![Fully Verifiable Business Transactions: ITAT quashes Higher Income Tax Imposition u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/500x300_2093407-income-tax-imposition-taxscan.webp "Fully Verifiable Business Transactions: ITAT quashes Higher Income Tax Imposition u/s 115BBE [Read Order]")
Fully Verifiable Business Transactions: ITAT quashes Higher Income Tax Imposition u/s 115BBE [Read Order]
The JaipurBench of Income Tax Appellate Tribunal (ITAT) quashed the 60% tax rate u/s 115BBE, holding that the cash represented fully verifiable...
![Credit Availed Beyond One Year from Date of Invoice Inadmissible Under Rule 4(1) of Cenvat Credit Rules: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/250x150_2093415-cenvat-credit-taxscan.webp "Credit Availed Beyond One Year from Date of Invoice Inadmissible Under Rule 4(1) of Cenvat Credit Rules: CESTAT [Read Order]")
![Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2092951-income-tax-refund-interest.webp "Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]")
![Bombay HC issues Notice to Income Tax Department on Delay in Return of Gold and Silver Ornaments Seized in 2007 [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/250x150_2092376-income-tax-department-bombay-hc-issues-notice-taxscan.webp "Bombay HC issues Notice to Income Tax Department on Delay in Return of Gold and Silver Ornaments Seized in 2007 [Read Order]")
![Interconnect Service Payments Do Not Constitute “Royalty” Under Income Tax Act: Supreme Court sustains Karnataka HC Decision [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/250x150_2092274-supreme-court-taxscan.webp "Interconnect Service Payments Do Not Constitute “Royalty” Under Income Tax Act: Supreme Court sustains Karnataka HC Decision [Read Order]")
Deadline for Renewal of Charitable Trust Registrations under Sections 12A, 80G, 10(23C) Soon: File Form 10AB with AY 2027-28 Selection
The Income Tax Department has reminded charitable trusts and institutions that the last date for filing renewal applications for registrations granted under Sections 12A, 80G and 10(23C) of the...
‘Income Tax Data Exists for Publicity, Not for Accountability’: RTI Response on ITR Filings Data Sparks Transparency Uproar
A recent Right to Information (RTI) response from the Income Tax Department’s Centralized Processing Centre (CPC) in Bengaluru has triggered widespread debate over data transparency and public ...
Crime of Rs. 210.68 crore under PMLA Act: Patna HC allows Bail considering 12 Months of Custody without conclusion of trial [Read Order]
In a recent case, the Patna High Court allowed the bail for the offence of Rs. 210.68 crore under the Prevention of Money Laundering Act, 2002 (“PMLA Act”) as no prima facie offence is made and the...
![Crime of Rs. 210.68 crore under PMLA Act: Patna HC allows Bail considering 12 Months of Custody without conclusion of trial [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090972-crime-pmla-act-pmla-patna-hc-patna-hc-allows-bail-bail-taxscan.webp "Crime of Rs. 210.68 crore under PMLA Act: Patna HC allows Bail considering 12 Months of Custody without conclusion of trial [Read Order]")
No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]
In a recent ruling, the Supreme Court has refused to interfere with the Gujarat HighCourt’s decision confirming the decision that no fresh income tax claims or reassessment proceedings can be ...
![No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2091001-supreme-court-income-tax-reassessment-taxcsan.webp "No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]")
Stockguru Scam: Delhi HC Holds Seized Money as ‘Proceeds of Crime,’ Bars Income Tax Recovery Until PMLA Trial Ends [Read Order]
The Delhi High Court, in the Stockguru scam case, firmly held that money seized from the alleged masterminds constitutes “proceeds of crime” under the Prevention of Money Laundering Act, 2002...
![Stockguru Scam: Delhi HC Holds Seized Money as ‘Proceeds of Crime,’ Bars Income Tax Recovery Until PMLA Trial Ends [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090623-delhi-high-court-stockguru-scam-income-tax-recovery-taxscan.webp "Stockguru Scam: Delhi HC Holds Seized Money as ‘Proceeds of Crime,’ Bars Income Tax Recovery Until PMLA Trial Ends [Read Order]")
Income Tax Audit Due Date Extension: Punjab & Haryana HC Directs Dept. Counsel to Seek CBDT Instructions within 4 Days
The Punjab and Haryana High Court has admitted a writ petition seeking extension of the due date for income tax audit for the financial year 2024-25, in light of the mounting pressure experienced by...
