Credit Card Payments Treated as Unexplained Investment u/s 69C:ITAT Deletes ₹21.69 Lakh Addition
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of ₹21.69 lakh treating credit card payments as unexplained investment...
![Once Assessee Discharges Onus u/s 68, Burden of Proof Shifts to Revenue: ITAT rules Double Taxation Unsustainable in Steel Manufacturer’s Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097178-double-taxation-taxscan.webp "Once Assessee Discharges Onus u/s 68, Burden of Proof Shifts to Revenue: ITAT rules Double Taxation Unsustainable in Steel Manufacturer’s Case [Read Order]")
![Restored Registration Entitles Charitable Trust to Tax Benefits: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097156-restored-registration-charitable-trust-taxscan.webp "Restored Registration Entitles Charitable Trust to Tax Benefits: ITAT [Read Order]")
![“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096839-itat-taxscan.webp "“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]")
![ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096792-gross-profit-estimation-taxscan.webp "ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]")
ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed an appeal, remanding the adjudication of an income tax addition of ₹3,25,00,000 under Section 68 of the Income Tax Act,...
![ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096781-double-taxation-taxscan.webp "ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]")
Pre-Diwali ITR Audit Report Filing Rush Breaks Income Tax e-Filing Portal: Complaints Raised by CAs on Upload Failure [Read Order]
With the October 31 deadline for the income tax audit report filing under Section 44AB fast approaching, the Income Tax e-filing portal has once again come under strain. Chartered Accountants (CAs)...
![Pre-Diwali ITR Audit Report Filing Rush Breaks Income Tax e-Filing Portal: Complaints Raised by CAs on Upload Failure [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096598-itr-filing-taxscan.webp "Pre-Diwali ITR Audit Report Filing Rush Breaks Income Tax e-Filing Portal: Complaints Raised by CAs on Upload Failure [Read Order]")
Lack of proper opportunity to explain Bogus Creditors: ITAT Remits Matter with One more Opportunity [Read Order]
The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) remitted the matter back to the Commissioner of Income-tax (Appeals) [CIT(A)] with one more opportunity to explain his case noting the lack...
![Lack of proper opportunity to explain Bogus Creditors: ITAT Remits Matter with One more Opportunity [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096576-bogus-purchase-taxscan.webp "Lack of proper opportunity to explain Bogus Creditors: ITAT Remits Matter with One more Opportunity [Read Order]")
Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment notices issued under Section 148 of the Income Tax act on the legal ground of being barred by limitation.Sanjay...
![Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096246-reassessment-notice-taxscan.webp "Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]")
[BREAKING] Gujarat HC directs CBDT to extend ITR Due Date for Audit Cases, mandates 1 month Gap between ITR date and Tax Audit Report Date
In a significant ruling, the Gujarat High Court directed the Central Board of Direct Taxes (CBDT) to extend the Income Tax Return (ITR) due date for audit cases, reaffirming that a statutory one-month...
![[BREAKING] Gujarat HC directs CBDT to extend ITR Due Date for Audit Cases, mandates 1 month Gap between ITR date and Tax Audit Report Date](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096226-itr-audit-due-date-extension-taxscan.webp "[BREAKING] Gujarat HC directs CBDT to extend ITR Due Date for Audit Cases, mandates 1 month Gap between ITR date and Tax Audit Report Date")