![Jurisdiction of AO u/s 153C of Income Tax Act beyond block of 10 year is invalid: Delhi HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Benefit-of-Monetary-Limits-Guidelines-Dispute-related-to-Classification-Product-for-Customs-Duty-Delhi-HC-taxscan.jpg "Jurisdiction of AO u/s 153C of Income Tax Act beyond block of 10 year is invalid: Delhi HC upholds ITAT Order [Read Order]")
Jurisdiction of AO u/s 153C of Income Tax Act beyond block of 10 year is invalid: Delhi HC upholds ITAT Order [Read Order]
The Delhi High Court in its judgement upheld the Income Tax Appellate Tribunals (ITAT)’s Order finding the AO’s assumption of jurisdiction under...
![ITAT Orders AO to Grant Relief After Exemption Approval u/s 10(23C)(iiiad) Despite Lack of 12A Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ruling-Income-Tax-appeal-CPC-mistake-taxscan-.jpg "ITAT Orders AO to Grant Relief After Exemption Approval u/s 10(23C)(iiiad) Despite Lack of 12A Registration [Read Order]")
![Disallowance of Interest Payments for Non-Deduction of TDS u/s 40(a)(ia): ITAT Remands Matter to AO for Verification of Form 26A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Form-26A-site-img.jpg "Disallowance of Interest Payments for Non-Deduction of TDS u/s 40(a)(ia): ITAT Remands Matter to AO for Verification of Form 26A [Read Order]")
![Genuineness of Loans u/s 68: ITAT Orders Fresh Verification of Creditworthiness and Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Creditworthiness-of-Parties-and-Genuineness-of-Transaction-Genuineness-of-Transaction-ITAT-Upholds-Addition-ITAT-Addition-Taxscan.jpg "Genuineness of Loans u/s 68: ITAT Orders Fresh Verification of Creditworthiness and Transactions [Read Order]")
![Unexplained Bank Deposits and PMGKY Non-Consideration: ITAT Remands Matter for Final Evidence Submission and Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Bank-Deposit-Constitutes-Income-ITAT-ITAT-Remands-Unexplained-Cash-Deposit-Reconsideration-taxable-income-unexplained-cash-deposits-Commissioner-of-Income-Tax-CIT-Taxscan.jpg "Unexplained Bank Deposits and PMGKY Non-Consideration: ITAT Remands Matter for Final Evidence Submission and Verification [Read Order]")
Relief for Adani Power: ITAT Invalidates Revision Order Passed Against Non-Existent Entity [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a revision order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, after...
![Relief for Adani Power: ITAT Invalidates Revision Order Passed Against Non-Existent Entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Adani-Power-limited-Income-Tax-Income-tax-re-assessment-Delay-in-filing-SLP-Taxscan.jpg "Relief for Adani Power: ITAT Invalidates Revision Order Passed Against Non-Existent Entity [Read Order]")
ITAT Directs AO to Revisit Penalty Proceedings After Completion of de novo assessment [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the penalty of Rs. 10.22 lakh imposed under Section 271(1)(c) of the Income Tax Act, after observing that the assessment...
![ITAT Directs AO to Revisit Penalty Proceedings After Completion of de novo assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/De-novo-Assessment.jpg "ITAT Directs AO to Revisit Penalty Proceedings After Completion of de novo assessment [Read Order]")
Non Disclosure of Funds Routed through Tax Havens: Bombay HC upholds Income Tax Reassessment Proceedings [Read Order]
The Bombay High Court ruled that the petitioner had not given all relevant information required for the tax assessment and that the roundabout transfer of money through different businesses situated...
![Non Disclosure of Funds Routed through Tax Havens: Bombay HC upholds Income Tax Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/incometax-reassessment-proceedings-TAXSCAN.jpg "Non Disclosure of Funds Routed through Tax Havens: Bombay HC upholds Income Tax Reassessment Proceedings [Read Order]")
![Mere Confession Of Assessee Not Enough for Conviction Without Credible Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Income-tax-Income-tax-news-Tax-news-Corroborative-Evidence-taxscan.jpg "Mere Confession Of Assessee Not Enough for Conviction Without Credible Evidence: ITAT [Read Order]")
ITAT rejects Price-Rigging Allegations on Penny Stock Transactions Due to Lack of Evidence [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld the benefit of Long-Term Capital Gains (LTCG) on penny stock transactions, rejecting the Revenue’s claims of price rigging due to a lack...
![ITAT rejects Price-Rigging Allegations on Penny Stock Transactions Due to Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/penny-stock-site-img.jpg "ITAT rejects Price-Rigging Allegations on Penny Stock Transactions Due to Lack of Evidence [Read Order]")
ITAT Condoned Delay in Oriental Bank’s Tax Appeal Due to Merger, Sets Aside CIT(A) Ex Parte Order for Ignoring Crucial TDS Evidence [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the ex parte order passed by the Commissioner of Income Tax (Appeals) CIT(A) in the case of Oriental Bank of Commerce...
![ITAT Condoned Delay in Oriental Bank’s Tax Appeal Due to Merger, Sets Aside CIT(A) Ex Parte Order for Ignoring Crucial TDS Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Condoned-Delay-site-img.jpg "ITAT Condoned Delay in Oriental Bank’s Tax Appeal Due to Merger, Sets Aside CIT(A) Ex Parte Order for Ignoring Crucial TDS Evidence [Read Order]")
Written Down Assets of Constituent Companies can be adjusted by Amalgamated Company Without Central Govt Approval: Bombay HC [Read Order]
The Bombay High Court stated that amalgamated company can adjust written down of assets of amalgamating companies and claim depreciation without central government's approval. The appellant...
![Written Down Assets of Constituent Companies can be adjusted by Amalgamated Company Without Central Govt Approval: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Amalgamated-company-HC-TAXSCAN.jpg "Written Down Assets of Constituent Companies can be adjusted by Amalgamated Company Without Central Govt Approval: Bombay HC [Read Order]")