![SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075225-sbn-deposits-sbn-deposits-not-unexplained-income-taxscan.webp "SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]")
SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that deposits of Specified Bank Notes (SBNs) made during the demonetisation...
![Non-Intimation by Tax Practitioner Causes Appeal Delay: ITAT Condones 1249-Day Delay, Quashes Revision u/s 263 Initiated on AOs Proposal [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074942-non-intimation-tax-practitioner-causes-appeal-delay-itat-condones-delay-quashes-revision-us-263-proposal-taxscan.webp "Non-Intimation by Tax Practitioner Causes Appeal Delay: ITAT Condones 1249-Day Delay, Quashes Revision u/s 263 Initiated on AOs Proposal [Read Order]")
![ITAT Weekly Round-up [August 2nd- August 9th]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074798-itat-weekly-roundup-taxscan.webp "ITAT Weekly Round-up [August 2nd- August 9th]")
![Wedding Gifts Not Taxable under Income Tax: ITAT deletes ₹10 Lakh Cash Deposit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074781-wedding-gifts-wedding-gifts-not-taxable-under-income-tax-taxscan.webp "Wedding Gifts Not Taxable under Income Tax: ITAT deletes ₹10 Lakh Cash Deposit Addition [Read Order]")
Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCIT's Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the free of cost equipment of ₹42.89 crore received from group companies was potentially taxable as a perquisite under...
![Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCITs Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074783-group-compaies-itat-taxscan.webp "Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCITs Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]")
Centre Notifies Income Tax Exemption for Uttarakhand Pollution Control Board from AY 2025-26 Onwards [Read Notification]
The Central Board of Direct Taxes (CBDT), functioning under the Ministry of Finance has notified income tax exemption for the Uttarakhand Pollution Control Board. The exemption, applicable from the...
![Centre Notifies Income Tax Exemption for Uttarakhand Pollution Control Board from AY 2025-26 Onwards [Read Notification]](https://images.taxscan.in/h-upload/2025/08/08/500x300_2074563-centre-notifies-income-tax-exemption-uttarakhand-pollution-control-board-taxscan.webp "Centre Notifies Income Tax Exemption for Uttarakhand Pollution Control Board from AY 2025-26 Onwards [Read Notification]")
![[BREAKING] Central Govt withdraws Proposed Income Tax Bill, 2025: Know Why](https://images.taxscan.in/h-upload/2025/08/08/500x300_2074547-income-tax-bill-2025.webp "[BREAKING] Central Govt withdraws Proposed Income Tax Bill, 2025: Know Why")
CIT(A) Mistakes Appeal Against 143(1) Intimation as u/s 154 Order: ITAT Sets Aside Dismissal, Remands for Fresh Adjudication on 80P Deduction [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an order by the Commissioner of Income Tax (Appeals) ( CITA (A) ) and observed that the appeal filed was...
![CIT(A) Mistakes Appeal Against 143(1) Intimation as u/s 154 Order: ITAT Sets Aside Dismissal, Remands for Fresh Adjudication on 80P Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/08/08/500x300_2074313-fresh-adjudication-taxscan.webp "CIT(A) Mistakes Appeal Against 143(1) Intimation as u/s 154 Order: ITAT Sets Aside Dismissal, Remands for Fresh Adjudication on 80P Deduction [Read Order]")
Tax Consultant’s Negligence and Rural Location Causes 253-Day Appeal Delay: ITAT Remands Cash Deposit Case for fresh Adjudication [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has condoned a delay of 253 days in filing an appeal and observed that the delay was due to the assessee’s location in a backward...
![Tax Consultant’s Negligence and Rural Location Causes 253-Day Appeal Delay: ITAT Remands Cash Deposit Case for fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/08/08/500x300_2074308-tax-consultants-negligence-tax-consultants-negligence-and-rural-location-causes-taxscan.webp "Tax Consultant’s Negligence and Rural Location Causes 253-Day Appeal Delay: ITAT Remands Cash Deposit Case for fresh Adjudication [Read Order]")