![ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079909-itat-capital-gain-calculation-taxscan.webp "ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]")
ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the appeal by fixing the fair market value (FMV) of land at ₹60 per...
![Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079862-cita-disallow-a-claim-of-business-loss-in-the-presence-of-evidence-itat-taxscan.webp "Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]")
![Unverified Documents from France About Foreign Bank Account Cannot Support Income Tax Prosecution Without Swiss Authentication: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079695-delhi-high-court-taxscan.webp "Unverified Documents from France About Foreign Bank Account Cannot Support Income Tax Prosecution Without Swiss Authentication: Delhi HC [Read Order]")
![Assessment Beyond Limitation Period Barred u/s 153(2): ITAT Quashes Reassessment and Penalty Against Non-Resident [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079341-assessment-tat-quashes-penalty-taxscan.webp "Assessment Beyond Limitation Period Barred u/s 153(2): ITAT Quashes Reassessment and Penalty Against Non-Resident [Read Order]")
![No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079733-show-misuse-itat-permanent-registration-taxscan.webp "No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]")
Magistrate Issued Non-Bailable Warrant for Offence u/s 276C(2) of Income Tax Act, Punishable Max 3 Years: Bombay HC Quashes Order [Read Order]
In a recent ruling, the Bombay High Court held that issuing a non-bailable warrant for a bailable offence under Section 276C(2) of the Income Tax Act, which carries a maximum punishment of three ...
![Magistrate Issued Non-Bailable Warrant for Offence u/s 276C(2) of Income Tax Act, Punishable Max 3 Years: Bombay HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2079037-untitled-2.webp "Magistrate Issued Non-Bailable Warrant for Offence u/s 276C(2) of Income Tax Act, Punishable Max 3 Years: Bombay HC Quashes Order [Read Order]")
90-Day Delay in Filing Form 10AB for S.80G Approval: ITAT Restores Matter to CIT(E) Pending CBDT’s Decision on Condonation [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) restores matter to the Commissioner of Income Tax (Exemption) [CIT(E)] pending Central Board of Direct Taxes (CBDT)’s decision on...
![90-Day Delay in Filing Form 10AB for S.80G Approval: ITAT Restores Matter to CIT(E) Pending CBDT’s Decision on Condonation [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078932-form10ab-itat-taxscan.webp "90-Day Delay in Filing Form 10AB for S.80G Approval: ITAT Restores Matter to CIT(E) Pending CBDT’s Decision on Condonation [Read Order]")
![ITAT Deletes IGST Refund Addition Holding Refundable Advance Not Taxable u/s 43B [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2079028-itat-igst-refundable-taxscan.webp "ITAT Deletes IGST Refund Addition Holding Refundable Advance Not Taxable u/s 43B [Read Order]")
ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal by revenue regarding the disallowances of ₹55,00,000 on Public Relations expenses, Shared Service (Malaysia), and...
![ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078887-itat-shared-services-product-basf-taxscan.webp "ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]")
![Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078645-income-tax-notice-itat-taxscan.webp "Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: ITAT [Read Order]")
Consideration for Software Resale/Use via EULAs Not Royalty, No TDS Liability u/s 195: Delhi HC [Read Order]
The Delhi High Court has held that payments made for the resale or use of software through End-User Licence Agreements (EULAs) or distribution agreements cannot be treated as “royalty” under...
![Consideration for Software Resale/Use via EULAs Not Royalty, No TDS Liability u/s 195: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078597-foreign-consulates-un-agencies-exempted-income-tax-tds-taxscan.webp "Consideration for Software Resale/Use via EULAs Not Royalty, No TDS Liability u/s 195: Delhi HC [Read Order]")
Bombay HC to Hear Plea Seeking Recognition of Same-Sex Couples as ‘Spouses’ Under Income Tax Act, Issues Notice to Attorney General [Read Order]
In a recent order, the Bombay High Court issued notice to the Attorney General of India on a petition filed by a same-sex couple challenging the constitutional validity of Section 56(2)(x) of the...
![Bombay HC to Hear Plea Seeking Recognition of Same-Sex Couples as ‘Spouses’ Under Income Tax Act, Issues Notice to Attorney General [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078585-same-sex-couples-taxscan.webp "Bombay HC to Hear Plea Seeking Recognition of Same-Sex Couples as ‘Spouses’ Under Income Tax Act, Issues Notice to Attorney General [Read Order]")