ITR Processing and Refund Delayed: Taxpayers Turn to ‘X’, Demands Immediate Action
Taxpayers across the nation are taking to the social media platform 'X' (formerly Twitter) to voice their frustration over significant delays in the...
![Wrong Sanction for Reopening u/s 151 Invalidates Income Tax Proceedings: Supreme Court Upholds Bombay HC Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/250x150_2111176-invalidates-income-tax-proceedings-taxscan.webp "Wrong Sanction for Reopening u/s 151 Invalidates Income Tax Proceedings: Supreme Court Upholds Bombay HC Ruling [Read Order]")
![UAE Company Earned ₹4+ Cr Interest in India, No ITR Required Despite TDS: Here’s Why [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/250x150_2110979-uae-company-earned-interest-india-itr-required-despite-tds.webp "UAE Company Earned ₹4+ Cr Interest in India, No ITR Required Despite TDS: Here’s Why [Read Order]")
![Deemed Dividend u/s 2(22)(e) Inapplicable to Sister-Concern Loans: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/250x150_2110916-itat-ahmedabad-loans-deemed-dividend-sister-concern-inapplicable-itat-deletes-addition-taxscan.webp "Deemed Dividend u/s 2(22)(e) Inapplicable to Sister-Concern Loans: ITAT Deletes Addition [Read Order]")
![Old v/s New Limitation: ITAT Quashes AY 2013‑14 Reopening as Old Regime Bars Reassessment Despite New 10‑Year Rule u/s 149 [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/250x150_2110910-itat-chennai-reassessment-old-vs-new-limitation-reopening-old-regime-bars-taxscan.webp "Old v/s New Limitation: ITAT Quashes AY 2013‑14 Reopening as Old Regime Bars Reassessment Despite New 10‑Year Rule u/s 149 [Read Order]")
Chhattisgarh HC Rejects M.Com Student’s Plea for Third Re-Evaluation of Income Tax Marks Over Belated Application Filing [Read Order]
In a recent ruling, the Chhattisgarh High Court rejected the plea of M.Com student seeking a third re-evaluation of his Income Tax and Finance Management marks, holding that his application before ...
![Chhattisgarh HC Rejects M.Com Student’s Plea for Third Re-Evaluation of Income Tax Marks Over Belated Application Filing [Read Order]](https://images.taxscan.in/h-upload/2025/12/05/500x300_2110326-chattisgarh-hc-mcom-students-plea-third-re-evaluation-income-tax-marks-application-filing-taxscan.webp "Chhattisgarh HC Rejects M.Com Student’s Plea for Third Re-Evaluation of Income Tax Marks Over Belated Application Filing [Read Order]")
ICAI Exam Update: New Income Tax Act will be Included in CA Intermediate, Final and Self-Paced Exams, Know Complete Details
The Institute of Chartered Accountants of India ( ICAI ), through its Board of Studies (Academic), has officially announced that the Income-tax Act, 2025 will be applicable for CA examinations from...
ITAT Remands 26AS Mismatch to AO for Verification of Actual Receipts and TDS Credits for Accurate Income Reporting [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal after finding that the issue of mismatch between Form 26AS receipts and income actually received required...
![ITAT Remands 26AS Mismatch to AO for Verification of Actual Receipts and TDS Credits for Accurate Income Reporting [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108711-itat-directs-re-adjudication-taxscan.webp "ITAT Remands 26AS Mismatch to AO for Verification of Actual Receipts and TDS Credits for Accurate Income Reporting [Read Order]")
ITAT Upholds Assessee’s Consistent 70:30 Allocation of Sales Promotion and Financial Expenses Between Revenue and Capital Work-in-Progress [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal on the issue of sales promotion and financial expenses after noting that the assessee had consistently followed a...
![ITAT Upholds Assessee’s Consistent 70:30 Allocation of Sales Promotion and Financial Expenses Between Revenue and Capital Work-in-Progress [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108710-itat-assessee-sales-promotion-financial-expenses-revenue-capital-taxscan.webp "ITAT Upholds Assessee’s Consistent 70:30 Allocation of Sales Promotion and Financial Expenses Between Revenue and Capital Work-in-Progress [Read Order]")
ITAT Upholds 153C Assessments but Deletes Cash Payment Additions for Lack of Corroboration and No Cross-Examination [Read Order]
ITAT Deletes Cash Additions for Lack of Proof while Upholding 153C Assessments The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed four appeals filed by Akhraj...
![ITAT Upholds 153C Assessments but Deletes Cash Payment Additions for Lack of Corroboration and No Cross-Examination [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108707-cash-payment-taxscan.jfif "ITAT Upholds 153C Assessments but Deletes Cash Payment Additions for Lack of Corroboration and No Cross-Examination [Read Order]")
ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the addition of ₹6,90,45,000 made under Section 68 of the Income Tax Act, 1961, holding that both the Assessing Officer...
![ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108701-itat-premium-addition-non-consideration-assessee-evidence-taxscan.webp "ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read Order]")
Revision Invalid when Assessment Order u/s 153A passed with JCIT Approval u/s 153D: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) set aside an order passed under Section 263 of the Income Tax Act, 1961 and ruled that a revision of an assessment order made under Section...
![Revision Invalid when Assessment Order u/s 153A passed with JCIT Approval u/s 153D: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108691-the-income-tax-act-mandatory-approval-taxscan.webp "Revision Invalid when Assessment Order u/s 153A passed with JCIT Approval u/s 153D: ITAT [Read Order]")