Pre-Budget Discussions with PM: Economists recommends for Income Tax Cut RateÂ
In a strategic pre-budget consultation, Prime Minister Narendra Modi met with leading economists to discuss the upcoming Budget 2025. The...
![Expenditure u/s 57 Justified with Established Income Nexus: ITAT allows to claim Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-Section-57-of-Income-Tax-Act-taxscan.jpg "Expenditure u/s 57 Justified with Established Income Nexus: ITAT allows to claim Deduction [Read Order]")
![Inadequate Decision by CIT(A) on Rs. 11.45 Lacs Unexplained Money Addition: ITAT Remits Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Unexplained-Money-Commissioner-of-Income-TaxAppeals-taxscan.jpg "Inadequate Decision by CIT(A) on Rs. 11.45 Lacs Unexplained Money Addition: ITAT Remits Matter [Read Order]")
![Rejection of Land Valuation by AO: ITAT Directs Referral to DVO for Expert Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Land-Valuation-Taxscan.jpg "Rejection of Land Valuation by AO: ITAT Directs Referral to DVO for Expert Assessment [Read Order]")
![Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-Delhi-High-Court-Income-Tax-Section-148-of-the-Income-Tax-Act-Concrete-Evidence-taxscan.jpg "Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]")
![CBDT Exempts 1948 formed Bengaluru Central Silk Board from Income Tax u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/CBDT-Central-Silk-Board-Bengaluru-Central-Silk-Board-Income-Tax-Taxscan.jpg "CBDT Exempts 1948 formed Bengaluru Central Silk Board from Income Tax u/s 10(46) [Read Notification]")
ITAT sets aside Re-Assessment Order, due to Lack of Opportunity of being Heard and Errors in Employer-Employee Contributions [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has directed the Assessing Officer (AO) and the Centralized Processing Centre ( CPC ), Bangalore, to re-examine a case due to lack of...
![ITAT sets aside Re-Assessment Order, due to Lack of Opportunity of being Heard and Errors in Employer-Employee Contributions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/re-assessment-order-income-tax-itat-delhi-employer-employee-contributions-infotech-cpc.jpg "ITAT sets aside Re-Assessment Order, due to Lack of Opportunity of being Heard and Errors in Employer-Employee Contributions [Read Order]")
Eligibility for S.54F Deduction for Residential House Purchase: ITAT upholds AO’s decision Rejecting Claim [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Assessing Officer(AO)'s decision rejecting the assessee's claim for a ₹2.51 crore deduction under Section 54F of Income Tax...
![Eligibility for S.54F Deduction for Residential House Purchase: ITAT upholds AO’s decision Rejecting Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Eligibility-S.54F-Deduction-Residential-House-Purchase-ITAT-AOs-decision-Rejecting-Claim-taxscan.jpg "Eligibility for S.54F Deduction for Residential House Purchase: ITAT upholds AO’s decision Rejecting Claim [Read Order]")
Cash Deposits from Business Income during Demonetization cannot be treated as Unexplained Entirely: ITAT upholds 20% of Additions due to Unknown Source
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) held that the cash deposits made during demonetization out of business income cannot be treated as unexplained cash deposits completely....
Unexplained Cash Deposits during Demonetization: ITAT Limits Addition to ₹10 Lakhs Considering Possible Cash Sales [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) limits the addition of unexplained cash deposits during demonetization to ₹10 lakhs, considering the possibility of cash sales. Gaurangi...
![Unexplained Cash Deposits during Demonetization: ITAT Limits Addition to ₹10 Lakhs Considering Possible Cash Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/itat-demonetization-delhi-itat-cash-sales-cash-transaction-limit-income-tax.jpg "Unexplained Cash Deposits during Demonetization: ITAT Limits Addition to ₹10 Lakhs Considering Possible Cash Sales [Read Order]")
Co-operative Society Eligible for Deduction u/s 80P(2)(d) on Interest Earned from Fixed Deposits in Co-operative Bank: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that the assessee, which is a co-operative society, is eligible for a deduction under Section 80P(2)(d) on interest earned from...
![Co-operative Society Eligible for Deduction u/s 80P(2)(d) on Interest Earned from Fixed Deposits in Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Co-operative-Bank-Co-operative-Society-Taxscan.jpg "Co-operative Society Eligible for Deduction u/s 80P(2)(d) on Interest Earned from Fixed Deposits in Co-operative Bank: ITAT [Read Order]")