Mutual Fund Taxation in India: Everything You Need to Know in 2025
The 2025 Union Budget brought several updates to the taxation of mutual funds under the Income Tax Act. These changes are particularly relevant for...
![HUFs Share Transaction Dispute Concluded as ITAT Accepts Vivad Se Vishwas Settlement [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Vivad-Se-Vishwas-Scheme-.jpg "HUFs Share Transaction Dispute Concluded as ITAT Accepts Vivad Se Vishwas Settlement [Read Order]")
![ITAT Weekly Round - Up [Feb 1st-Feb 7th,2025]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Weekly-0-Round-Up-Feb-1st-Feb-7-taxscan.jpg "ITAT Weekly Round - Up [Feb 1st-Feb 7th,2025]")
Reassessment of ₹20.19 lakh LTCG as bogus: ITAT Quashes Assessment Due to Lack of Tangible Evidence [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment of ₹20.19 lakh Long Term Capital Gain ( LTCG ) as bogus due to lack of tangible evidence. Pradip Kumar Jajodia...
![Reassessment of ₹20.19 lakh LTCG as bogus: ITAT Quashes Assessment Due to Lack of Tangible Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Kolkata-Tangible-Evidence-Reassessment-Income-Tax-Appellate-Tribunal-LTCG-as-bogus-taxscan.jpg "Reassessment of ₹20.19 lakh LTCG as bogus: ITAT Quashes Assessment Due to Lack of Tangible Evidence [Read Order]")
![Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Kolkata-LTCG-addition-unsecured-loans-lack-of-documentation-ITAT-remands-AO-review-Section-68-of-Income-Tax-Act-Section-68-Income-Tax-Appellate-Tribuna-Income-Tax-taxscan.jpg "Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]")
ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ranchi Bench, has set aside the order of the Commissioner of Income Tax (Appeals) (CIT(A)) and directed the reassessment of the long-term capital gain (LTCG)...
![ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-LTCG-Claim-Evidence-Cheque-Transactions-taxscan.jpg "ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]")
[BREAKING] CIT(A) directs AO to allow Income Tax 87A Rebate on STCG earlier Disallowed by Portal during Processing FY 2023-24 ITR Post-Verification [Read Order]
In a significant development, the Commissioner of Income Tax (Appeals) [CIT(A)] has ruled in favor of an appellant, directing the Assessing Officer to allow the rebate under Section 87A of the Income...
![[BREAKING] CIT(A) directs AO to allow Income Tax 87A Rebate on STCG earlier Disallowed by Portal during Processing FY 2023-24 ITR Post-Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CITA-AO-Income-Tax-87A-Rebate-STCG-Disallowed-Portal-Processing-FY-2023-24-ITR-post-verification-taxscan.jpg "[BREAKING] CIT(A) directs AO to allow Income Tax 87A Rebate on STCG earlier Disallowed by Portal during Processing FY 2023-24 ITR Post-Verification [Read Order]")
Delhi HC upholds PCIT Order overruling AO’s erroneous Land Classification in Income Tax Assessment Order [Read Order]
The Delhi High Court in a recently upheld an Order passed by the Principal Commissioner of Income Taxes, Delhi-11 ( PCIT ), ruling against the incorrect classification of an Assessee’s land by the...
![Delhi HC upholds PCIT Order overruling AO’s erroneous Land Classification in Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Income-Tax-Assessment-Order-Delhi-High-Court-Delhi-HC-on-Land-Classification-in-Tax-Assessment-Taxscan.jpg "Delhi HC upholds PCIT Order overruling AO’s erroneous Land Classification in Income Tax Assessment Order [Read Order]")
ITAT deletes Rs. 6 lakh penalty u/s 271D due to bonafide claim of LTCG on part of assessee [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) deletes Rs. 6 lakh penalty on the assessee over an alleged violation of Section 269SS of the Income Tax Act, 1961. In this case,...
![ITAT deletes Rs. 6 lakh penalty u/s 271D due to bonafide claim of LTCG on part of assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-ITAT-deletes-bonafide-claim-LTCG-Section-269SS-of-the-Income-Tax-Act-Income-Tax-Appellate-Tribunal-ITAT-news-ITAT-updates-taxscan.jpg "ITAT deletes Rs. 6 lakh penalty u/s 271D due to bonafide claim of LTCG on part of assessee [Read Order]")