Project Completion Method Upheld: ITAT Deletes ₹3.56 Crore Addition for Real Estate Developer [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 3,56,16,215 made by the Assessing Officer (AO) held that...
![Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062503-unexplained-cash-credits-taxable-despite-rejected-books-itat-upholds-taxscan.webp "Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]")
![Issuance of Reassessment Notice Under Income Tax Act Beyond Limitation Under TOLA: Gujarat HC Quashes It as Time-Barred [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/250x150_2061823-issuance-of-reassessment-notice-reassessment-notice-reassessment-notice-under-income-tax-act-taxscan.webp "Issuance of Reassessment Notice Under Income Tax Act Beyond Limitation Under TOLA: Gujarat HC Quashes It as Time-Barred [Read Order]")
![Failure to Follow SOP in Faceless Proceedings for Non-Responsive PAN Holder: Gujarat HC Quashes Income Tax Assessment [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/250x150_2061871-failure-to-follow-sop-sop-sop-in-faceless-proceedings-sop-in-faceless-proceedings-for-non-responsive-pan-holder-taxscan.webp "Failure to Follow SOP in Faceless Proceedings for Non-Responsive PAN Holder: Gujarat HC Quashes Income Tax Assessment [Read Order]")
![Prior Cash Withdrawals For Medical Treatment: ITAT Deletes ₹29.24 Lakh Cash Deposit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/06/250x150_2059960-prior-cash-withdrawals-prior-cash-withdrawals-for-medical-treatment-cash-withdrawals-taxscan.webp "Prior Cash Withdrawals For Medical Treatment: ITAT Deletes ₹29.24 Lakh Cash Deposit Addition [Read Order]")
'I Need My ITR Refund for Surgery’: Taxpayer Shares Medical Bills with Income Tax Dept seeking urgent Refund
Using the social media site X (previously Twitter), a taxpayer made a sincere request to the Income Tax Department, requesting that his long-overdue income taxreturn be processed immediately due to...
Tax Professionals, Income Taxpayers under Confusion as Portal Turns on ITR-2 and ITR-3 for e-Filing Momentarily
Income-tax professionals and individual taxpayers were left scrambling this morning after the Income TaxDepartment’s e-Filing portal unexpectedly displayed options for ITR-2 and ITR-3 forms during a...
NRI’s Property Investment Explained with Bank Statements and Agreements: ITAT Quashes Addition Due to Jurisdictional Error
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an assessment order adding Rs. 69.99 lakh as unexplained investment under Section 69 of the Income Tax Act, 1961 as the...
Managing Section 143(2) Income Tax Scrutiny Notices for AY 2024–25: A Guide for Tax Practitioners with Checklist for Taxpayers
The Central Board of Direct Taxes has initiated the widespread issuance of scrutiny notices under Section 143(2) of the Income Tax Act for the Assessment Year 2024–25. As tax professionals, it is...
No Error in AO’s Order, Interest Deduction u/s 24(b) on Property Loan Valid: ITAT overturns PCIT’s Order [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act,...
![No Error in AO’s Order, Interest Deduction u/s 24(b) on Property Loan Valid: ITAT overturns PCIT’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/500x300_2055200-no-error-in-aos-order-aos-order-interest-deduction-deduction-property-loan-taxscan.webp "No Error in AO’s Order, Interest Deduction u/s 24(b) on Property Loan Valid: ITAT overturns PCIT’s Order [Read Order]")