CBI Court Sentences Chief Commissioner and Income Tax Officer to Four Years in Prison for Bribery
A special CBI court in Jodhpur has sentenced P.K. Sharma, Chief Commissioner of Income Tax (CCIT), Jodhpur, and Shailendra Bhandari, Income Tax...
![Service Tax Disallowed u/s 43B from Existing Tax Audit Report Without Fresh Material: ITAT quashes Erroneous Reassessment by AO [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091269-itat-itat-ahmedabad-income-tax-audit-report-income-tax-return-taxscan.webp "Service Tax Disallowed u/s 43B from Existing Tax Audit Report Without Fresh Material: ITAT quashes Erroneous Reassessment by AO [Read Order]")
![Addition of Rs. 1,17,538/- u/s 68 for Penny Stock Transactions: ITAT Deletes Addition as Assessee Incurred Short-Term Capital Loss, Not LTCG [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091295-short-term-capital-loss-taxscan.webp "Addition of Rs. 1,17,538/- u/s 68 for Penny Stock Transactions: ITAT Deletes Addition as Assessee Incurred Short-Term Capital Loss, Not LTCG [Read Order]")
![ITRs, Cash Books & Bank Records Proved Income: Delhi HC Upholds Income Tax Deletion of ₹2.8 Cr Demonetization Cash Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091317-demonetization-itat-cash-deposits-taxscan.webp "ITRs, Cash Books & Bank Records Proved Income: Delhi HC Upholds Income Tax Deletion of ₹2.8 Cr Demonetization Cash Addition [Read Order]")
![Rs. 3.5 Lakh Gift from Daughter Treated as Unexplained Cash by AO: ITAT Deletes Addition, Accepts Source as Genuine [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091288-itat-income-tax-act-itat-delhi-cash-gift-father-and-father-in-law-taxable-under-income-tax-act-taxscan.webp "Rs. 3.5 Lakh Gift from Daughter Treated as Unexplained Cash by AO: ITAT Deletes Addition, Accepts Source as Genuine [Read Order]")
![Trust Income to be Taxed at Normal Rate as Sole Beneficiary had No Taxable Income: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091291-trust-income-normal-rate-sole-beneficiary-no-taxable-income-itat-taxscan.webp "Trust Income to be Taxed at Normal Rate as Sole Beneficiary had No Taxable Income: ITAT [Read Order]")
Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]
In a recent ruling, the Supreme Court of India dismissed a plea challenging the expanded definition of “Sikkimese” under Section 10(26AAA) of the Income Tax Act, 1961, and clarified that the change...
![Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091389-supreme-court-income-tax-supreme-court-dismisses-plea-taxscan.webp "Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]")
‘Income Tax Data Exists for Publicity, Not for Accountability’: RTI Response on ITR Filings Data Sparks Transparency Uproar
A recent Right to Information (RTI) response from the Income Tax Department’s Centralized Processing Centre (CPC) in Bengaluru has triggered widespread debate over data transparency and public ...
ITAT Dismisses Revenue’s Appeal on Business Loss, Rules CBDT Exception for Bogus LTCG/STCL from Penny Stocks Inapplicable [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal for the Assessment Year 2013-14, holding that the loss from share trading was a business loss and that the...
![ITAT Dismisses Revenue’s Appeal on Business Loss, Rules CBDT Exception for Bogus LTCG/STCL from Penny Stocks Inapplicable [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091274-business-loss-taxscan.webp "ITAT Dismisses Revenue’s Appeal on Business Loss, Rules CBDT Exception for Bogus LTCG/STCL from Penny Stocks Inapplicable [Read Order]")
80G Approval Rejected over Religious Object: ITAT Directs CIT(E) to Verify 5% Spending Limit [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed Commissioner of Income Tax(Exemption)[CIT(E)] to verify whether the assessee had exceeded the 5% limit of income spent on...
![80G Approval Rejected over Religious Object: ITAT Directs CIT(E) to Verify 5% Spending Limit [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091292-itat-ahmedabad-80-taxscan.webp "80G Approval Rejected over Religious Object: ITAT Directs CIT(E) to Verify 5% Spending Limit [Read Order]")
Income Tax Reassessment Order Passed without Considering Assessee’s plea: Delhi HC Directs to approach CIT(A) [Read Order]
In a recent case, the Delhi High Court Income Tax Reassessment Order passed without considering the Assessee’s plea: Delhi HC Directs to approach CIT(A). The assessee has a remedy against the...
![Income Tax Reassessment Order Passed without Considering Assessee’s plea: Delhi HC Directs to approach CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091334-income-tax-income-tax-reassessment-reassessment-order-taxscan.webp "Income Tax Reassessment Order Passed without Considering Assessee’s plea: Delhi HC Directs to approach CIT(A) [Read Order]")