![70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090538-itat-rajkot-demonetization-cash-cbdt-taxscan.webp "70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]")
70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 2,50,000 cash, which had been treated as unexplained, for a...
![[Breaking] CBDT Extends due date for filing Audit Reports [Read Press Release]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090981-cbdt-extends-due-date-filing-audit-reports-taxscan.webp "[Breaking] CBDT Extends due date for filing Audit Reports [Read Press Release]")
![[BREAKING] Rajasthan HC directs CBDT to extend Income Tax Audit Deadline](https://images.taxscan.in/h-upload/2025/09/22/250x150_2089542-income-tax-audit.webp "[BREAKING] Rajasthan HC directs CBDT to extend Income Tax Audit Deadline")
![CBDT Grants Income Tax Exemption to Rajasthan RERA on Govt. Grants, Loans, Fees, Penalties and Interest [Read Notification]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2089963-income-tax-exemption-income-share-transactions-undisclosed-income-income-tax-itat-taxscan.webp "CBDT Grants Income Tax Exemption to Rajasthan RERA on Govt. Grants, Loans, Fees, Penalties and Interest [Read Notification]")
CBDT waives Interest u/s 220(2) for Demands Raised on Disallowance of Wrong 87A Rebate [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued Circular No. 13/2025 dated 11.09.2025, granting waiver of interest under section 220(2) of the Income-tax Act, 1961, in cases where demands have...
![CBDT waives Interest u/s 220(2) for Demands Raised on Disallowance of Wrong 87A Rebate [Read Circular]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2089905-cbdt-waives-interest-demands-raised-disallowance-wrong-87a-rebate-taxscan.webp "CBDT waives Interest u/s 220(2) for Demands Raised on Disallowance of Wrong 87A Rebate [Read Circular]")
No Income Tax on ₹73 Lakh Compensation for Compulsory Land Acquisition by NHAI: Chhattisgarh HC [Read Order]
In a recent ruling, the Chhattisgarh High Court held that compensation received for compulsory acquisition of land under the National Highways Act, 1956 is exempt from income tax under Section 96 of...
![No Income Tax on ₹73 Lakh Compensation for Compulsory Land Acquisition by NHAI: Chhattisgarh HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/22/500x300_2089707-chhattisgarh-high-court-no-income-tax-nhai-taxscan.webp "No Income Tax on ₹73 Lakh Compensation for Compulsory Land Acquisition by NHAI: Chhattisgarh HC [Read Order]")
![12 days delay in filing ITR: Delhi HC Quashes order passed in Mechanical Manner [Read Order]](https://images.taxscan.in/h-upload/2025/09/22/500x300_2089490-itr-filing-taxscan.webp "12 days delay in filing ITR: Delhi HC Quashes order passed in Mechanical Manner [Read Order]")
![Delayed filing of ITR due to mistake by Accountant: Delhi HC sets aside Income tax order [Read Order]](https://images.taxscan.in/h-upload/2025/09/22/500x300_2089483-itr-filing-delayed-taxscan.webp "Delayed filing of ITR due to mistake by Accountant: Delhi HC sets aside Income tax order [Read Order]")
SEBI Introduces ‘TLH’ Code for Smooth Transmission of Securities from Nominee to Legal Heir in CBDT Reporting [Read Circular]
The Securities and Exchange Board of India (SEBI) has recently issued a circular, introducing a standard reason code “TLH” (Transmission to Legal Heirs) when reporting nominee-to-legal-heir...
![SEBI Introduces ‘TLH’ Code for Smooth Transmission of Securities from Nominee to Legal Heir in CBDT Reporting [Read Circular]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2089079-sebi-introduces-cbdt-tlh-code-taxscan.webp "SEBI Introduces ‘TLH’ Code for Smooth Transmission of Securities from Nominee to Legal Heir in CBDT Reporting [Read Circular]")
[BREAKING] ICAI likely to move CBDT addressing Income Tax Portal Glitches hampering work of CAs and Tax Professionals
The Institute of CharteredAccountants of India (ICAI) is expected to make a formal representation to the Central Board of Direct Taxes (CBDT) and the Finance Ministry over persistent glitches in the...
![[BREAKING] ICAI likely to move CBDT addressing Income Tax Portal Glitches hampering work of CAs and Tax Professionals](https://images.taxscan.in/h-upload/2025/09/18/500x300_2088339-icai-cbdt-income-tax-portal-glitches-cas-tax-professionals-taxscan.webp "[BREAKING] ICAI likely to move CBDT addressing Income Tax Portal Glitches hampering work of CAs and Tax Professionals")
Silence of ICAI among IT Deadline Pressure and Portal Glitches raises Eyebrows of CA Members, #ICAI Trending on X
The silence of the Institute of Chartered Accountants of India (ICAI) has raised eyebrows of member Chartered Accountants (CA) who took it to X (Formerly Twitter) to raise their concerns ...
