![Assessee Ineligible for Deduction under Section 54B in lieu of land purchases in Wife’s name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/land-purchase-in-Wifes-name.jpg "Assessee Ineligible for Deduction under Section 54B in lieu of land purchases in Wife’s name: ITAT [Read Order]")
Assessee Ineligible for Deduction under Section 54B in lieu of land purchases in Wife’s name: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) held that the assessee was ineligible for deduction under Section 54B of the...
![Notice u/s 148 of Income Tax Act Issued Beyond Limitation Period: Delhi HC Sets Aside Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Noticet.jpg "Notice u/s 148 of Income Tax Act Issued Beyond Limitation Period: Delhi HC Sets Aside Proceedings [Read Order]")
![ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Third-Party-Documents-site-img.jpg "ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]")
![Donations Must be Made to Research Institutes Registered u/s 35(1)(ii): ITAT Disallows 1.05 Cr Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/donation-ITAT-TAXSCAN.jpg "Donations Must be Made to Research Institutes Registered u/s 35(1)(ii): ITAT Disallows 1.05 Cr Deduction [Read Order]")
![Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/corporate-gift-site-img.jpg "Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]")
India-UAE DTAA Prevails: ITAT Allows 100% Deduction for Head Office Expenses, Bypasses Section 44C Restrictions [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the limitation under Section 44C of the Income Tax Act, 1961, is overridden by the provisions of the India-UAE Double...
![India-UAE DTAA Prevails: ITAT Allows 100% Deduction for Head Office Expenses, Bypasses Section 44C Restrictions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/India-UAE-DTAA-site-img.jpg "India-UAE DTAA Prevails: ITAT Allows 100% Deduction for Head Office Expenses, Bypasses Section 44C Restrictions [Read Order]")
ITAT Enforces CBDT Threshold: Revenue's Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, dismissed an appeal filed by the Revenue Department citing the Central Board of Direct Taxes (CBDT) monetary limit for filing appeals. The...
![ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CBDT-CBDT-announces-CBDT-announces-e-Dispute-Resolution-Scheme-Taxscan.jpg "ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]")
Nearly 5-Year Delay in Filing Defective ITRs Due to Financial Hardship: Bombay HC Allows Condonation on Condition [Read Order]
In a recent ruling, the Bombay High Court condoned a delay of nearly five years in filing defective Income Tax Returns (ITRs) for two assessment years, on the condition that the petitioner would not...
![Nearly 5-Year Delay in Filing Defective ITRs Due to Financial Hardship: Bombay HC Allows Condonation on Condition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/condonation-delay-HC-TAXSCAN.jpg "Nearly 5-Year Delay in Filing Defective ITRs Due to Financial Hardship: Bombay HC Allows Condonation on Condition [Read Order]")
ITAT Delhi Deletes Rs. 24 Lakh Addition, due to Absence of AO’s Justification for Rejecting Assessee’s Explanation [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted Rs. 24 lakhs addition made on cash deposits, as the assessing officer failed to provide justification as to why the assessee’s...
![ITAT Delhi Deletes Rs. 24 Lakh Addition, due to Absence of AO’s Justification for Rejecting Assessee’s Explanation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/itat.jpg "ITAT Delhi Deletes Rs. 24 Lakh Addition, due to Absence of AO’s Justification for Rejecting Assessee’s Explanation [Read Order]")
Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an order that granted exemption under Section 10(26AAA) of the Income Tax Act, 1961 and ruled that all statutory...
![Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Undue-Benefit-Tax-Payer-Tax-ITAT-Taxscan.jpg.webp "Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]")
Trust Charging Fees Alone Does Not Attract Proviso to S. 2(15): ITAT Remands S. 11 Exemption Denial Matter for Fresh Consideration [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal (ITAT) remanded Section 11 matter for fresh adjudication holding that trust charging fees alone does not attract provision to Section 2(15) of the...
![Trust Charging Fees Alone Does Not Attract Proviso to S. 2(15): ITAT Remands S. 11 Exemption Denial Matter for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Exemption-Income-Tax-Return-ITAT-TAXSCAN.jpg.webp "Trust Charging Fees Alone Does Not Attract Proviso to S. 2(15): ITAT Remands S. 11 Exemption Denial Matter for Fresh Consideration [Read Order]")
Escaped Income Below ₹50 Lakh: Delhi HC quashes Reassessment as Beyond 3-Year Time Limit [Read Order]
In a recent ruling, the Delhi High Court quashed an income tax reassessment, holding that reassessment proceedings could not be sustained beyond the three-year limitation period where the amount...
![Escaped Income Below ₹50 Lakh: Delhi HC quashes Reassessment as Beyond 3-Year Time Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-high-court-site-img.jpg "Escaped Income Below ₹50 Lakh: Delhi HC quashes Reassessment as Beyond 3-Year Time Limit [Read Order]")