![No Error in Treating ₹122.31 Lakh Cash Deposits as Sales: Allahabad HC Backs AO’s Approach [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107186-deposit-allahabad-hc-taxscan.webp "No Error in Treating ₹122.31 Lakh Cash Deposits as Sales: Allahabad HC Backs AO’s Approach [Read Order]")
No Error in Treating ₹122.31 Lakh Cash Deposits as Sales: Allahabad HC Backs AO’s Approach [Read Order]
The Allahabad High Court held that the Assessing Officer (AO) had duly examined the ₹122.31 lakh cash deposits and taken a plausible view by...
![Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106319-itat-chandigarh-capital-gains-itat-quashes-taxscan.webp "Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]")
![PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102753-pcit-suo-motu-revisional-power-apollo-tyres-relief-to-apollo-tyres-taxscan.webp "PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]")
![Bombay HC Condones 447-Day Delay by Income Tax Dept in Filing Appeal Against Acquittal in Tax Evasion Case {Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2099160-bombay-hc-income-tax-dept-filing-appeal-tax-evasion-tax-evasion-case-taxscan.webp "Bombay HC Condones 447-Day Delay by Income Tax Dept in Filing Appeal Against Acquittal in Tax Evasion Case {Read Order]")
![When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097082-bombay-high-court-when-genuineness-of-purchases-taxscan.webp "When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]")
Delhi HC upholds ITAT order Invalidating Penalty Imposed u/s 271 citing Absence of Valid Notice [Read Order]
In a recent case, the Delhi High Court upheld the Income Tax Appellate Tribunal ( ITAT ) order invalidating the penalty imposed under Section 271 of the Income Tax Act, 1961, citing the absence of...
![Delhi HC upholds ITAT order Invalidating Penalty Imposed u/s 271 citing Absence of Valid Notice [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092741-delhi-hc-upholds-itat-order-penalty-taxscan.webp "Delhi HC upholds ITAT order Invalidating Penalty Imposed u/s 271 citing Absence of Valid Notice [Read Order]")
Delhi HC Allows Operation of Salary Account for Subsistence Allowance, Directs PCIT to Decide Appeal Within Eight Weeks [Read Order]
The High Court of Delhi, while disposing of the petition, allowed the petitioner to operate her salary account for the subsistence allowance credited by the employer and directed the...
![Delhi HC Allows Operation of Salary Account for Subsistence Allowance, Directs PCIT to Decide Appeal Within Eight Weeks [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091330-untitled-design-1.webp "Delhi HC Allows Operation of Salary Account for Subsistence Allowance, Directs PCIT to Decide Appeal Within Eight Weeks [Read Order]")
Seven-Year Delay in Filing Appeals Due to Trustee’s Health: Karnataka HC Dismisses Appeal as No Substantial Question of Law Arises [Read Order]
The High Court of Karnataka, in a case involving a seven-year delay in filing appeals due to the trustee’s health, dismissed the appeal, upholding the Income Tax Appellate Tribunal ( ITAT ) and ...
![Seven-Year Delay in Filing Appeals Due to Trustee’s Health: Karnataka HC Dismisses Appeal as No Substantial Question of Law Arises [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078226-law-arises-dismisses-appeal-karnataka-high-court-taxscan.webp "Seven-Year Delay in Filing Appeals Due to Trustee’s Health: Karnataka HC Dismisses Appeal as No Substantial Question of Law Arises [Read Order]")
Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Asianet Satellite Communications Ltd., allowing deduction of interest on delayed statutory payments, including Tax ...
![Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078218-asianet-itat-taxscan.webp "Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]")
![Taxpayer Entitled to Interest on Refund Under DTVSV Act Despite Section 7 Bar: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077553-taxpayer-entitled-to-interest-on-refund-interest-on-refund-taxscan.webp "Taxpayer Entitled to Interest on Refund Under DTVSV Act Despite Section 7 Bar: Kerala HC [Read Order]")
Income Tax Penalty u/s 271(1)(b) for Multiple Defaults Reduced to One: ITAT Limits Levy to Rs. 10,000 [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed an appeal and held that the penalty under section 271(1)(b) of Income Tax Act,1961 for multiple defaults is reduced to one,...
![Income Tax Penalty u/s 271(1)(b) for Multiple Defaults Reduced to One: ITAT Limits Levy to Rs. 10,000 [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076930-income-tax-penalty-itat-taxscan.webp "Income Tax Penalty u/s 271(1)(b) for Multiple Defaults Reduced to One: ITAT Limits Levy to Rs. 10,000 [Read Order]")
Setback for South Indian Bank: ITAT Rules AO Cannot Exceed Scope of S.263 Revision While Passing Consequential Assessment Order [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by South Indian Bank Ltd., holding that the Assessing Officer (AO) cannot go beyond the scope of the revision ...
![Setback for South Indian Bank: ITAT Rules AO Cannot Exceed Scope of S.263 Revision While Passing Consequential Assessment Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076377-south-indian-bank-itat-consequential-assessment-order-taxscan.webp "Setback for South Indian Bank: ITAT Rules AO Cannot Exceed Scope of S.263 Revision While Passing Consequential Assessment Order [Read Order]")