![Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096632-disallowance-of-depreciation-on-apartment-depreciation-on-apartment-taxscan.webp "Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]")
Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) remitted a matter relating to the disallowance of Rs. 49.31 lakh depreciation under...
![Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/250x150_2096664-incremental-paid-disallowed-excess-us-40a2b-itat-documentary-verification-taxscan.webp "Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]")
![Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/250x150_2096646-real-expenditure-goods-received-despite-invoices-itat-bogus-purchases-disallowance-taxscan.webp "Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]")
![Pre-Diwali ITR Audit Report Filing Rush Breaks Income Tax e-Filing Portal: Complaints Raised by CAs on Upload Failure [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/250x150_2096598-itr-filing-taxscan.webp "Pre-Diwali ITR Audit Report Filing Rush Breaks Income Tax e-Filing Portal: Complaints Raised by CAs on Upload Failure [Read Order]")
![Lack of proper opportunity to explain Bogus Creditors: ITAT Remits Matter with One more Opportunity [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/250x150_2096576-bogus-purchase-taxscan.webp "Lack of proper opportunity to explain Bogus Creditors: ITAT Remits Matter with One more Opportunity [Read Order]")
Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) deleted a 3.31 crore addition on the ground that the difference between the stamp duty and the purchase consideration on the flat was within...
![Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096575-stamp-duty-value-itat-income-tax-addition-taxscan.webp "Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]")
![Bogus Loan Entry: ITAT upholds Reopening under Revised Section 147 [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096579-bogus-loan.webp "Bogus Loan Entry: ITAT upholds Reopening under Revised Section 147 [Read Order]")
Director Alone Cannot be prosecuted under Income Tax Act for Transferring Company assets to Daughter in law without consideration: Delhi HC [Read Order]
In a recent case, the Delhi High Court has held that the director alone cannot be prosecuted under Income Tax Act, 1961, for transferring company assets to the daughter-in-law without consideration....
![Director Alone Cannot be prosecuted under Income Tax Act for Transferring Company assets to Daughter in law without consideration: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096451-income-tax-act-law-delhi-hc-taxscan.webp "Director Alone Cannot be prosecuted under Income Tax Act for Transferring Company assets to Daughter in law without consideration: Delhi HC [Read Order]")
Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently clarified that mere retention of cash in hand for a long time, where the source is explained and documented does not, by itself,...
![Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096305-cash-in-hand-itat-income-tax-addition-taxscan.webp "Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]")
Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment notices issued under Section 148 of the Income Tax act on the legal ground of being barred by limitation.Sanjay...
![Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096246-reassessment-notice-taxscan.webp "Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]")
Canada Launches World's First Automatic Tax Filing System for Low-Income Citizens: Can India Replicate This Digital Welfare Revolution?
Canada has taken a groundbreaking step in digital governance by announcing the world's first comprehensive automatic tax filing system for low-income citizens, a move that could serve as a...
