Income Tax Act
![Bogus Purchase Addition Without Adequate Verification: ITAT Restores ₹8.79 Lakh Matter to AO for Re-adjudication with Opportunity to Taxpayer [Read Order]](https://images.taxscan.in/h-upload/2025/07/28/500x300_2069863-itat-ahmedabad-income-tax-bogus-purchases-citing-genuine-sales-taxscan-1.webp "Bogus Purchase Addition Without Adequate Verification: ITAT Restores ₹8.79 Lakh Matter to AO for Re-adjudication with Opportunity to Taxpayer [Read Order]")
Bogus Purchase Addition Without Adequate Verification: ITAT Restores ₹8.79 Lakh Matter to AO for Re-adjudication with Opportunity to Taxpayer [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter involving bogus purchase addition of Rs. 8.79 lakh to the...
![Karnataka HC Disposes Himalaya Drug Company Appeal as Assessment Held Time-Barred u/s 144C(13) of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069411-himalaya-drug-company-tax-appeal.webp "Karnataka HC Disposes Himalaya Drug Company Appeal as Assessment Held Time-Barred u/s 144C(13) of Income Tax Act [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]")
![Cash Loan above ₹20,000 Not Legally Enforceable: Kerala High Court Acquits Accused in Cheque Bounce Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069330-cash-loan-taxscan.webp "Cash Loan above ₹20,000 Not Legally Enforceable: Kerala High Court Acquits Accused in Cheque Bounce Case [Read Order]")
CBDT grants Income Tax Exemption to Andhra Pradesh and Puducherry Building and Other Construction Workers Welfare Board [Read Notification]
The Central Board of Direct Taxes (CBDT) has granted income tax exemption under Section 10(46) of the Income Tax Act, 1961 to the Andhra Pradesh Building and Other Construction Workers Welfare...
![CBDT grants Income Tax Exemption to Andhra Pradesh and Puducherry Building and Other Construction Workers Welfare Board [Read Notification]](https://images.taxscan.in/h-upload/2025/07/24/500x300_2068406-income-tax-exemption-income-share-transactions-undisclosed-income-income-tax-itat-taxscan-1.webp "CBDT grants Income Tax Exemption to Andhra Pradesh and Puducherry Building and Other Construction Workers Welfare Board [Read Notification]")
![Greater Ludhiana Area Development Authority Receives Tax Exemption from CBDT [Read Notification]](https://images.taxscan.in/h-upload/2025/07/24/500x300_2068347-cbdt-mutual-funds-self-reporting-organizations-sros-taxscan-1.webp "Greater Ludhiana Area Development Authority Receives Tax Exemption from CBDT [Read Notification]")
Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]
The High Court of Calcutta, ruled that market value for Section 80-IA deductions of the Income Tax Act,1961 should be based on the tariff applicable to industrial consumers, not the rate at which...
![Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/500x300_2068128-electricity-board-taxscan.webp "Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]")
Depreciation Claim u/s 32 of ITA Allowable on Actual Cost of Assets Taken Over from Dissolved Firm: Madras HC [Read Order]
The High Court of Madras, held that depreciation claim under Section 32 of Income Tax Act,1961,is allowable on actual cost of assets taken over from a dissolved firm. Sundaram Spinning Mills (P)...
![Depreciation Claim u/s 32 of ITA Allowable on Actual Cost of Assets Taken Over from Dissolved Firm: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/500x300_2068103-itat-assessment-depreciation-section-263-taxscan-.webp "Depreciation Claim u/s 32 of ITA Allowable on Actual Cost of Assets Taken Over from Dissolved Firm: Madras HC [Read Order]")
Assessee’s Non-Compliance before AO & CIT(A): ITAT slaps ₹5,000 Costs and Remands ₹3.2 Cr Income Tax Addition, ₹1.07 Cr Penalty Issue [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a matter back to the Commissioner of Income Tax (Appeals) ( CIT(A) ) for fresh adjudication, due to the non-compliance...
![Assessee’s Non-Compliance before AO & CIT(A): ITAT slaps ₹5,000 Costs and Remands ₹3.2 Cr Income Tax Addition, ₹1.07 Cr Penalty Issue [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/500x300_2068072-income-tax-addition-penalty-issue-taxscan.webp "Assessee’s Non-Compliance before AO & CIT(A): ITAT slaps ₹5,000 Costs and Remands ₹3.2 Cr Income Tax Addition, ₹1.07 Cr Penalty Issue [Read Order]")
S.12A Registration Declined Due to No Proof of Charitable Activities: ITAT Remands Matter to CIT(E) for Verification of Documents [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order passed by the Commissioner of Income Tax (Exemptions) ( CIT(E) ) rejecting registration under Section...
![S.12A Registration Declined Due to No Proof of Charitable Activities: ITAT Remands Matter to CIT(E) for Verification of Documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/500x300_2067913-itat-itat-ahmedabad-itat-remands-case-income-tax-appellate-tribunal-taxscan.webp "S.12A Registration Declined Due to No Proof of Charitable Activities: ITAT Remands Matter to CIT(E) for Verification of Documents [Read Order]")
SCN issued under Income Tax Act due to Failure on part of Accountant: Calcutta HC Dismisses Challenge Against order passed u/s 144 B on availability of Statutory Remedy [Read Order]
The Calcutta High Court dismissed the challenge against the order passed under section 144 B of the Income Tax Act, 1961, on the availability of statutory remedy. The bench found that the show cause...
![SCN issued under Income Tax Act due to Failure on part of Accountant: Calcutta HC Dismisses Challenge Against order passed u/s 144 B on availability of Statutory Remedy [Read Order]](https://images.taxscan.in/h-upload/2025/06/24/500x300_2053989-scn-income-tax-act-accountant-calcutta-hc-statutory-remedy-taxscan.webp "SCN issued under Income Tax Act due to Failure on part of Accountant: Calcutta HC Dismisses Challenge Against order passed u/s 144 B on availability of Statutory Remedy [Read Order]")