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Opting Old Income Tax Regime to Claim Deductions? Here are the Must-Have Documents
As the deadline for filing Income Tax Returns (ITR) for FY 2024-25 approaches, taxpayers are once again faced with a key decision: whether to opt for...
![Continuation of Prosecution u/s 276C(1) Not Valid When Penalty Proceedings on Same Facts Have Been Quashed: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079856-madras-hc-taxscan.webp "Continuation of Prosecution u/s 276C(1) Not Valid When Penalty Proceedings on Same Facts Have Been Quashed: Madras HC [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]](https://images.taxscan.in/h-upload/2025/08/21/250x150_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]")
![ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078318-itat-itat-gives-taxpayer-second-chance-second-chance-to-taxpayer-taxscan.webp "ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]")
![ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078336-itat-taxpayer-property-purchase-source-taxscan.webp "ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase Source [Read Order]")
Calcutta HC allows Physical Filing of Forms 1 & 2 within Time, Permits Availing DTVsV Scheme, 2024; Condones Dept’s Delay [Read Order]
The Calcutta High Court has permitted the assessee to take benefit of the Direct Tax Vivad Se Vishwas Scheme, 2024 by allowing the physical submission of Forms 1 and 2 within time provided by the...
![Calcutta HC allows Physical Filing of Forms 1 & 2 within Time, Permits Availing DTVsV Scheme, 2024; Condones Dept’s Delay [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2077960-calcutta-hc-calcutta-hc-allows-physical-filing-of-forms-1-2-taxscan.webp "Calcutta HC allows Physical Filing of Forms 1 & 2 within Time, Permits Availing DTVsV Scheme, 2024; Condones Dept’s Delay [Read Order]")
Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Commissioner of Income Tax (Appeals) ( CIT(A) ) restricting disallowance on alleged bogus purchases to 12.5%...
![Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077434-bogus-purchases-itat-penalty-taxscan.webp "Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]")
![Calcutta HC Dismisses Writ Petition as Income Tax Dept Not Interested to pursue Demand u/s 143 [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077394-calcutta-high-court-income-tax-department-taxscan.webp "Calcutta HC Dismisses Writ Petition as Income Tax Dept Not Interested to pursue Demand u/s 143 [Read Order]")