'Tax Year’ Replaces ‘Assessment Year’ Under New Income Tax Act: What Taxpayers Should Know
The new Income Tax Act,2025 will come into force from 1 April 2026. The law removes the concept of Assessment Year and replaces it with Tax Year. The...
![ITAT Quashes Tax Assessment Against Non-Existent Entity, Cites Invalid Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Cites-Invalid-Jurisdiction-ITAT-Quashes-Tax-Assessment-taxscan.jpg "ITAT Quashes Tax Assessment Against Non-Existent Entity, Cites Invalid Jurisdiction [Read Order]")
![Entire Amount of Assessed Tax has to be Paid In Absence of Amnesty Schemes: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Entire-Amount-Assessed-Tax-Absence-Amnesty-Schemes-Kerala-HC-taxscan.jpg "Entire Amount of Assessed Tax has to be Paid In Absence of Amnesty Schemes: Kerala HC [Read Order]")
Purchases Supported by Bills, Entries Made in Books and Payment made by Cheque not Bogus: ITAT [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) in Ahmedabad has affirmed that purchases supported by proper documentation—such as bills, recorded entries in books of accounts,...
![Purchases Supported by Bills, Entries Made in Books and Payment made by Cheque not Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Ahmedabad-ITAT-ruling-on-bill-supported-purchases-TAXSCAN-1.jpg "Purchases Supported by Bills, Entries Made in Books and Payment made by Cheque not Bogus: ITAT [Read Order]")
Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]
In a recent judgment, the Income Tax Appellate Tribunal ( ITAT ) Delhi Bench "B" ruled in favor of an assessee and directed the matter regarding ad hoc income tax disallowances to be re-examined by...
![Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Ad-Hoc-Income-Tax-Income-tax-Income-Tax-Disallowance-Disregard-of-Additional-Evidence-taxscan.jpg "Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]")
Madras HC Instructs CIT(A) to Expedite Appeals of Educational Trust in Rs. 3.98 Crore Income Tax Demand within 6 Months [Read Order]
The Madras High Court instructed the Commissioner of Income Tax (Appeals) [CIT(A)] to expedite the appeals filed by the Educational Trust in Rs. 3.98 crore income tax demand within 6 months. Two...
![Madras HC Instructs CIT(A) to Expedite Appeals of Educational Trust in Rs. 3.98 Crore Income Tax Demand within 6 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-HC-CITA-Educational-Trust-Income-Tax-Demand-taxscan.jpg "Madras HC Instructs CIT(A) to Expedite Appeals of Educational Trust in Rs. 3.98 Crore Income Tax Demand within 6 Months [Read Order]")
GST Demand Order issued Completely on Different Basis from SCN: Madras HC Orders Fresh Proceedings [Read Order]
In a recent ruling, the Madras High Court set aside the Goods and Services Tax ( GST ) demand order issued completely on a different basis from the Show Cause Notice ( SCN ). The court ordered fresh...
![GST Demand Order issued Completely on Different Basis from SCN: Madras HC Orders Fresh Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/GST-Demand-Order-Completely-Different-Basis-from-SCN-Madras-HC-Orders-Proceedings-taxscan.jpg "GST Demand Order issued Completely on Different Basis from SCN: Madras HC Orders Fresh Proceedings [Read Order]")
Delhi High Court upholds Income Tax Department decision to Transfer Tax Assessment of Congress Leaders, AAP, Charitable Trusts to Central Circle [Read Order]
The Delhi High Court dismissed a batch of petitions by Rahul Gandhi, Sonia Gandhi, Priyanka Gandhi Vadra, Aam Aadmi Party (AAP), and other and other charitable trusts challenging the Income...
![Delhi High Court upholds Income Tax Department decision to Transfer Tax Assessment of Congress Leaders, AAP, Charitable Trusts to Central Circle [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Delhi-High-Court-Income-Tax-Department-Transfer-Tax-Assessment-Tax-Assessment-Congress-Leaders-AAP-Charitable-Trusts-Charitable-Trusts-to-Central-Circle-taxscan.jpg "Delhi High Court upholds Income Tax Department decision to Transfer Tax Assessment of Congress Leaders, AAP, Charitable Trusts to Central Circle [Read Order]")
