![Paintings Gifted by Well-Known Artists: Delhi HC Confirms Through Diwali Cards and Signed Letters, Deletes ₹34.67 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Delhi-High-Court-Gifted-paintings-Paintings-Gifted-by-Well-Known-Artists-taxscan.jpg "Paintings Gifted by Well-Known Artists: Delhi HC Confirms Through Diwali Cards and Signed Letters, Deletes ₹34.67 Lakh Addition [Read Order]")
Paintings Gifted by Well-Known Artists: Delhi HC Confirms Through Diwali Cards and Signed Letters, Deletes ₹34.67 Lakh Addition [Read Order]
In a recent decision, the Delhi High Court deleted a tax addition of Rs. 34,67,900, ruling that paintings in his possession were genuine gifts from...
![IBF’s Fund Deployment in BARC Not for Profit: Delhi HC Upholds Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Indian-Broadcasting-Foundation.jpg "IBF’s Fund Deployment in BARC Not for Profit: Delhi HC Upholds Tax Exemption [Read Order]")
![ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Depreciation-ITAT-Lease-Rent-TAXSCAN.jpg "ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]")
![ITAT Remands Ecoboard Industries’ Appeals for Fresh Decision observing Consultant’s Error and Financial Distress [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Ecoboard-Industries-ITAT-Consultants-Error-taxscan.jpg "ITAT Remands Ecoboard Industries’ Appeals for Fresh Decision observing Consultant’s Error and Financial Distress [Read Order]")
![Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/deposits-ITAT-income-tax-taxscan.jpg "Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]")
Exemption u/s 11 and 12 for Charitable Trusts Can't Be Denied on Mere Technical Errors : ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Pune bench held that the exemption under sections 11 and 12 of the Income Tax Act, 1961, cannot be denied for mere procedural defaults if...
![Exemption u/s 11 and 12 for Charitable Trusts Cant Be Denied on Mere Technical Errors : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/charitable-trust-Technical-Errors-ITAT-taxscan.jpg "Exemption u/s 11 and 12 for Charitable Trusts Cant Be Denied on Mere Technical Errors : ITAT [Read Order]")
Relief to Malabar Institute of Medical Sciences: Kerala HC Rules Order U/s 263 as Open Remand Not Needing Independent Challenge [Read Order]
By overturning the Income Tax Appellate Tribunal (ITAT) decision, the Kerala High Court held that the orders made under section 263 of the Income Tax Act, 1961 can't be construed as a closed remand...
![Relief to Malabar Institute of Medical Sciences: Kerala HC Rules Order U/s 263 as Open Remand Not Needing Independent Challenge [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/mims.jpg "Relief to Malabar Institute of Medical Sciences: Kerala HC Rules Order U/s 263 as Open Remand Not Needing Independent Challenge [Read Order]")
![CSR Expenditure Eligible for 80G Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/CSR-ITAT-CSR-Expenditure-taxscan.jpg "CSR Expenditure Eligible for 80G Deduction: ITAT [Read Order]")
Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the deduction of interest on a loan taken for share acquisition, recognizing it as a business expense. The Revenue-appellant...
![Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Business-Expenses-.jpg "Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]")
'Proving beyond Reasonable Doubt’ applies to Penal Laws, Tax Reassessment Needs ‘Reason to Believe': Delhi HC [Read Order]
In a recent ruling, the Delhi High Court clarified that the legal standard of “proof beyond reasonable doubt” applies strictly to penal laws and tax authorities require only “reason to believe” based...
![Proving beyond Reasonable Doubt’ applies to Penal Laws, Tax Reassessment Needs ‘Reason to Believe: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Proving-beyond-Reasonable-Doubt-applies-Penal-Laws-Tax-Reassessment-Reason-to-Believe-Delhi-HC-taxscan.jpg "Proving beyond Reasonable Doubt’ applies to Penal Laws, Tax Reassessment Needs ‘Reason to Believe: Delhi HC [Read Order]")
Mining without Environmental Clearance Not Illegal, Income Tax Dept cannot Disallow Expenses without Proof u/s 37(1): Orissa HC [Read Order]
In a recent ruling, the Orissa High Court held that mining without environmental clearance does not automatically constitute illegal mining for taxation purposes and ruled that the Income Tax...
![Mining without Environmental Clearance Not Illegal, Income Tax Dept cannot Disallow Expenses without Proof u/s 37(1): Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Orissa-HC-Illegal-mining-tax-law-Orissa-HC-income-tax-Taxscan.jpg "Mining without Environmental Clearance Not Illegal, Income Tax Dept cannot Disallow Expenses without Proof u/s 37(1): Orissa HC [Read Order]")
ITAT Remands Matter for Fresh Hearing Due to CIT(A)'s Failure to Consider 30 Day Delay Explanation [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter for a fresh hearing due to the Commissioner of Income Tax(Appeals)[CIT(A)]’s failure to consider the assessee’s explanation...
![ITAT Remands Matter for Fresh Hearing Due to CIT(A)s Failure to Consider 30 Day Delay Explanation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-kochi-1.jpg "ITAT Remands Matter for Fresh Hearing Due to CIT(A)s Failure to Consider 30 Day Delay Explanation [Read Order]")