![No Tangible Evidence to Prove GE Steam Power has PE in India: Delhi HC sets aside Reassessment Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-High-court-GE-Steam-Power-TAXSCAN.jpg "No Tangible Evidence to Prove GE Steam Power has PE in India: Delhi HC sets aside Reassessment Notices [Read Order]")
No Tangible Evidence to Prove GE Steam Power has PE in India: Delhi HC sets aside Reassessment Notices [Read Order]
The Delhi High Court, quashed a series of reassessment notices issued under Section 148 of the Income Tax Act, 1961 as there was not tangible...
![No Tangible Evidence of GE Renewables Permanent Establishment in India: Delhi HC Quashes Income Tax Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Reassessment-GE-Renewables-Permanent-Establishment-in-India-taxscan.jpg "No Tangible Evidence of GE Renewables Permanent Establishment in India: Delhi HC Quashes Income Tax Reassessment [Read Order]")
![ITAT Deletes Rs.35 Lakh Addition as Unexplained Cash Credit due to Lack of Legal Basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-credits.jpeg "ITAT Deletes Rs.35 Lakh Addition as Unexplained Cash Credit due to Lack of Legal Basis [Read Order]")
![Creditors Written Off and Discount Receipts Linked to Business Income Taxable at Only 8% of Their Value: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Business-Income-Taxsacan.jpg "Creditors Written Off and Discount Receipts Linked to Business Income Taxable at Only 8% of Their Value: ITAT [Read Order]")
![CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-Time-Limit-CITA-cannot-Direct-Reopening-taxscan.jpg "CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]")
ITAT Restores Trust's Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the trust’s corpus donation matter for a fresh hearing due to the trust’s non-compliance caused by the lack of awareness of...
![ITAT Restores Trusts Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/TAT-Corpus-Donations-Case-Trust-Donations-Tax-Corpus-Donation-Tax-ITAT-Kolkata-Trust-Case-taxscan.jpg "ITAT Restores Trusts Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]")
Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi, recently confirmed income tax additions made by an Assessing Officer on prominent business personality Lalit Kumar Modi, alleging undisclosed...
![Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Foreign-Credit-Card-Expenses-Income-Tax-Income-Tax-Additions-Taxscan.jpg "Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]")
"Revenue not Justified in Addition made based on Rough Noting on Loose Sheets": ITAT quashes S.40 Income Tax Addition [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) of Bangalore quashed an addition made under Section 40A(3) the Income Tax Act, 1961 ( ITA )Â against a real estate development firm...
![Revenue not Justified in Addition made based on Rough Noting on Loose Sheets: ITAT quashes S.40 Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-ITAT-Quashes-Income-Tax-Section-40A3-the-Income-Tax-Act-Loose-Sheets-taxscan.jpg "Revenue not Justified in Addition made based on Rough Noting on Loose Sheets: ITAT quashes S.40 Income Tax Addition [Read Order]")
CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025 [Read Notification]
The Ministry of Finance, Government of India, has recently issued comprehensive guidelines through the Central Board of Direct Taxes ( CBDT ) for the compulsory selection of returns for complete...
![CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/05/CBDT-CBDT-Guidelines-Income-Tax-Returns-Income-Tax-Ministry-of-Finance-TAXSCAN.jpg "CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025 [Read Notification]")
ITAT Directs to Grant TDS Exemption after Verification of TDS Exemption Certificate issued u/s 195(3) of IT Act by Joint Director found Genuine [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the grant of Tax Deducted at Source ( TDS ) exemption after confirming the authenticity of the TDS exemption certificate...
![ITAT Directs to Grant TDS Exemption after Verification of TDS Exemption Certificate issued u/s 195(3) of IT Act by Joint Director found Genuine [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Hyderabad-Income-Tax-TDS-Exemption-TAXSCAN.jpg "ITAT Directs to Grant TDS Exemption after Verification of TDS Exemption Certificate issued u/s 195(3) of IT Act by Joint Director found Genuine [Read Order]")
Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee and held that the addition as unexplained purchase expenses shall be made on failure to...
![Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Addition-Unexplained-Purchase-Purchase-Expenses-Evidence-for-Eviction-of-Encroacher-ITAT-ITAT-mumbai-taxscan.jpg "Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]")
Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that exemption under Section 11 of the Income tax act, 1961 should not be allowed when receipts from activity of General Public...
![Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exemption-Of-Income-Tax-Act-Income-Tax-Act-Income-Tax-receipts-from-activity-of-GPU-General-Public-Utility-receipts-from-activity-GPU-TAXSCAN.jpg "Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]")