![Only 3 Out of 26 Gold Transactions Found Bogus: ITAT Orders Re-computation Based on Gross Profit Margin [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050015-gold-transactions-bogus-taxscan.webp "Only 3 Out of 26 Gold Transactions Found Bogus: ITAT Orders Re-computation Based on Gross Profit Margin [Read Order]")
Only 3 Out of 26 Gold Transactions Found Bogus: ITAT Orders Re-computation Based on Gross Profit Margin [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that only 3 out of 26 gold purchase transactions by Shah Traders were bogus and ...
![Re-Deposited Cash from Withdrawals Not Turnover: ITAT quashes Rs. 33.7 Lakh Income Addition [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2050031-re-deposited-cash-1.webp "Re-Deposited Cash from Withdrawals Not Turnover: ITAT quashes Rs. 33.7 Lakh Income Addition [Read Order]")
![“Sheer Ignorance of Law”: Himachal Pradesh HC Slams AO for Income Tax Order against Deceased Proprietor [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049797-income-tax-reassessment-notice-issued-against-dead-person-invalid-notice-taxscan.webp "“Sheer Ignorance of Law”: Himachal Pradesh HC Slams AO for Income Tax Order against Deceased Proprietor [Read Order]")
![Bulk Disposal Indicates Absence of Judicial Mind: ITAT Slams Income Tax Dept [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/250x150_2045572-itat-bulk-dispossal-taxscan.webp "Bulk Disposal Indicates Absence of Judicial Mind: ITAT Slams Income Tax Dept [Read Order]")
![Post-Midnight Search Confession by Non-Accounting Partner Unreliable Without Corroborative Evidence: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/250x150_2045327-corroborative-evidence-manufacture-and-removal-finished-goods-cestat-duty-demand-taxscan.webp "Post-Midnight Search Confession by Non-Accounting Partner Unreliable Without Corroborative Evidence: ITAT [Read Order]")
Buyer’s TDS Filing Error Won’t Deny NRI Seller's Full Credit: Delhi HC Orders Refund Processing [Read Order]
In a recent ruling, the Delhi High Court directed the Income Tax Department to grant full TDS credit to an NRI seller and process a refund, despite a mistake by the property buyer in filing the TDS...
![Buyer’s TDS Filing Error Won’t Deny NRI Sellers Full Credit: Delhi HC Orders Refund Processing [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044348-nri-lower-tds-nil-tds-nri-tds-income-income-earned-in-india-taxscan.webp "Buyer’s TDS Filing Error Won’t Deny NRI Sellers Full Credit: Delhi HC Orders Refund Processing [Read Order]")
![ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044201-mechanical-itat-assessment-application-of-mind-taxscan.webp "ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]")
Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]
In a recent case, the Delhi High Court has observed that merely claiming financial inability, without providing any further explanation or evidence, holds no weight and is clearly untenable. The ...
![Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044188-income-tax-return-taxscan.webp "Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]")
ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as 'House Property', Not 'Business Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi Bench has reaffirmed the principle of consistency in tax treatment by ruling that rental income earned from leasing property should be taxed under...
![ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043636-rental-income-taxscan.webp "ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]")
Relief for Sahara Asset: Madras HC Upholds ITAT Order Allowing Mutual Fund Promotion Expenses as Commercially Justified [Read Order]
The High Court of Madras, upheld the ITAT’s order allowing Sahara Asset Management Company Pvt. Ltd. to claim mutual fund promotion and Initial Public Offering (IPO) related expenses as commercially...
![Relief for Sahara Asset: Madras HC Upholds ITAT Order Allowing Mutual Fund Promotion Expenses as Commercially Justified [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043723-2041325-sahara.webp "Relief for Sahara Asset: Madras HC Upholds ITAT Order Allowing Mutual Fund Promotion Expenses as Commercially Justified [Read Order]")
Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]
In a recent case, the Income Tax Appellate Tribunal (ITAT) has held that option money to be treated as “Capital Receipt” and directed Assessing Officer (AO) to recompute capital gains on Dabur’s...
![Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043593-dabur.webp "Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]")
ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling directed the AssessingOfficer (AO) to accept the sales-based allocation of common expenses for computing deduction under...
![ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043143-sysmex-india-pvt-ltd-site-img.webp "ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]")