Income Tax Dept Uses Non-Filer Monitoring System to Track High-Value Transactions
The Income Tax Department has taken a major step to track people who carry out large financial transactions but do not file income tax returns. To ...
![S. 54 Exemption cannot Be Denied Solely for Delay in Property Registration when Capital Gains are Timely Reinvested: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/250x150_2113849-exemption-denied-solely-delay-property-registration-capital-gains-timely-reinvested-itat-taxscan.webp "S. 54 Exemption cannot Be Denied Solely for Delay in Property Registration when Capital Gains are Timely Reinvested: ITAT [Read Order]")
![CIT(A) Failed to Consider Filed Evidence: ITAT Restores Income Tax Appeal With Cost to PM Relief Fund [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/250x150_2113722-cita-failed-consider-filed-evidence-itat-restores-income-tax-appeal-cost-pm-relief-fund-taxscan.webp "CIT(A) Failed to Consider Filed Evidence: ITAT Restores Income Tax Appeal With Cost to PM Relief Fund [Read Order]")
![No 115JB Adjustment for Section 14A: ITAT Upholds CIT(A)s ₹71 Lakh Cap [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/250x150_2113730-no-115jb-adjustment-section-14a-taxscan.jfif "No 115JB Adjustment for Section 14A: ITAT Upholds CIT(A)s ₹71 Lakh Cap [Read Order]")
![Disallowance of Expenditure Written off deleted Without Examining Commercial Rationale and Nature of Loss: ITAT Remands Matter [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/250x150_2113756-disallowance-expenditure-written-off-taxscan.webp "Disallowance of Expenditure Written off deleted Without Examining Commercial Rationale and Nature of Loss: ITAT Remands Matter [Read Order]")
ITAT Dismisses Revenue Appeal on ‘Additional Evidence’ Ground, Upholds CIT(A) Direction for Full Form-26AS TDS Credit After Verification [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeals challenging the order directing verification and grant of full tax deducted at source credit for three...
![ITAT Dismisses Revenue Appeal on ‘Additional Evidence’ Ground, Upholds CIT(A) Direction for Full Form-26AS TDS Credit After Verification [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113724-itat-dismisses-revenue-appeal-additional-evidence-ground-upholds-cita-direction-full-form-26as-tds-credit-after-verification-taxscan.webp "ITAT Dismisses Revenue Appeal on ‘Additional Evidence’ Ground, Upholds CIT(A) Direction for Full Form-26AS TDS Credit After Verification [Read Order]")
Difference in Sales between Ledger and P&L Account Explained by VAT, Service Tax and other receipts: ITAT Deletes ₹13.61 Cr Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted an addition of ₹13,61,47,346 made by the Assessing Officer (AO) on account of alleged differences between sales registered in the ...
![Difference in Sales between Ledger and P&L Account Explained by VAT, Service Tax and other receipts: ITAT Deletes ₹13.61 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113732-vat-service-tax-itat-taxscan.jfif "Difference in Sales between Ledger and P&L Account Explained by VAT, Service Tax and other receipts: ITAT Deletes ₹13.61 Cr Addition [Read Order]")
![ITAT Deletes S.56(2)(x) Addition, Finds No Basis for Price Suppression in State Govt Sale [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113721-itat-deletes-s562x-addition-finds-basis-price-suppression-state-govt-sale-taxscan.webp "ITAT Deletes S.56(2)(x) Addition, Finds No Basis for Price Suppression in State Govt Sale [Read Order]")
Sanction u/s 151 of Income Tax Act Neither Appealable nor Revisable, Attains Finality: Uttarakhand HC [Read Order]
The Uttarakhand High Court has ruled that a sanction granted or refused under Section 151 of the Income Tax Act, 1961 is neither appealable nor revisable and therefore attains finality. The...
![Sanction u/s 151 of Income Tax Act Neither Appealable nor Revisable, Attains Finality: Uttarakhand HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113754-sanction-us-151-income-tax-act-neither-appealable-revisable-attains-finality-uttarakhand-hc-taxscan.webp "Sanction u/s 151 of Income Tax Act Neither Appealable nor Revisable, Attains Finality: Uttarakhand HC [Read Order]")
Mutual Fund Stock-in-Trade Investments Must Be Excluded while Computing Disallowance u/s 14A: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ), held that mutual fund investments treated as stock-in-trade must be excluded while computing disallowance under Section 14A of the Income...
![Mutual Fund Stock-in-Trade Investments Must Be Excluded while Computing Disallowance u/s 14A: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113723-mutual-fund-stock-trade-investments-computing-disallowance-14a-itat-taxscan.webp "Mutual Fund Stock-in-Trade Investments Must Be Excluded while Computing Disallowance u/s 14A: ITAT [Read Order]")
11.54% TDS on NRI Share Transfers u/s 112(1)(c)(iii): ITAT Rejects Revenue’s ₹2.37 Crore Default Claim Against Godrej Agrovet [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), held that lower deduction rate of 11.54% under Section 112(1)(c)(iii) of the Income Tax Act, 1961 on long-term capital gains arising...
![11.54% TDS on NRI Share Transfers u/s 112(1)(c)(iii): ITAT Rejects Revenue’s ₹2.37 Crore Default Claim Against Godrej Agrovet [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113749-tds-nri-share-transfers-itat-rejects-revenue-default-claim-godrej-agrovet-taxscan.webp "11.54% TDS on NRI Share Transfers u/s 112(1)(c)(iii): ITAT Rejects Revenue’s ₹2.37 Crore Default Claim Against Godrej Agrovet [Read Order]")