![ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069358-fraudulent-capital-gain-capital-gain-itat-taxscan.webp "ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]")
ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Short Term Capital Gains (STCG) addition and allowed Long Term Capital...
![Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069350-disallowance-taxscan.webp "Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]")
![Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069304-scn-income-tax-taxscan.webp "Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]")
![Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069282-itat-itat-mumbai-income-tax-income-tax-reassessment-director-general-pcit-pccit-approval-director-general-approval-taxscan-1.webp "Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]")
![₹25 Lakh Loan from Unverified Entity: Delhi HC Dismisses Income Tax Appeal for Lack of Genuineness and Creditworthiness [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/250x150_2068969-loan-from-unverified-entity-unverified-entity-delhi-hc-delhi-hc-dismisses-income-tax-appeal-taxscan.webp "₹25 Lakh Loan from Unverified Entity: Delhi HC Dismisses Income Tax Appeal for Lack of Genuineness and Creditworthiness [Read Order]")
Income Tax Dept has No Statutory Power to Cancel Sale Deeds : Madras HC Quashes Attachment Order [Read Order]
The Madras High Court, while quashing the attachment order passed by the TaxRecovery Officer ( TRO ), ruled that there is no statutory provision in favour of the income tax department to annul or...
![Income Tax Dept has No Statutory Power to Cancel Sale Deeds : Madras HC Quashes Attachment Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/500x300_2068953-income-tax-department-cancel-sale-deeds-taxscan.webp "Income Tax Dept has No Statutory Power to Cancel Sale Deeds : Madras HC Quashes Attachment Order [Read Order]")
CBI Nabs Assistant Director (IRS) of Income Tax Dept and Other Two Red Handed while Accepting ₹2 Lakh Bribe
The Central Bureau of Investigation ( CBI ) has arrested three officials of the Income Tax Department, including an Assistant Director (IRS), an Inspector, and a Multi-Tasking Staff (MTS), on...
Denial of Hearing Despite Prior Direction of Coordinate Bench: Calcutta HC Sets Aside Income Tax Order, Remands Matter to NFAC [Read Order]
The High Court of Calcutta, set aside the income tax order passed under Section 250 of the Income Tax Act,1961 and remanded the matter to the National Faceless Appeal Centre (NFAC), observing that...
![Denial of Hearing Despite Prior Direction of Coordinate Bench: Calcutta HC Sets Aside Income Tax Order, Remands Matter to NFAC [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/500x300_2068876-calcutta-high-court-nfac-income-tax-taxscan.webp "Denial of Hearing Despite Prior Direction of Coordinate Bench: Calcutta HC Sets Aside Income Tax Order, Remands Matter to NFAC [Read Order]")
Religious Activity Struck Down in Trust Deed: ITAT Holds Charitable Nature for S. 80G Approval Citing Non Violation of 5% Threshold Limit [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) held that the trust qualifies for approval under Section 80G ofthe Income Tax Act, 1961, as the religious clause in its deed was struck off...
![Religious Activity Struck Down in Trust Deed: ITAT Holds Charitable Nature for S. 80G Approval Citing Non Violation of 5% Threshold Limit [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/500x300_2068814-itat-surat-threshold-limit-trust-taxscan.webp "Religious Activity Struck Down in Trust Deed: ITAT Holds Charitable Nature for S. 80G Approval Citing Non Violation of 5% Threshold Limit [Read Order]")
Mere Upload of Notice in Income Tax Portal Not a Valid Service: ITAT Quashes Assessment Order, Citing Lack of Real Time Alert [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) held that the Income Tax Department’s practice of merely uploading a notice on the e-filing portal, without issuing a real-time alert or ...
![Mere Upload of Notice in Income Tax Portal Not a Valid Service: ITAT Quashes Assessment Order, Citing Lack of Real Time Alert [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/500x300_2068825-assessment-order-itat-taxscan.webp "Mere Upload of Notice in Income Tax Portal Not a Valid Service: ITAT Quashes Assessment Order, Citing Lack of Real Time Alert [Read Order]")
Penalty u/s 271(1)(c) Imposed During Pendency of Quantum Appeal: ITAT Terms It Premature, Sets Aside Order [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the penalty order passed under Section 271(1)(c) of Income Tax Act,1961, noting that it was imposed while the quantum appeal...
![Penalty u/s 271(1)(c) Imposed During Pendency of Quantum Appeal: ITAT Terms It Premature, Sets Aside Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/24/500x300_2068587-penalty-appeal-taxscan.webp "Penalty u/s 271(1)(c) Imposed During Pendency of Quantum Appeal: ITAT Terms It Premature, Sets Aside Order [Read Order]")