![CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2083069-iit-madras-taxscan.webp "CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]")
CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has granted approval to IIT Madras Research Park for income tax deduction benefits, making donations made...
![Income Tax Dept. Launched Evasion Prosecution Flouting CBDT Circulars: Supreme Court Slaps ₹2 Lakh Fine on Revenue [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/250x150_2083061-supreme-court-fine-taxscan.webp "Income Tax Dept. Launched Evasion Prosecution Flouting CBDT Circulars: Supreme Court Slaps ₹2 Lakh Fine on Revenue [Read Order]")
![Bank Passbook Evidence Validates Loan Transaction: ITAT deletes Addition u/s 68, Remands Interest Disallowance Issue [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/250x150_2082914-loan-itat-income-tax-taxscan.webp "Bank Passbook Evidence Validates Loan Transaction: ITAT deletes Addition u/s 68, Remands Interest Disallowance Issue [Read Order]")
CIT(A) Obligated to Dispose Off Appeal on Merits, Cannot Dismiss on Non-Prosecution of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam Bench, has held that the Commissioner of Income Tax (Appeals) [CIT(A)] is under a statutory obligation to dispose of appeals on merits and...
![CIT(A) Obligated to Dispose Off Appeal on Merits, Cannot Dismiss on Non-Prosecution of Assessee: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082147-cita-appeal-merits-non-prosecution-itat-taxscan.webp "CIT(A) Obligated to Dispose Off Appeal on Merits, Cannot Dismiss on Non-Prosecution of Assessee: ITAT [Read Order]")
Non-speaking, cryptic, and mechanical Income Tax Order by quasi-judicial authorities is Invalid: ITAT rules in Favour of Lions Club [Read Order]
The Income Tax Appellate Tribunal (ITAT) of the Hyderabad bench set aside the order which was passed by the income tax quasi-judicial authority as being non-speaking, cryptic and mechanical. The...
![Non-speaking, cryptic, and mechanical Income Tax Order by quasi-judicial authorities is Invalid: ITAT rules in Favour of Lions Club [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082164-lions-club-taxscan.webp "Non-speaking, cryptic, and mechanical Income Tax Order by quasi-judicial authorities is Invalid: ITAT rules in Favour of Lions Club [Read Order]")
Concessional Tax Rate u/s 115BAA denied due to Non-Filing of Form 10-IC: ITAT direct AO to Re-consider Claim Conditionally [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer (AO) to reconsider its claim for the concessional corporate tax regime under Section 115BAA of...
![Concessional Tax Rate u/s 115BAA denied due to Non-Filing of Form 10-IC: ITAT direct AO to Re-consider Claim Conditionally [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082143-form-10-1c-taxscan.webp "Concessional Tax Rate u/s 115BAA denied due to Non-Filing of Form 10-IC: ITAT direct AO to Re-consider Claim Conditionally [Read Order]")
Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that manufacturing, supply, and maintenance contracts acquired through slump sale arrangements qualify as intangible assets...
![Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082141-thermo-fisher.webp "Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]")
Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could Not Substantiate Turnover Beyond Returns [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ranchi Bench, has directed the Assessing Officer (AO) to re-examine the case of assessee, who had deposited ₹26.60 lakh during the demonetization period,...
![Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could Not Substantiate Turnover Beyond Returns [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082133-cash-deposits-building-material-business-itat-taxscan.webp "Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could Not Substantiate Turnover Beyond Returns [Read Order]")
Digital Inspection Power Expanded for Benami Transactions: The Newly Passed Income Tax Bill, 2025 Strengthens E-Governance
A New Era of Financial Transparency When Rajesh Kumar, a mid-level government employee earning ₹50,000 monthly, was found to own properties worth ₹15 crores across Mumbai and Pune, traditional ...
Section 56(2)(vii)(b)(ii) does Not Apply to Land Purchase Made Prior to 1st April 2014: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Lucknow bench, deleted the addition made under Section 56(2)(vii)(b)(ii) of the Income Tax Act, 1961, holding that the provision is prospective and applies...
![Section 56(2)(vii)(b)(ii) does Not Apply to Land Purchase Made Prior to 1st April 2014: ITAT deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/08/29/500x300_2081862-profit-twin-land-transactions-taxable-business-income-not-capital-income-itat-taxscan-1.webp "Section 56(2)(vii)(b)(ii) does Not Apply to Land Purchase Made Prior to 1st April 2014: ITAT deletes Addition [Read Order]")