West Bengal to let go of Rs. 25 Cr GST Revenue as SBI shifts GMU to Mumbai
The proposed relocation of the State Bank of India’s (SBI) Global Market Unit (GMU) from Kolkata to Mumbai has triggered strong opposition from...
![Demonetization Period Cash Deposit: ITAT directs AO to Verify Source of ₹24L in SBI A/c [Read Order]](https://images.taxscan.in/h-upload/2025/06/06/250x150_2041554-unexplained-cash-deposit-penalty-income-tax-act-taxscan.webp "Demonetization Period Cash Deposit: ITAT directs AO to Verify Source of ₹24L in SBI A/c [Read Order]")
![Approval of Resolution Plan Cannot be rejected solely based on Withdrawal of Consent by One of Coc Members: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Resolution-Plan-NCLAT-Approval-of-Resolution-Plan-taxscan.jpg "Approval of Resolution Plan Cannot be rejected solely based on Withdrawal of Consent by One of Coc Members: NCLAT [Read Order]")
![ITAT Allows Section 80P Deduction for Kerala University Co-op Societys Bank Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Interest-Income-site-img.jpg "ITAT Allows Section 80P Deduction for Kerala University Co-op Societys Bank Interest Income [Read Order]")
ITAT Partly Allows Assessee's Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad, partly allowed the appeal filed by assessee, in relation to the unexplained cash deposits during the demonetization period for...
![ITAT Partly Allows Assessees Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Unexplained-Cash-Deposits-Section-69A-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-TAXSCAN.jpg "ITAT Partly Allows Assessees Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order]")
Disallowance of Deduction for Interest from Nationalized Bank u/s 80P(2)(a)(i): ITAT Remits Matter for Verification of Expenditure [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal filed by the assessee remitting the matter back to the Assessing Officer ( AO ) for verification of related...
![Disallowance of Deduction for Interest from Nationalized Bank u/s 80P(2)(a)(i): ITAT Remits Matter for Verification of Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Verification-of-Expenditure-Section-80P2ai-of-Income-Tax-Act-taxscan.jpg "Disallowance of Deduction for Interest from Nationalized Bank u/s 80P(2)(a)(i): ITAT Remits Matter for Verification of Expenditure [Read Order]")
Petition u/s 7 of IBC Has to be Decide first When Both Arbitration & Insolvency Petitions are Pending: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the petition under section 7 of Insolvency Bankruptcy Code ( IBC ),2016 has to be decided first when both...
Creditors have Right To File For Bankruptcy Beyond Threshold Timeline u/s 118 Of IBC: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal ( NCLAT ) dismissed appeals and held that the creditors have the right to file for bankruptcy beyond the threshold timeline under...
ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husband's Demise [Read Order]Â
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) sets aside the ex-parte order due to the assessee’s illness and husband's demise and grants a final hearing regarding the addition...
![ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Chandigarh-Income-Tax-Ex-parte-order-by-ITAT-TAXSCAN.jpeg "ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]Â")
Timelines under Regulation 35A for Avoidance Applications are Directory, Not Mandatory: Delhi High Court Rules in TATA Steel BSL Case [Read Order]
The Delhi High Court recently ruled in a case that the timelines given under Regulation 35A of the ( Insolvency Resolution Process for Corporate Persons ) Regulations, 2016 ( IBBI ) for applying...
