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Centre Releases ₹6,418 Crore to Maharashtra as Additional Tax Devolution to Boost Development and Welfare Initiatives
The Central Government has released an additional amount of Rs. 6,418 crore to Maharashtra as part of a nationwide distribution of tax revenues to...
![ITAT Remands ₹2.81 Cr on Long-Term Capital Gains Addition Granting One More Opportunity to Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094213-itat-capital-gains-taxscan.webp "ITAT Remands ₹2.81 Cr on Long-Term Capital Gains Addition Granting One More Opportunity to Assessee [Read Order]")
![ITAT Dismisses Penalty Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094216-income-tax-vivad-se-vishwas-scheme-taxscan.webp "ITAT Dismisses Penalty Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme [Read Order]")
![Delhi Govt. Notifies GST Rate Changes on Services: Reflects Decisions from 56th GST Council Meeting [Read Notification]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094196-gst-rate-changes-taxscan.webp "Delhi Govt. Notifies GST Rate Changes on Services: Reflects Decisions from 56th GST Council Meeting [Read Notification]")
NFRA Releases Auditor-Audit Committee Interactions Series 4: Accounting Estimates, Judgements & Impairment of Non-financial Assets
The National Financial Reporting Authority (NFRA) has released Series 4 of its Auditor-Audit Committee Interactions, with this iteration focusing on accounting estimates, judgements and impairment...
Trusts Claims Events Like Annadaanam and Pongala were Social-Cultural Gatherings Not Purely Religious: ITAT Directs CIT(E) to Recompute Expenditure [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, while noting that the trusts claims on events like annadanam and pongala were Social-Cultural gatherings and not purely religious,...
![Trusts Claims Events Like Annadaanam and Pongala were Social-Cultural Gatherings Not Purely Religious: ITAT Directs CIT(E) to Recompute Expenditure [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094184-itat-cite-taxscan.webp "Trusts Claims Events Like Annadaanam and Pongala were Social-Cultural Gatherings Not Purely Religious: ITAT Directs CIT(E) to Recompute Expenditure [Read Order]")
Relief to Contractor: ITAT Deletes ₹12.44 Lakh Income Tax Addition u/s 68 on Cash Deposits, Recognises Receipts as Business Income from Construction Contracts [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) set aside ₹12.44 Lakh addition under Section 68 and upheld the construction contract receipts and usage. The assessee Jitudan...
![Relief to Contractor: ITAT Deletes ₹12.44 Lakh Income Tax Addition u/s 68 on Cash Deposits, Recognises Receipts as Business Income from Construction Contracts [Read Order]](https://images.taxscan.in/h-upload/2025/10/05/500x300_2094011-relieftocontractor-itat-incometaxaddition-cashdeposits-receipts-businessincome-constructioncontracts-taxscanoptimized150.webp "Relief to Contractor: ITAT Deletes ₹12.44 Lakh Income Tax Addition u/s 68 on Cash Deposits, Recognises Receipts as Business Income from Construction Contracts [Read Order]")