![STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109845-stpi-total-income-madras-hc-it-act-profits-taxscan.webp "STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]")
STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]
The Madras High Court in a recent case of Cognizant Technology Solutions India Pvt. Ltd has ruled that losses incurred by Software Technology Parks...
![Delhi HC upholds ITAT order allowing Exemption Claim made by Charitable Trust u/s 10(23C)(iv) of Income Tax Act, Considering Previous year Position [Read Order]](https://images.taxscan.in/h-upload/2025/09/22/250x150_2089477-charitable-trust-taxscan.webp "Delhi HC upholds ITAT order allowing Exemption Claim made by Charitable Trust u/s 10(23C)(iv) of Income Tax Act, Considering Previous year Position [Read Order]")
![Rs.14.93 Crores Addition u/s 68 for Share Capital Premium: ITAT Deletes AOs Addition, Upholds Genuineness of Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Bombay-HC-Interest-Expenditure-Interest-Free-Surplus-Fund-Investment-TAXSCAN.jpg "Rs.14.93 Crores Addition u/s 68 for Share Capital Premium: ITAT Deletes AOs Addition, Upholds Genuineness of Funds [Read Order]")
![Centre declares Income Tax Directorate’s Computer Resources as Protected Systems under IT Act, 2000 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-tax-Income-Tax-Directorate-Computer-Resources-as-Protected-Systems-taxscan.jpg "Centre declares Income Tax Directorate’s Computer Resources as Protected Systems under IT Act, 2000 [Read Notification]")
Granting Approval u/s 80G(5)(vi) of Income Tax Act merely relying on instrument creating the trust is not valid: Punjab & Haryana HC [Read Order]
In a recent case, the High Court of Punjab and Haryana has held that granting approval under section 80g(5)(vi) of the Income Tax Act, 1961 merely relying on the instrument creating the trust is not...
![Granting Approval u/s 80G(5)(vi) of Income Tax Act merely relying on instrument creating the trust is not valid: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Punjab-Haryana-High-court-Income-Tax-Act-Granting-Approval-taxscan.jpg "Granting Approval u/s 80G(5)(vi) of Income Tax Act merely relying on instrument creating the trust is not valid: Punjab & Haryana HC [Read Order]")
Delay in Preferring reply to Pre Assessment Notice: Kerala HC set aside Assessment order under Income Tax Act passed without considering Reply of Assessee
In a case, the Kerala High Court set aside the assessment order under the Income Tax Act, 1961 which was passed without considering the reply of the asseseee to the assessment Notice. Mallisseri...
ITAT quashes GP Ratio Application on Gross Receipts in Absence of Suppression or Discrepancy, upholds Addition of Unexplained Expenditure u/s 69C of IT Act as Negotiations Not Proved
The Income Tax Appellate Tribunal (ITAT), Delhi bench has quashed the rejection of books of accounts of the assessee and the Gross Profit (GP) Ratio application on Gross Receipts in the absence of...
Penalty Against Agriculturist for Accepting Loan Through Banking Channel u/s 269SS of IT Act, 1961: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that no penalty can be levied against an agriculturist for accepting a loan of more than Rs. 20,000/- in cash if the loan is...
![Penalty Against Agriculturist for Accepting Loan Through Banking Channel u/s 269SS of IT Act, 1961: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Agriculturist-Accepting-Loan-Banking-Channel-IT-TAXSCAN.jpeg "Penalty Against Agriculturist for Accepting Loan Through Banking Channel u/s 269SS of IT Act, 1961: ITAT [Read Order]")
Central Govt to Set Up DGGI Offices Cell to Monitor Websites and Portals Running without Paying Tax: GST Council
The 51st meeting of the Goods and Services Tax (GST) Council was conducted on August 2nd 2023 through video conferencing in New Delhi, with Nirmala Sitharaman, the union Finance Minister, presiding...
Karnataka HC Dismisses WP against Issuance of Blocking Orders u/s 69A of IT Act on ground of Non-Violative of Doctrine of Proportionality [Read Order]
The Bengaluru bench of Karnataka High Court dismissed the writ petition against the issuance of blocking orders under section 69A of the Information Technology Act,2000 on the ground of the...
![Karnataka HC Dismisses WP against Issuance of Blocking Orders u/s 69A of IT Act on ground of Non-Violative of Doctrine of Proportionality [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Karnataka-High-Court-Dismisses-WP-Karnataka-High-Court-WP-Issuance-of-Blocking-Orders-IT-Act-Doctrine-of-Proportionality-taxscan.jpg "Karnataka HC Dismisses WP against Issuance of Blocking Orders u/s 69A of IT Act on ground of Non-Violative of Doctrine of Proportionality [Read Order]")