UPI Remains GST-Free! Govt. clears the Air on Rumours indicating Tax Levy on Transactions Above ₹2000
Great news for digital payment users! The Finance Ministry has officially dismissed swirling rumors about imposing GST on UPI transactions above...
![Timely Application for Final Approval u/s 80G: ITAT Quashes CIT(E)’s Rejection [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Timely-Application-for-Final-Approval-Timely-Application-Final-Approval-Final-Approval-section-80G-ITAT-ITAT-Quashes-taxscan.jpg "Timely Application for Final Approval u/s 80G: ITAT Quashes CIT(E)’s Rejection [Read Order]")
![Unexplained Cash Deposit During Demonetization: ITAT Directs AO to Decide using CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Cash-ITAT-ITAT-NEWS-INCOME-TAX-INCOME-TAX-NEWS-Assessing-Officer-assessment-AO-Syndicate-Bank-account-assessment-year-Income-Tax-Return-Taxscan.jpg "Unexplained Cash Deposit During Demonetization: ITAT Directs AO to Decide using CBDT Circular [Read Order]")
![Tax Effect below Threshold Limit: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Tax-Effect-Below-Threshold-Limit-ITAT-ITAT-Dismisses-ITAT-Dismisses-Revenues-Appeal-Threshold-Limit-CBDT-Kolkata-Bench-of-ITAT-Income-tax-revenue-appellant-Taxscan.jpg "Tax Effect below Threshold Limit: ITAT dismisses Revenues Appeal [Read Order]")
CBDT Extends Deadline for Determining Payable Amount Under Direct Tax Vivad Se Vishwas Scheme, 2024 [Read Circular]
The Central Board of Direct Taxes (CBDT) issues Circular No. 20/2024 dated December 30, 2024, extending the deadline for determining the amount payable under the Direct Tax Vivad Se Vishwas Scheme,...
![Lack of Approval u/s 153D in Second-Round Assessment: ITAT Upholds CIT(A)Â Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Delhi-Income-tax-Income-Tax-News-Section-153D-Taxscan.jpg "Lack of Approval u/s 153D in Second-Round Assessment: ITAT Upholds CIT(A)Â Order [Read Order]")
CBDT allows Condonation of Delays in Form 10IB and Form 10IC Fillings for Covid Period Assessment Years [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued a pivotal circular allowing condonation of delays in filing Form 10IC and Form 10ID for the assessment years 2020-21, 2021-22, and 2022-23. ...
CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 15/2024, dated November 4, 2024, outlining updated guidelines that establish specific monetary thresholds and eligibility criteria...
![CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-CBDT-Central-Board-of-Direct-Taxes-Monetary-Limits-TAXSCAN.jpg "CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]")
ITAT upholds CIT(A)'s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]'s decision to delete additions made under Section 68 of the Income Tax Act,1961 for...
![ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Citing-Sufficient-Cash-Balance-Sufficient-Cash-Balance-Cash-Balance-Lack-of-Evidence-Accommodation-Entries-TAXSCAN.jpg "ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]")