Black Money Act 2.0 Coming Soon? Govt Sets Up Panel to Review and Align It with the Income Tax Act
The Government of India has started a major review of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015,...
![Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096305-cash-in-hand-itat-income-tax-addition-taxscan.webp "Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]")
![Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096246-reassessment-notice-taxscan.webp "Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]")
![CIT(A) Must Pass Reasoned Order, Cannot Merely Uphold AOs View: ITAT Restores Rs. 1.86 Cr Addition for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096200-uphold-ao-itat-fresh-adjudication-taxscan.webp "CIT(A) Must Pass Reasoned Order, Cannot Merely Uphold AOs View: ITAT Restores Rs. 1.86 Cr Addition for Fresh Adjudication [Read Order]")
Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]
The High Court of Allahabad ruled that taxpayers cannot be left at mercy of assessing officer (AO) for genuine income tax refund delays.U.P. Rajya Nirman Sahakari Sangh Limited,petitioner-assessee,...
![Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096176-income-tax-refund.webp "Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]")
ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, upheld the order of the Commissioner of Income-tax (Appeals) [CIT(A)], which had allowed the deduction of Employee Stock Option Plan (ESOP)...
![ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096146-esop-business-deduction-itat-goldman-sachs-case-goldman-sachs-taxscan.webp "ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]")
Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the transfer of Sponge Iron Unit through a court-approved Scheme of Arrangement cannot be characterized as a slump sale under...
![Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096107-slump-sale-itat-rules-taxscan.webp "Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]")
Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]
The High Court of Delhi, sets aside notices issued under Sections 148A(1), 148A(3), and 148 of the Income Tax Act,1961, for the transfer of shares by a non-resident company and remands the matter to...
![Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096183-income-tax-reassessment-notices-share-transfer-delhi-hc-taxscan.webp "Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]")
Assessment Without Inquiry on Co-owner's Source of Payment on Property Purchase: ITAT Orders Fresh Enquiry [Read Order]
The Jabalpur Bench of the Income Tax Appellate Tribunal (ITAT) restored the appeal to the Assessing Officer (AO) for fresh consideration by holding that the source of payment for property purchase...
![Assessment Without Inquiry on Co-owners Source of Payment on Property Purchase: ITAT Orders Fresh Enquiry [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096053-property-purchase-taxscan.webp "Assessment Without Inquiry on Co-owners Source of Payment on Property Purchase: ITAT Orders Fresh Enquiry [Read Order]")
![Items Reportable in Tax Audit Report & Key Clauses of Form 3CD [Checklist Here]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095674-income-tax-audit.webp "Items Reportable in Tax Audit Report & Key Clauses of Form 3CD [Checklist Here]")