CBDT Targets Bogus Deduction claims, Selected Taxpayers to get SMS and E-mails
The Central Board of Direct Taxes ( CBDT ) has begun up its checks on fake donation claims made to political parties and charitable trusts after...
![Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/250x150_2110545-appeal-tax-effect-falls-below-crore-limit-taxscan.webp "Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]")
![Big Win for Actor Yash: Karnataka HC Confirms ‘Searched Person’ Status, Quashes Order Passed u/s 153C Without Incriminating Material [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/250x150_2110854-actor-yash-karnataka-hc-taxscan.jfif "Big Win for Actor Yash: Karnataka HC Confirms ‘Searched Person’ Status, Quashes Order Passed u/s 153C Without Incriminating Material [Read Order]")
Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]
The Madras High Court in a recent case, has ruled that miscellaneous income, including scrap sales and interest on loans given to employees linked to eligible undertakings, qualifies for deduction...
![Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109830-madras-hc-rules-cognizan-taxscan.webp "Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]")
ITAT Restores 10(23C)(vi) Exemption to Education Trust: Finds No Evidence of Personal Benefit or Misuse of Funds [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of Scholars Education Trust of India, restoring the exemption granted under Section 10(23C)(vi) after holding that...
![ITAT Restores 10(23C)(vi) Exemption to Education Trust: Finds No Evidence of Personal Benefit or Misuse of Funds [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/500x300_2108600-itat-exemption-education-funds-taxscan.webp "ITAT Restores 10(23C)(vi) Exemption to Education Trust: Finds No Evidence of Personal Benefit or Misuse of Funds [Read Order]")
Income Tax Dept cannot Recover beyond 20% of Disputed Demand by Adjusting Refund: Calcutta HC [Read Order]
The Calcutta High Court has held that the tax authorities cannot recover more than 20% of a disputed demand by adjusting refunds for other assessment years while the statutory appeal against the...
![Income Tax Dept cannot Recover beyond 20% of Disputed Demand by Adjusting Refund: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/500x300_2110451-income-tax-dept-disputed-demand-refund-calcutta-hc-taxscan.webp "Income Tax Dept cannot Recover beyond 20% of Disputed Demand by Adjusting Refund: Calcutta HC [Read Order]")
STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]
The Madras High Court in a recent case of Cognizant Technology Solutions India Pvt. Ltd has ruled that losses incurred by Software Technology Parks in India (STPI) units form part of the assessee’s...
![STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109845-stpi-total-income-madras-hc-it-act-profits-taxscan.webp "STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]")
₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]
The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI), ruled that no professional misconduct was established under Item (7) of Part I of the Second Schedule to the...
![₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109802-icai-ca-taxscan.webp "₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]")
Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]
The Punjab and Haryana High Court at Chandigarh recently remanded a batch of writ petitions filed by various educational institutions seeking Income Tax exemption under Section 10(23C)(vi) of...
![Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/500x300_2109516-0945e0b7-7197-4e66-a86f-fabf4f56bfbb.webp "Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]")
![Nine-Month Delay in Filing Revised ITR Too Huge: Delhi HC refuse to Condone Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108754-itr-late-fees-interest-penal-action-taxscan.webp "Nine-Month Delay in Filing Revised ITR Too Huge: Delhi HC refuse to Condone Delay [Read Order]")