![ITAT Dismisses Cooperative Society Appeal as Withdrawn, Grants Liberty to File Fresh Appeal if S.119(2)(b) Petition is Rejected [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/500x300_2088274-itat-cooperative-society-appeal-grants-liberty-fresh-appeal-petition-taxscan.webp "ITAT Dismisses Cooperative Society Appeal as Withdrawn, Grants Liberty to File Fresh Appeal if S.119(2)(b) Petition is Rejected [Read Order]")
ITAT Dismisses Cooperative Society Appeal as Withdrawn, Grants Liberty to File Fresh Appeal if S.119(2)(b) Petition is Rejected [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) dismisses the appeal of the assessee as withdrawn and grants liberty to file a fresh...
![Bogus Royalty Expenses Exceed ₹50 Lakh: Bombay HC upholds Income Tax Reassessment Beyond 3 Years [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/250x150_2088140-bogus-royalty-expenses-bogus-royalty-bombay-hc-income-tax-taxscan.webp "Bogus Royalty Expenses Exceed ₹50 Lakh: Bombay HC upholds Income Tax Reassessment Beyond 3 Years [Read Order]")
![Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/250x150_2088070-itat-quashes-income-tax-reassessment-taxscan.webp "Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]")
![Supreme Court Upholds 2012 Income Tax Attachment on Mumbai Shop, Rules Possession Alone Cannot Confer Right Without Clear Title [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/17/250x150_2088086-supreme-court-taxscan.webp "Supreme Court Upholds 2012 Income Tax Attachment on Mumbai Shop, Rules Possession Alone Cannot Confer Right Without Clear Title [Read Judgement]")
MEIS Subsidy Classification a Debatable Issue, Cannot be Rectified u/s 154: ITAT Upholds Deletion of ₹1.84 Crore Taxable Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai, has dismissed the Revenue’s appeal on the treatment of Merchandise Exports from India Scheme (MEIS) subsidy, ruling that its classification...
![MEIS Subsidy Classification a Debatable Issue, Cannot be Rectified u/s 154: ITAT Upholds Deletion of ₹1.84 Crore Taxable Income [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/500x300_2088066-itat-upholds-meis-subsidy-taxable-income-taxscan.webp "MEIS Subsidy Classification a Debatable Issue, Cannot be Rectified u/s 154: ITAT Upholds Deletion of ₹1.84 Crore Taxable Income [Read Order]")
Flipkart Wins Big: Karnataka HC Orders ₹16.11 Cr ITC Pre-Deposit Made Before 2020 to Be Refunded in Cash with Interest [Read Order]
In a recent ruling, the Karnataka High Court held that Flipkart is entitled to a cash refund of Rs. 16.11 crore, which it had deposited using Input Tax Credit (ITC) as a pre-deposit before the year...
![Flipkart Wins Big: Karnataka HC Orders ₹16.11 Cr ITC Pre-Deposit Made Before 2020 to Be Refunded in Cash with Interest [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/500x300_2088041-flipkart-wins-big-karnataka-hc-itc-itc-pre-deposit-taxscan.webp "Flipkart Wins Big: Karnataka HC Orders ₹16.11 Cr ITC Pre-Deposit Made Before 2020 to Be Refunded in Cash with Interest [Read Order]")
![CBDT Grants Income Tax Exemption to Ghaziabad Development Authority [Read Notification]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087842-cbdt-ghaziabad-development-authority-taxscan.webp "CBDT Grants Income Tax Exemption to Ghaziabad Development Authority [Read Notification]")
Tamil Nadu Electricity Regulatory Commission exempted from Income Tax u/s 10(46A), CBDT Notifies [Read Notification]
The Central Board of Direct Taxes (CBDT), through Notification dated 15th September 2025, has notified the Tamil Nadu Electricity Regulatory Commission as an eligible authority under Section 10(46A)...
![Tamil Nadu Electricity Regulatory Commission exempted from Income Tax u/s 10(46A), CBDT Notifies [Read Notification]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087835-2078646-cbdt-central-board-of-direct-taxes-income-tax-exemption-tamil-nadu-electricity-regulatory-commission-taxscan.webp "Tamil Nadu Electricity Regulatory Commission exempted from Income Tax u/s 10(46A), CBDT Notifies [Read Notification]")
Income Declared During Survey is Taxable as Business Income u/s 28, Not Under Unexplained Income Sections: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that income declared during survey is taxable as business income under Section 28 of the Income Tax Act, 1961 and not under the...
![Income Declared During Survey is Taxable as Business Income u/s 28, Not Under Unexplained Income Sections: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087810-income-taxable-business-income-itat-taxscan.webp "Income Declared During Survey is Taxable as Business Income u/s 28, Not Under Unexplained Income Sections: ITAT [Read Order]")
Agricultural Receipts Treated as Unexplained Income u/s 68: ITAT Grants Opportunity to Substantiate Claim [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ) grants an opportunity to substantiate claim on agricultural receipts treated as unexplained income under section 68 of Income Tax...
![Agricultural Receipts Treated as Unexplained Income u/s 68: ITAT Grants Opportunity to Substantiate Claim [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087791-unexplained-income-taxscan.webp "Agricultural Receipts Treated as Unexplained Income u/s 68: ITAT Grants Opportunity to Substantiate Claim [Read Order]")
‘More than 7 crores ITR Filed’: Income Tax Dept expresses Gratitude to Taxpayers and Professionals
India’s Income Tax Department has revealed that more than 7 crore Income Tax Returns (ITRs) have been filed so far for Assessment Year 2025-26, as of September 15. The figure continues to climb. The...
