![ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078318-itat-itat-gives-taxpayer-second-chance-second-chance-to-taxpayer-taxscan.webp "ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]")
ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad has granted a taxpayer another opportunity to explain the source of funds for a ₹50 lakh property...
![ITAT Grants Second Chance; Trusts 12AB & 80G Registration Denial Set Aside for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078330-itat-second-chance-trusts-12ab-80g-taxscan.webp "ITAT Grants Second Chance; Trusts 12AB & 80G Registration Denial Set Aside for Fresh Hearing [Read Order]")
![ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078336-itat-taxpayer-property-purchase-source-taxscan.webp "ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]")
![Receiving Gifts Before Wedding Date Cannot Be Treated as Ungenuine Without Proof: ITAT Deletes ₹4.31 Lakh Unexplained Cash Deposit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078331-receiving-gifts-before-wedding-date-wedding-gifts-taxscan.webp "Receiving Gifts Before Wedding Date Cannot Be Treated as Ungenuine Without Proof: ITAT Deletes ₹4.31 Lakh Unexplained Cash Deposit Addition [Read Order]")
Disallowance of INR 17.95 Lakh Royalty Expenses: ITAT Deletes Addition Applying Consistency Principle [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) applying the consistency principle, deleted the disallowance of INR 17.95 lakh royalty expenses made by the Assessing Officer (AO).Travel...
![Disallowance of INR 17.95 Lakh Royalty Expenses: ITAT Deletes Addition Applying Consistency Principle [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078229-disallowance-inr-1795-lakh-royalty-expenses-itat-deletes-addition-applying-consistency-principle-taxscan.webp "Disallowance of INR 17.95 Lakh Royalty Expenses: ITAT Deletes Addition Applying Consistency Principle [Read Order]")
Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Asianet Satellite Communications Ltd., allowing deduction of interest on delayed statutory payments, including Tax ...
![Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078218-asianet-itat-taxscan.webp "Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]")
AO Disallows Deemed Application of Income for Non-Filing of Form 10 Electronically: ITAT allows Claims [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition of ₹25.50 lakh made for non-electronic filing of Form 10 and directed the Assessing Officer (AO ) to allow the deemed ...
![AO Disallows Deemed Application of Income for Non-Filing of Form 10 Electronically: ITAT allows Claims [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078200-income-tax-income-tax-e-filing-e-filing-portal-filing-filing-of-form-10-form-10-taxscan.webp "AO Disallows Deemed Application of Income for Non-Filing of Form 10 Electronically: ITAT allows Claims [Read Order]")
PCIT Orders Reassessment of Investments and FDs u/s 263: ITAT Sets Aside Order, Holds AO Properly Verified Details [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) sets aside Principal Commissioner of Income Tax (PCIT) order directing reassessment of investments and fixed deposits under Section 263 of...
![PCIT Orders Reassessment of Investments and FDs u/s 263: ITAT Sets Aside Order, Holds AO Properly Verified Details [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078223-pcit-investments-and-fds-itat-taxscan.webp "PCIT Orders Reassessment of Investments and FDs u/s 263: ITAT Sets Aside Order, Holds AO Properly Verified Details [Read Order]")
Income Tax Rules Amendment: CBDT Fixes ₹4 Lakh Salary and ₹8 Lakh Gross Income Thresholds [Read Notification]
The Central Board of Direct Taxes (CBDT), Ministry of Finance issued Notification No. 133/2025 [G.S.R. 555(E)] dated 18 August 2025, amending the Income Tax Rules, 1962 by introducing two new ...
![Income Tax Rules Amendment: CBDT Fixes ₹4 Lakh Salary and ₹8 Lakh Gross Income Thresholds [Read Notification]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078208-cbdt-salary-income-tax-rules-taxscan.webp "Income Tax Rules Amendment: CBDT Fixes ₹4 Lakh Salary and ₹8 Lakh Gross Income Thresholds [Read Notification]")
![ITAT Holds SBI PLR Applicable for Arm’s Length Interest on INR-Denominated FCCDs [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078152-arms-length-interest-taxscan.webp "ITAT Holds SBI PLR Applicable for Arm’s Length Interest on INR-Denominated FCCDs [Read Order]")
ITAT Holds Scrap Sales Taxable as Operating Income: ₹26.18 Lakh Treated from Packing Material [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that receipts from scrap sales, when linked to regular manufacturing activity, are to be treated as operating income for...
![ITAT Holds Scrap Sales Taxable as Operating Income: ₹26.18 Lakh Treated from Packing Material [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078143-itat-scrap-sales-income-packing-material-taxscan.webp "ITAT Holds Scrap Sales Taxable as Operating Income: ₹26.18 Lakh Treated from Packing Material [Read Order]")