![Revenue Challenges Gujarat HC Order on Reopening Income Tax Assessment Based on External Trading Data Before Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2025/09/03/500x300_2083776-revenue-gujarat-hc-income-tax-assessment-taxscan.webp "Revenue Challenges Gujarat HC Order on Reopening Income Tax Assessment Based on External Trading Data Before Supreme Court [Read Order]")
Revenue Challenges Gujarat HC Order on Reopening Income Tax Assessment Based on External Trading Data Before Supreme Court [Read Order]
The Revenue approached the Supreme Court challenging a Gujarat High Court judgment that quashed a reassessment notice issued under Section 148 of the...
![Trust Activities Not Found Wholly Religious: ITAT says Free Feeding, Education is Charitable, Orders Reconsideration of 12AB & 80G Applications [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/250x150_2083554-trust-activities-itat-education-is-charitable-education-taxscan.webp "Trust Activities Not Found Wholly Religious: ITAT says Free Feeding, Education is Charitable, Orders Reconsideration of 12AB & 80G Applications [Read Order]")
CBDT Extends Income Tax Exemption Timelines by Six Years for Sovereign Wealth and Pension Funds u/s 10(23FE) [Read Notification]
The Central Board of Direct Taxes (CBDT), Ministry of Finance, has issued Notification G.S.R. 598(E) dated September 1, 2025, introducing the Income-tax (Twenty-Fifth Amendment) Rules, 2025. This ...
![CBDT Extends Income Tax Exemption Timelines by Six Years for Sovereign Wealth and Pension Funds u/s 10(23FE) [Read Notification]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083480-income-tax-exemption-income-share-transactions-undisclosed-income-income-tax-itat-taxscan-2.webp "CBDT Extends Income Tax Exemption Timelines by Six Years for Sovereign Wealth and Pension Funds u/s 10(23FE) [Read Notification]")
Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Lucknow, examined whether an assessee is entitled to claim simultaneous deductions under Section 80IB and Section 80HHC of the Income Tax Act, 1961. The...
![Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083448-simultaneous-deductions-itat-supreme-court-appeal-taxscan.webp "Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]")
CIT(A) & AO Ignores status of GST Angle in ₹25.17 cr Bogus Purchase Case: ITAT orders fresh Adjudication [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded a case involving alleged bogus purchases worth ₹25.17 crore to the Assessing Officer (AO) for a fresh inquiry, after...
![CIT(A) & AO Ignores status of GST Angle in ₹25.17 cr Bogus Purchase Case: ITAT orders fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083373-gst-bogus-purchase-itat-fresh-adjudication-taxscan.webp "CIT(A) & AO Ignores status of GST Angle in ₹25.17 cr Bogus Purchase Case: ITAT orders fresh Adjudication [Read Order]")
Rejection of Books u/s 145 Does Not Retrospectively Waive Mandatory Obligation to Furnish Audit Report u/s 44AB: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad, held that the rejection of books under Section 145 during assessment proceedings does not retrospectively nullify the obligation to comply with...
![Rejection of Books u/s 145 Does Not Retrospectively Waive Mandatory Obligation to Furnish Audit Report u/s 44AB: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083371-itat-hyderabad-tax-audit-report-filing-section-145-rejection-section-44ab-audit.webp "Rejection of Books u/s 145 Does Not Retrospectively Waive Mandatory Obligation to Furnish Audit Report u/s 44AB: ITAT [Read Order]")
AO Fails to Carry Out Adequate Verification with GST dept: ITAT Remands Alleged Bogus Purchase Addition of ₹10.51 Crore [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad remanded the matter of alleged Rs. 10.51 crore addition back to the Assessing Officer (AO) as it failed to verify the carry out the independent...
![AO Fails to Carry Out Adequate Verification with GST dept: ITAT Remands Alleged Bogus Purchase Addition of ₹10.51 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083383-gst-itat-alleged-bogus-taxscan.webp "AO Fails to Carry Out Adequate Verification with GST dept: ITAT Remands Alleged Bogus Purchase Addition of ₹10.51 Crore [Read Order]")
Addition u/s 43CA r.w.s. 56(2) on Flat Sale Requires Merits-Based Review: ITAT sets aside Non-Prosecution Dismissal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai examined the validity of additions made under Section 43CA read with Section 56(2)(vii)(b) of the Income Tax Act, 1961, relating to flat sales below...
![Addition u/s 43CA r.w.s. 56(2) on Flat Sale Requires Merits-Based Review: ITAT sets aside Non-Prosecution Dismissal [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2083096-flat-sale-taxscan.webp "Addition u/s 43CA r.w.s. 56(2) on Flat Sale Requires Merits-Based Review: ITAT sets aside Non-Prosecution Dismissal [Read Order]")
Rectification to Correct Income Mistakenly Offered Twice Cannot Be Denied: ITAT Restricts Addition to Prevent Double Taxation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jodhpur, has held that rectification under Section 154 of the Income Tax Act, 1961, is permissible where an inadvertent mistake in return filing results in...
![Rectification to Correct Income Mistakenly Offered Twice Cannot Be Denied: ITAT Restricts Addition to Prevent Double Taxation [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2083067-double-taxation-taxscan.webp "Rectification to Correct Income Mistakenly Offered Twice Cannot Be Denied: ITAT Restricts Addition to Prevent Double Taxation [Read Order]")