Laksita P
![Charitable Trust’s Income Tax Exemption Disallowed by CPC without Prior Intimation: ITAT Restores Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/500x300_2123958-charitable-trusts-income-tax-exemption-disallowed-cpc-without-prior-intimation-itat-restores-matter-ao-taxscan.webp "Charitable Trust’s Income Tax Exemption Disallowed by CPC without Prior Intimation: ITAT Restores Matter to AO [Read Order]")
Charitable Trust’s Income Tax Exemption Disallowed by CPC without Prior Intimation: ITAT Restores Matter to AO [Read Order]
The Income Tax Appellate Tribunal(ITAT), Jodhpur Bench, held that denying exemption claimed by charitable trust under Section 11 during processing by...
![ITAT Condones 63 Day-Delayed Appeal due to Hospitalization, Remands ₹67L Income Tax Deduction Claim u/s 80IB [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/250x150_2123879-itat-condones-63-day-delayed-appeal-due-to-hospitalization.webp "ITAT Condones 63 Day-Delayed Appeal due to Hospitalization, Remands ₹67L Income Tax Deduction Claim u/s 80IB [Read Order]")
![Punjab and Haryana HC Denies Bail to 70-Yr Old Advocate Accused of Demanding ₹30L Bribe for securing Favourable Judicial Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/250x150_2123838-punjab-haryana-hc-denies-bail-old-advocate-accused-demanding-bribe-securing-favourable-judicial-order-taxscan.webp "Punjab and Haryana HC Denies Bail to 70-Yr Old Advocate Accused of Demanding ₹30L Bribe for securing Favourable Judicial Order [Read Order]")
![₹1.38 Cr Income Tax Addition on Unaccounted Profit from Business Transaction: ITAT Directs Fresh Adjudication by CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123601-itat-new-delhi-income-tax-addition-unaccounted-profit-business-transaction-fresh-adjudication-cita-taxscan.webp "₹1.38 Cr Income Tax Addition on Unaccounted Profit from Business Transaction: ITAT Directs Fresh Adjudication by CIT(A) [Read Order]")
![Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123555-standard-assets-eligible-deduction-us-36-1viia-itat-quashes-income-tax-proceedings-against-bajaj-finance-taxscan.webp "Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]")
Union Budget 2026-27: Small Taxpayers to Obtain Lower or Nil Deduction Certificates Without Approaching the Assessing Officer [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). The finance minister proposed the...
![Union Budget 2026-27: Small Taxpayers to Obtain Lower or Nil Deduction Certificates Without Approaching the Assessing Officer [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123084-union-budget-2026-27-small-taxpayers-obtain-lower-nil-deduction-certificates-assessing-officer-taxscan.webp "Union Budget 2026-27: Small Taxpayers to Obtain Lower or Nil Deduction Certificates Without Approaching the Assessing Officer [Read Finance Bill 2026]")
Major Tax Changes in IT Sector: Safe harbour threshold increased from ₹300 crore to ₹2,000 crore [Read Finance Bill 2016]
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). The Union budget 2026-27 proposed major...
![Major Tax Changes in IT Sector: Safe harbour threshold increased from ₹300 crore to ₹2,000 crore [Read Finance Bill 2016]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122949-major-tax-changes-it-sector-safe-harbour-threshold-increased-taxscan.webp "Major Tax Changes in IT Sector: Safe harbour threshold increased from ₹300 crore to ₹2,000 crore [Read Finance Bill 2016]")
Budget 2026-27: Amendment to S. 34 of CGST Act Clarifies Validity of Credit Notes for Post-Sale Discounts [Read Finance Bill 2026]
Section 34 of the Central Goods and Services Tax (CGST) Act, 2017 deals with the issuance of credit notes and debit note by the suppliers. Under this section, a supplier may issue a credit note when...
![Budget 2026-27: Amendment to S. 34 of CGST Act Clarifies Validity of Credit Notes for Post-Sale Discounts [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123016-budget-2026-27-amendment-s-34-of-cgst-act-credit-notes-post-sale-discounts-taxscan.webp "Budget 2026-27: Amendment to S. 34 of CGST Act Clarifies Validity of Credit Notes for Post-Sale Discounts [Read Finance Bill 2026]")
Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]
The Income Tax Appellate Tribunal, (ITAT), Pune Bench, held that the interest income earned by a Co-operative society from investment made with another Co-operative society is eligible for ...
![Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122603-interest-investment-co-operative-society-another-co-operative-society-taxscan.jfif "Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]")
AO & CIT(A) Denied Hearing in Income Tax Assessment: ITAT Directs De Novo Speaking Order for ₹17L Addition u/s 69A [Read Order]
The Income Tax Appellate Tribunal(ITAT), Lucknow bench, directed an Assessment officer (AO) to issue a De Novo Speaking Order for addition of ₹17,94,286 under section 69A of Income Tax Act, 1961,...
![AO & CIT(A) Denied Hearing in Income Tax Assessment: ITAT Directs De Novo Speaking Order for ₹17L Addition u/s 69A [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122502-ao-cit-a-denied-hearing-income-tax-assessment-itat-directs-de-novo-speaking-order-17l-addition-69a-taxscan.webp "AO & CIT(A) Denied Hearing in Income Tax Assessment: ITAT Directs De Novo Speaking Order for ₹17L Addition u/s 69A [Read Order]")
