![CBDT SOP on Demonetisation Cash Deposits Saves NRI from Higher Addition: ITAT Restricts ₹5 Lakh Addition to ₹2.5 Lakh [Read Order]](https://images.taxscan.in/h-upload/2025/07/17/500x300_2064631-cbdt-cash-deposit-taxscan.webp "CBDT SOP on Demonetisation Cash Deposits Saves NRI from Higher Addition: ITAT Restricts ₹5 Lakh Addition to ₹2.5 Lakh [Read Order]")
CBDT SOP on Demonetisation Cash Deposits Saves NRI from Higher Addition: ITAT Restricts ₹5 Lakh Addition to ₹2.5 Lakh [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad bench has partially set aside an addition made on cash deposits during the demonetisation...
![CBDT extends Income Tax Exemption for Sovereign Wealth and Pension Funds u/s 10(23FE) of Income Tax Act [Read Notification]](https://images.taxscan.in/h-upload/2025/07/15/250x150_2064072-income-tax-act-pension-funds-sovereign-wealth-taxscan.webp "CBDT extends Income Tax Exemption for Sovereign Wealth and Pension Funds u/s 10(23FE) of Income Tax Act [Read Notification]")
![Payments to Parent Company during Normal Course of Business Cannot Be Treated as Dividend or Advance: Telangana HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/08/250x150_2061480-payments-business-dividend-telangana-hc-taxscan.webp "Payments to Parent Company during Normal Course of Business Cannot Be Treated as Dividend or Advance: Telangana HC [Read Order]")
![CBDT Grants Income Tax Exemption to Karnataka State Pollution Control Board [Read Notification]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2058885-karnataka-state-pollution-control-board.webp "CBDT Grants Income Tax Exemption to Karnataka State Pollution Control Board [Read Notification]")
AO Cannot Travel Beyond Limited Scrutiny Without Pr. CIT’s Consent: ITAT reiterates CBDT Instruction, Deletes Addition u/s 36(1)(iii) [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed an addition of over ₹3.83 crore made by the Assessing Officer ( AO ) under Section 36(1)(iii), holding that the AO exceeded...
![AO Cannot Travel Beyond Limited Scrutiny Without Pr. CIT’s Consent: ITAT reiterates CBDT Instruction, Deletes Addition u/s 36(1)(iii) [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057401-scrutiny-cbdt.webp "AO Cannot Travel Beyond Limited Scrutiny Without Pr. CIT’s Consent: ITAT reiterates CBDT Instruction, Deletes Addition u/s 36(1)(iii) [Read Order]")
Managing Section 143(2) Income Tax Scrutiny Notices for AY 2024–25: A Guide for Tax Practitioners with Checklist for Taxpayers
The Central Board of Direct Taxes has initiated the widespread issuance of scrutiny notices under Section 143(2) of the Income Tax Act for the Assessment Year 2024–25. As tax professionals, it is...
Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]
The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 07/2025 dated 25th June 2025, relaxing the time limit for processing valid income tax returns filed electronically pursuant to...
![Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054566-income-tax-income-tax-return-time-extension-for-income-tax-return-taxscan.webp "Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]")
![Centre Grants Income Tax Exemption to Food Safety and Standards Authority of India [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054360-fssai-income-tax-exemption-taxscan.webp "Centre Grants Income Tax Exemption to Food Safety and Standards Authority of India [Read Order]")
![S.11 & 12 Exemption Cannot Be Denied Merely Due to Delayed Registration of Trust: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054350-itat-registration-of-trust-exemption-taxscan.webp "S.11 & 12 Exemption Cannot Be Denied Merely Due to Delayed Registration of Trust: ITAT [Read Order]")