![Application of S. 115BBE without Linking to Proper Charging Provision u/s 68-69D is Not Valid: ITAT deletes Rs. 1cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085746-income-tax-addition-taxscan.webp "Application of S. 115BBE without Linking to Proper Charging Provision u/s 68-69D is Not Valid: ITAT deletes Rs. 1cr Addition [Read Order]")
Application of S. 115BBE without Linking to Proper Charging Provision u/s 68-69D is Not Valid: ITAT deletes Rs. 1cr Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down an addition of ₹1 crore made under Section 115BBE of the Income Tax...
![Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/250x150_2085741-income-tax-penalty-taxscan.webp "Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]")
![Karnataka HC upholds ITAT ruling Classifying Toyota Tsusho India Pvt ltd as Not a Wholesale Trader [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085642-karnataka-high-court-karnataka-hc-upholds-itat-ruling-toyota-tsusho-india-pvt-ltd-taxscan.webp "Karnataka HC upholds ITAT ruling Classifying Toyota Tsusho India Pvt ltd as Not a Wholesale Trader [Read Order]")
![Belated Return Not a Bar on Carry Forward of Depreciation: ITAT Confirms Rs. 2.38 Crore as Unabsorbed Depreciation [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085607-itat-ahmedabad-depreciation-itat-confirms-taxscan.webp "Belated Return Not a Bar on Carry Forward of Depreciation: ITAT Confirms Rs. 2.38 Crore as Unabsorbed Depreciation [Read Order]")
Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled on the eligibility of deductions claimed by a co-operative credit society in respect of interest earned from deposits with co-operative...
![Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085594-deduction-co-operative-bank-deposits-rrb-taxscan.webp "Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]")
![Supreme Court Defers Verdict on Vodafone’s ₹191 Crore Income Tax Deduction Claim u/s 80IA [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085588-supreme-court-income-tax-taxscan.webp "Supreme Court Defers Verdict on Vodafone’s ₹191 Crore Income Tax Deduction Claim u/s 80IA [Read Order]")
Once Corporate Debtor is Sold as Going Concern, Only Claims Filed before Liquidator Survive: ITAT directs AO Re-examine Matter in Light of SC Ruling [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer to re-examine the issue of outstanding tax claims of the income tax department against a corporate...
![Once Corporate Debtor is Sold as Going Concern, Only Claims Filed before Liquidator Survive: ITAT directs AO Re-examine Matter in Light of SC Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085487-corporate-debtor-liquidator-itat-ao-taxscan.webp "Once Corporate Debtor is Sold as Going Concern, Only Claims Filed before Liquidator Survive: ITAT directs AO Re-examine Matter in Light of SC Ruling [Read Order]")
Income Tax Audit Report Due Date: ICAI CIRC seeks Extension citing "Complexities, Operational Challenges"
The Central India Regional Council (CIRC) of the Institute of Chartered Accountants of India (ICAI) has formally requested the Union Finance Ministry to extend the deadline for filing tax audit...
Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad held the treatment of the long-term capital gain (LTCG) from sale of shares by revenue as unexplained cash credit was unjustified as it failed...
![Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085493-itat-ltcg-shares.webp "Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]")
STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and Demat Proof Confirm Authenticity: ITAT deletes Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the genuineness of short-term capital gain (STCG) claimed by an assessee on the sale of shares, holding that when the...
![STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and Demat Proof Confirm Authenticity: ITAT deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085441-stcg-itat-taxscan.webp "STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and Demat Proof Confirm Authenticity: ITAT deletes Addition [Read Order]")
No Prejudice to Revenue as TDS Paid with Interest and Quarterly Returns Filed before 4th Quarter: ITAT finds Medical Grounds genuine, Waives Late Fee [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has waived late fees levied under Section 234E of the Income Tax Act, 1961, for delayed filing of quarterly TDS ( Tax Deducted at...
![No Prejudice to Revenue as TDS Paid with Interest and Quarterly Returns Filed before 4th Quarter: ITAT finds Medical Grounds genuine, Waives Late Fee [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085433-tds-itat-taxscan.webp "No Prejudice to Revenue as TDS Paid with Interest and Quarterly Returns Filed before 4th Quarter: ITAT finds Medical Grounds genuine, Waives Late Fee [Read Order]")