![Income Addition Based on Third-Party Disclosure Without Evidence Not Sustainable: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/24/500x300_2068575-itat-income-addition-disclosure-taxscan.webp "Income Addition Based on Third-Party Disclosure Without Evidence Not Sustainable: ITAT [Read Order]")
Income Addition Based on Third-Party Disclosure Without Evidence Not Sustainable: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that an income addition based solely on third-party disclosure without supporting...
![CBDT extends Income Tax Exemption for Sovereign Wealth and Pension Funds u/s 10(23FE) of Income Tax Act [Read Notification]](https://images.taxscan.in/h-upload/2025/07/15/250x150_2064072-income-tax-act-pension-funds-sovereign-wealth-taxscan.webp "CBDT extends Income Tax Exemption for Sovereign Wealth and Pension Funds u/s 10(23FE) of Income Tax Act [Read Notification]")
Viral Video Claims Shaktikanta Das Endorses ₹1 Million/Month Investment: PIB Fact Check Reveals Truth
A video that has gone viral on social media claims that Former Reserve Bank ofIndia ( RBI ) Governor Shaktikanta Das has approved a scheme that offers huge returns, an alleged ₹1 million monthly...
Partial Relief to Motorola: ITAT Treats Software Expenses as Revenue Expenditure Citing Recurring Maintenance and No Enduring Benefit [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) granted partial relief to Motorola Solutions by holding that software expenses incurred by the company were revenue in nature, as they...
![Partial Relief to Motorola: ITAT Treats Software Expenses as Revenue Expenditure Citing Recurring Maintenance and No Enduring Benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Motorola-Software-Expenses-ITAT-Treats-Software-Expenses-Taxscan-1.jpg "Partial Relief to Motorola: ITAT Treats Software Expenses as Revenue Expenditure Citing Recurring Maintenance and No Enduring Benefit [Read Order]")
Relief for Punjab and Sind Bank: Delhi HC Rules Income from Bank-Held Securities as Business Profits, Not Investment Returns [Read Order]
In a recent decision, the Delhi High Court ruled that income from securities held by banks such securities are to be treated as stock-in-trade. So, the income derived from them should be assessed...
![Relief for Punjab and Sind Bank: Delhi HC Rules Income from Bank-Held Securities as Business Profits, Not Investment Returns [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-High-Court-Punjab-and-Sind-Bank-Not-Investment-Returns-taxscan.jpg "Relief for Punjab and Sind Bank: Delhi HC Rules Income from Bank-Held Securities as Business Profits, Not Investment Returns [Read Order]")
India & Malaysia hold Meeting in New Delhi - ASEAN-India Trade, Market Access and Semiconductor Industry Discussed
India and Malaysia undertook a high-level bilateral meeting to discuss trade, investment, and technology collaboration in New Delhi on March 18, 2025. The Union Minister of State for Commerce &...
