Income from Freelancing? Here is How You Will Be Taxed in 2025
Freelancing is no longer a choice; it’s a serious, professional career path. More and more Indians are ditching the conventional 9-to-5 life in...
![ITAT quashes CIT(A)’s Ex Parte Penalty Orders Due to Wrong Email Service [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Wrong-Email-Service.jpg "ITAT quashes CIT(A)’s Ex Parte Penalty Orders Due to Wrong Email Service [Read Order]")
![Relief to Pfizer: Bombay HC Quashes Reopening of Assessment on Promotional Expenses, Terms It Change of Opinion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reopening-of-Assessment.jpg "Relief to Pfizer: Bombay HC Quashes Reopening of Assessment on Promotional Expenses, Terms It Change of Opinion [Read Order]")
![ITAT Upholds CIT(A) Order: No Addition U/s 69A Without Corroborative Evidence & Cross-Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Cross-Examination.jpg "ITAT Upholds CIT(A) Order: No Addition U/s 69A Without Corroborative Evidence & Cross-Examination [Read Order]")
![ITAT upholds deletion of Cash Addition, Accepts Joint Family Status & Sale Proceeds as Source [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Joint-Family-Status.jpg "ITAT upholds deletion of Cash Addition, Accepts Joint Family Status & Sale Proceeds as Source [Read Order]")
Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]
The High Court of Himachal Pradesh,ruled that leave encashment payments made after the end of the financial year cannot be claimed as a deduction under the Income Tax Act,1961 unless the liability...
![Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Himachal-Pradesh-HC.jpg "Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]")
![Income Tax Bill 2025: What Every Family Needs to Know About Clubbing of Income [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Income-Tax-Bill-Family-Needs-to-Know-About-Clubbing-of-Income-Clubbing-of-Income-tax-administration-Income-Tax-Act-taxscan.jpg "Income Tax Bill 2025: What Every Family Needs to Know About Clubbing of Income [Read Bill]")
AO must issue Speaking Orders Against Assessee's Written Objections: Calcutta HC Upholds ITAT Order [Read Order]
The Calcutta High Court recently affirmed an ITAT ruling that removed an assessee's income addition of more than ₹4 crore made in a reassessment proceeding under the Income Tax Act, 1961. The...
![AO must issue Speaking Orders Against Assessees Written Objections: Calcutta HC Upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Speaking-Orders-AO-must-issue-Speaking-Orders-Calcutta-HC-Calcutta-HC-Upholds-ITAT-Order-ITAT-Order-ITAT-taxscan.jpg "AO must issue Speaking Orders Against Assessees Written Objections: Calcutta HC Upholds ITAT Order [Read Order]")
Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to Determine the Fair Market Value (FMV) of Shares by conducting a thorough Fact-Finding Process and...
![Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Discrepancy-in-FMV-ITAT-ITAT-Directs-AO-to-Determine-Fact-Finding-Process-Chennai-Bench-of-ITAT-Fair-Market-Value-Income-tax-Income-tax-news-Commissioner-of-Income-Tax-Taxscan.jpg "Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]")
Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal(ITAT)allowed the deduction of Rs. 4,81,477 as sales promotion expenses under section 37(1) of Income Tax Act,1961 after the assessee provided...
![Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Disallowance-of-Sales-Promotion-Expense-ITAT-ITAT-Allows-Deduction-business-expenditures-CIT-acquisition-agreement-promotion-expenses-under-section-37-Kolkata-Bench-of-ITAT-ITAT-news-Taxscan.jpg "Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]")