![Accommodation Entries Received in Guise of Unsecured Loan from Shell Companies: ITAT Directs Revenue to Examine Tax Evasion [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055597-accommodation-accommodation-entries-received-entries-received-in-guise-unsecured-loan-taxscan.webp "Accommodation Entries Received in Guise of Unsecured Loan from Shell Companies: ITAT Directs Revenue to Examine Tax Evasion [Read Order]")
Accommodation Entries Received in Guise of Unsecured Loan from Shell Companies: ITAT Directs Revenue to Examine Tax Evasion [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Revenue to examine tax evasion involving accommodation entries received in...
![ITAT Sets Aside Penalty Order, Cites Denial of Fair Hearing Due to Improper E-Notice Delivery [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/250x150_2053117-d0358ca8-9bcc-47a4-aadb-5f709f3e4963.webp "ITAT Sets Aside Penalty Order, Cites Denial of Fair Hearing Due to Improper E-Notice Delivery [Read Order]")
![ITAT WEEKLY ROUND-UP [ June 7th - 20th ]](https://images.taxscan.in/h-upload/2025/06/22/250x150_2052546-itat-weekly-round-up.webp "ITAT WEEKLY ROUND-UP [ June 7th - 20th ]")
![Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050461-boi-rbi-taxscan.webp "Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]")
ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as 'House Property', Not 'Business Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi Bench has reaffirmed the principle of consistency in tax treatment by ruling that rental income earned from leasing property should be taxed under...
![ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043636-rental-income-taxscan.webp "ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]")
ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has deleted an addition of Rs. 24 lakh made as alleged capitation fee for the assessment year 2013-14. The case revolved around an assessment...
![ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043626-itat-deletes-rs-24-lakh-capitation-fee-taxscan.webp "ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]")
Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]
In a recent case, the Income Tax Appellate Tribunal (ITAT) has held that option money to be treated as “Capital Receipt” and directed Assessing Officer (AO) to recompute capital gains on Dabur’s...
![Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043593-dabur.webp "Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]")
Taxability of Agricultural Land Purchased Below Stamp Duty Value u/s 56(2)(x): ITAT Directs Fresh Valuation by DVO
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) addressed the taxability of agricultural land purchased below stamp duty value under section 56(2)(x) of Income Tax Act,1961 and...
Disallowance of Exempt Allowances Due to Form 16 and Form 26AS Mismatch: ITAT Remits Matter to AO for Verification [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal( ITAT)remitted the matter back to the Jurisdictional Assessing Officer (JAO) for verification in a case involving disallowance of exempt allowances ...
![Disallowance of Exempt Allowances Due to Form 16 and Form 26AS Mismatch: ITAT Remits Matter to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/06/06/500x300_2041495-disallowance1.webp "Disallowance of Exempt Allowances Due to Form 16 and Form 26AS Mismatch: ITAT Remits Matter to AO for Verification [Read Order]")
Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT) granted relief to Jaguar Services Private Limited by setting aside the Section 263 revision under the Income Tax Act, 1961,for lack of fresh...
![Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Disallowance.jpg "Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]")