CBDT releases Income Tax Search and Seizure Manual, 2025
The Central Board of Direct Taxes (CBDT) has released the Income Tax Search and Seizure Manual, 2025, the first major update since 2007, bringing...
![Non-Payment of Self-Assessment Tax u/s 140A Renders Appeal Not Maintainable: ITAT Sets Aside CIT(A)s Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099545-self-assessment-tax-taxscan.webp "Non-Payment of Self-Assessment Tax u/s 140A Renders Appeal Not Maintainable: ITAT Sets Aside CIT(A)s Order [Read Order]")
![Reopening Based Solely on Third-Party Information and Reason to Suspect Invalid: ITAT Quashes ₹80.59 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099523-reopening-taxscan.webp "Reopening Based Solely on Third-Party Information and Reason to Suspect Invalid: ITAT Quashes ₹80.59 Lakh Addition [Read Order]")
![Penalty u/s 221(1) Valid for Non-Payment of Admitted Tax Liability: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099555-tax-liability-taxscan.webp "Penalty u/s 221(1) Valid for Non-Payment of Admitted Tax Liability: ITAT [Read Order]")
![Temple Governed by HPPRICE Act Not Required to Furnish Trust Deed for Registration u/s 12A: ITAT Directs Grant of Registration [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099536-temple-governed-hpprice-act-itat-taxscan.webp "Temple Governed by HPPRICE Act Not Required to Furnish Trust Deed for Registration u/s 12A: ITAT Directs Grant of Registration [Read Order]")
Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs.1,98,86,210 and ruled that the amount received by the assessee for a reduction in her profit-sharing ratio in...
![Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099460-llp-profit-share-goodwill-capital-gains-itat-income-tax-appellate-tribunal-taxscan-.webp "Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]")
Co-operative Society Entitled to Claim Deduction u/s 57 for Expenditure Incurred on Interest Income from Banks: ITAT Remits Income Tax Matter [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) remitted the matter back to the Assessing Officer (AO) to verify the actual expenditure incurred by the assessee to earn interest ...
![Co-operative Society Entitled to Claim Deduction u/s 57 for Expenditure Incurred on Interest Income from Banks: ITAT Remits Income Tax Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099400-interest-income-co-operative-society-taxscan.webp "Co-operative Society Entitled to Claim Deduction u/s 57 for Expenditure Incurred on Interest Income from Banks: ITAT Remits Income Tax Matter [Read Order]")
Unsecured Loan Genuine and Merely Carried Forward from Earlier Year, Not Fresh Borrowing: ITAT Deletes Rs. 2.50 Cr Income Tax Addition u/s 68 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee, observing that the unsecured loan was carried forward from an earlier year and not taken in the ...
![Unsecured Loan Genuine and Merely Carried Forward from Earlier Year, Not Fresh Borrowing: ITAT Deletes Rs. 2.50 Cr Income Tax Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099394-unsecured-loan-fresh-borrowing-loan-itat-income-tax-addition-income-tax-taxscan.webp "Unsecured Loan Genuine and Merely Carried Forward from Earlier Year, Not Fresh Borrowing: ITAT Deletes Rs. 2.50 Cr Income Tax Addition u/s 68 [Read Order]")
Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) remanded the matter relating to unexplained cash addition of Rs. 2.05 crore under Section 69 for fresh verification of the source of share ...
![Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099387-unexplained-cash-itat-fresh-verification-taxscan.webp "Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]")
Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that a co-operative society is entitled to a deduction under Section 80P(2)(d) of the Income Tax Act in respect of interest earned ...
![Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099348-co-operative-society-co-operative-bank-investments-itat-taxscan.webp "Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]")
Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as 'Equitable Relief' [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to an auto driver assessee in a case involving the disallowance of ₹34.77 lakh towards long-term capital gains. In...
![Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as Equitable Relief [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099370-lack-digital-access-itat-lakh-ltcg-taxscan.webp "Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as Equitable Relief [Read Order]")
![No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099391-no-disallowance-no-exempt-income-earned-itat-taxscan.webp "No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]")