Income Tax Act
![Service Tax Disallowed u/s 43B from Existing Tax Audit Report Without Fresh Material: ITAT quashes Erroneous Reassessment by AO [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091269-itat-itat-ahmedabad-income-tax-audit-report-income-tax-return-taxscan.webp "Service Tax Disallowed u/s 43B from Existing Tax Audit Report Without Fresh Material: ITAT quashes Erroneous Reassessment by AO [Read Order]")
Service Tax Disallowed u/s 43B from Existing Tax Audit Report Without Fresh Material: ITAT quashes Erroneous Reassessment by AO [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) quashed the reassessment by the Assessing Officer (AO), holding that no new facts surfaced ...
![Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091389-supreme-court-income-tax-supreme-court-dismisses-plea-taxscan.webp "Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]")
![Bogus Purchase Addition Without Adequate Verification: ITAT Restores ₹8.79 Lakh Matter to AO for Re-adjudication with Opportunity to Taxpayer [Read Order]](https://images.taxscan.in/h-upload/2025/07/28/250x150_2069863-itat-ahmedabad-income-tax-bogus-purchases-citing-genuine-sales-taxscan-1.webp "Bogus Purchase Addition Without Adequate Verification: ITAT Restores ₹8.79 Lakh Matter to AO for Re-adjudication with Opportunity to Taxpayer [Read Order]")
![Karnataka HC Disposes Himalaya Drug Company Appeal as Assessment Held Time-Barred u/s 144C(13) of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069411-himalaya-drug-company-tax-appeal.webp "Karnataka HC Disposes Himalaya Drug Company Appeal as Assessment Held Time-Barred u/s 144C(13) of Income Tax Act [Read Order]")
Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]
The Telangana High Court recently quashed an income tax reassessment notice, noting that the Department failed to initiate proceedings as per the mandatory faceless procedure, in violation of...
![Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069282-itat-itat-mumbai-income-tax-income-tax-reassessment-director-general-pcit-pccit-approval-director-general-approval-taxscan-1.webp "Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]")
Cash Loan above ₹20,000 Not Legally Enforceable: Kerala High Court Acquits Accused in Cheque Bounce Case [Read Order]
The Kerala High Court has held that any loan amount advanced in cash exceeding ₹20,000 is not a “legally enforceable debt” under the Negotiable Instruments Act, 1881, if it violates Section 269SS...
![Cash Loan above ₹20,000 Not Legally Enforceable: Kerala High Court Acquits Accused in Cheque Bounce Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069330-cash-loan-taxscan.webp "Cash Loan above ₹20,000 Not Legally Enforceable: Kerala High Court Acquits Accused in Cheque Bounce Case [Read Order]")
CBDT grants Income Tax Exemption to Andhra Pradesh and Puducherry Building and Other Construction Workers Welfare Board [Read Notification]
The Central Board of Direct Taxes (CBDT) has granted income tax exemption under Section 10(46) of the Income Tax Act, 1961 to the Andhra Pradesh Building and Other Construction Workers Welfare...
![CBDT grants Income Tax Exemption to Andhra Pradesh and Puducherry Building and Other Construction Workers Welfare Board [Read Notification]](https://images.taxscan.in/h-upload/2025/07/24/500x300_2068406-income-tax-exemption-income-share-transactions-undisclosed-income-income-tax-itat-taxscan-1.webp "CBDT grants Income Tax Exemption to Andhra Pradesh and Puducherry Building and Other Construction Workers Welfare Board [Read Notification]")
![Greater Ludhiana Area Development Authority Receives Tax Exemption from CBDT [Read Notification]](https://images.taxscan.in/h-upload/2025/07/24/500x300_2068347-cbdt-mutual-funds-self-reporting-organizations-sros-taxscan-1.webp "Greater Ludhiana Area Development Authority Receives Tax Exemption from CBDT [Read Notification]")
Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]
The High Court of Calcutta, ruled that market value for Section 80-IA deductions of the Income Tax Act,1961 should be based on the tariff applicable to industrial consumers, not the rate at which...
![Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/500x300_2068128-electricity-board-taxscan.webp "Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]")
Depreciation Claim u/s 32 of ITA Allowable on Actual Cost of Assets Taken Over from Dissolved Firm: Madras HC [Read Order]
The High Court of Madras, held that depreciation claim under Section 32 of Income Tax Act,1961,is allowable on actual cost of assets taken over from a dissolved firm. Sundaram Spinning Mills (P)...
![Depreciation Claim u/s 32 of ITA Allowable on Actual Cost of Assets Taken Over from Dissolved Firm: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/500x300_2068103-itat-assessment-depreciation-section-263-taxscan-.webp "Depreciation Claim u/s 32 of ITA Allowable on Actual Cost of Assets Taken Over from Dissolved Firm: Madras HC [Read Order]")