Income Tax Act
![Heavy Rainfall Valid Reason for Income Tax Delay: Karnataka HC Quashes Commissioners Order [Read Order]](https://images.taxscan.in/h-upload/2025/11/26/500x300_2108171-heavy-rainfall-incomtax-delay-karnatakahc-taxscan.webp "Heavy Rainfall Valid Reason for Income Tax Delay: Karnataka HC Quashes Commissioners Order [Read Order]")
Heavy Rainfall Valid Reason for Income Tax Delay: Karnataka HC Quashes Commissioner's Order [Read Order]
The High Court of Karnataka held that heavy rainfall valid reason for Income tax delay and quashed the commissioner’s order. The petition challenged ...
![Interest Income Earned by Credit Co-operative Society from Co-operative Bank is Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/26/250x150_2108041-co-operative-bank-co-operative-society.webp "Interest Income Earned by Credit Co-operative Society from Co-operative Bank is Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]")
![Boundary Wall & Land-Filling Costs allowed as Genuine Devt. Expenses: ITAT Partly allows LTCG Claim [Read Order]](https://images.taxscan.in/h-upload/2025/11/20/250x150_2106868-devtexpenses-itat-ltcg-taxscan.webp "Boundary Wall & Land-Filling Costs allowed as Genuine Devt. Expenses: ITAT Partly allows LTCG Claim [Read Order]")
![Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished: Madras HC Orders to Reassess Afresh [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/250x150_2105910-income-tax-form-26a-madras-hc-taxscan.webp "Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished: Madras HC Orders to Reassess Afresh [Read Order]")
Seized Excel Sheet Not Prepared by Taxpayer, Not Credible: ITAT Deletes ₹35 Lakh Unexplained Investment Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted ₹35 Lakh addition under section 69A/69B for alleged unaccounted land investment for the assessment year (A.Y) 2016-17, holding that...
![Seized Excel Sheet Not Prepared by Taxpayer, Not Credible: ITAT Deletes ₹35 Lakh Unexplained Investment Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/14/500x300_2105196-whatsapp-image-2025-11-14-at-15517-pm.webp "Seized Excel Sheet Not Prepared by Taxpayer, Not Credible: ITAT Deletes ₹35 Lakh Unexplained Investment Addition [Read Order]")
Eligibility of Trust allegedly for Working Particular Community Welfare to Claim Income Tax Exemption: Supreme Court sets for Final Hearing [Read Judgement]
The Supreme Court has agreed to hear the Revenue’s challenge, where the central allegation of the revenue was that the Evangelical fellowship is a trust working for the welfare of a particular...
![Eligibility of Trust allegedly for Working Particular Community Welfare to Claim Income Tax Exemption: Supreme Court sets for Final Hearing [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/13/500x300_2104845-incometax-exemption-taxscan-2.webp "Eligibility of Trust allegedly for Working Particular Community Welfare to Claim Income Tax Exemption: Supreme Court sets for Final Hearing [Read Judgement]")
Kerala HC Stays Income Tax Recovery Proceedings Pending Disposal of Stay Petition, Directs Commissioner to Decide Within 2 Months [Read Order]
The Kerala High Court, in a recent case, stayed the Income tax recovery proceedings pending disposal of the stay petition and directed the commissioner to decide within 2 months.Shibu Mathew, the...
![Kerala HC Stays Income Tax Recovery Proceedings Pending Disposal of Stay Petition, Directs Commissioner to Decide Within 2 Months [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/500x300_2093551-kerala-hc-income-tax-recovery-proceedings-taxscan.webp "Kerala HC Stays Income Tax Recovery Proceedings Pending Disposal of Stay Petition, Directs Commissioner to Decide Within 2 Months [Read Order]")
ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the capital gains addition of Rs.55 lakh from the sale of a Noida property and allowed the deduction under section 54 of...
![ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/500x300_2093458-2041943-capital-gains-tax-capital-gains-recent-judicial-trends-and-their-implications.webp "ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]")
Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]
In a recent ruling, the Calcutta High Court held that interest under Section 244A of the Income Tax Act is not automatically payable on refunds ordered by the court unless the court specifically...
![Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2092951-income-tax-refund-interest.webp "Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]")
Interest on Enhanced Compensation forms Part of Compensation, Exempted from Income Tax u/s 10(37) and RFCTLARR Act: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) ruled that interest on enhanced compensation can be considered as part of compensation. The tribunal held that those interests...
![Interest on Enhanced Compensation forms Part of Compensation, Exempted from Income Tax u/s 10(37) and RFCTLARR Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092816-compensation-forms-income-tax-rfctlarr-act-itat-taxscan.webp "Interest on Enhanced Compensation forms Part of Compensation, Exempted from Income Tax u/s 10(37) and RFCTLARR Act: ITAT [Read Order]")
“Commercial Activity”: ITAT denies Section 10(23C) Exemption to Trust Running Hostels for Non-Students [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has ruled that Shree Vallabh Seva Kendra, a charitable trust, is not eligible for exemption under Section 10(23C)(vi) of the Income Tax...
![“Commercial Activity”: ITAT denies Section 10(23C) Exemption to Trust Running Hostels for Non-Students [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/500x300_2092516-itat-itat-bangalore-assessments-tax-exemption-taxscan-1.webp "“Commercial Activity”: ITAT denies Section 10(23C) Exemption to Trust Running Hostels for Non-Students [Read Order]")