Prior to Finalisation of Proceedings: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/GST-I-income-Tax-Dept-Kerala-High-Court-GST-dept-Cash-Seized-TAXSCAN-1.jpg "Income Tax Dept or GST dept cannot Retain Cash Seized Prior to Finalisation of Proceedings: Kerala HC [Read Order]")
![Penalty u/s 271(1)(c) Unjustified on Ad-Hoc Estimated Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/TAT-ITAT-Mumbai-Penalty-Estimated-Income-Taxscan.jpg "Penalty u/s 271(1)(c) Unjustified on Ad-Hoc Estimated Income: ITAT [Read Order]")
Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Exemption)[CIT(E)] for reconsideration after the rejection of a registration...
![Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Rejection-of-Registration-Registration-Application-Registration-Application-Section-12AB-ITAT-ITAT-Remands-Matter-Remands-Matter-to-CITE-taxscan.jpg "Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]")
ITAT Upholds S.54F Deduction as Capital Gain Compliance Met on Time, Dismisses Revenue’s Appeal [Read Order]
The Delhi Income Tax Appellate Tribunal ( ITAT ) has upheld the deduction claimed under Section 54F of the Income Tax Act, 1961, and dismissed the appeal filed by the department. The issue in this...
![ITAT Upholds S.54F Deduction as Capital Gain Compliance Met on Time, Dismisses Revenue’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Section-54F-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Upholds S.54F Deduction as Capital Gain Compliance Met on Time, Dismisses Revenue’s Appeal [Read Order]")
Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that reassessment is invalid if no addition is made on the issue for which the case was reopened and no fresh notice under Section 148...
![Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Reassessment-TAXSCAN.jpg "Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]")