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Calcutta HC lists matter on Substantial Questions of Law including Revisionary Power u/s 263, Improper Calculation and Incomplete Explanation

The High Court at Calcutta listed a matter concerning substantial questions of law including revisionary power under Section 263 of the Income Tax...

ITAT Upholds PCIT Revision u/s 263 as AO Failed to Enquire into Excess Diesel Shortage Claimed by...

Parallel Proceedings for Same AY After CIT(A) Set Aside Reassessment: ITAT Sets Aside ₹169.75 Cr...

Documents Requested for Refund Claim Dates Back Three Decades: Calcutta HC directs PCCIT to Appoint...

Demolition Costs to be Included in LTCG, if Occurred: ITAT Remands Issue to AO to Determine...

Madras HC Reserves Orders on Actor Vijay’s Plea Against ₹1.5 Crore Income Tax Penalty

The Madras High Court reserved orders on writ petition filed by actor Vijay challenging Rs. 1.5 crore income tax penalty imposed for alleged undisclosed income. The case arose from income tax...

Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XVII]

This annual round-up analytically summarizes the key Direct Tax-Income Tax rulings of the Income Tax Appellate Tribunal (ITAT) reported on Taxscan.in in 2025 Partial Relief Granted on Cash...

Income Tax Deductions u/s 80IA and 80HHC can be Claimed Together Subject to 100% Profit Cap: Madras HC

In a recent ruling, the Madras High Court held that deductions under Sections 80IA and 80HHC of the Income Tax Act, 1961 can be claimed together, subject to the condition that the total deduction...

Service Tax Payable on Consolidated Rent Collected by Co-owners when Threshold Exceeds: Calcutta HC on Clubbing of Rent [Read Order]

The Calcutta High Court upheld the tribunal’s decision that consolidated rent received jointly by co-owners under a single lease agreement can attract service tax liability when the amount exceeds...

Bombay HC upholds ITAT Order quashing Revision by PCIT, rules in Favour of Gehna Jewellers despite Non-Furnishing of Carat Wise Details [Read Order]

The Bombay High Court dismissed the Revenue’s appeal against the Income Tax Appellate Tribunal’s order that set aside the Principal Commissioner of Income Tax’s revision under Section 263 for...

S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate Inquiry: Madras HC Upholds AO’s Order [Read Order]

In a recent ruling, the Madras High Court held that Section 263 of theIncome Tax Act, 1961 can be invoked only in cases of “lack of inquiry” and not merely for “inadequate inquiry.” Arul...

Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCIT's Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the free of cost equipment of ₹42.89 crore received from group companies was potentially taxable as a perquisite under...