![Senior Citizen’s Demonetization ₹10.46L Deposits Explained as Prior Withdrawals: ITAT Sets Aside Cash Deposit Addition u/s 69A [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079277-itat-demonetization-cash-deposits-taxscan.webp "Senior Citizen’s Demonetization ₹10.46L Deposits Explained as Prior Withdrawals: ITAT Sets Aside Cash Deposit Addition u/s 69A [Read Order]")
Senior Citizen’s Demonetization ₹10.46L Deposits Explained as Prior Withdrawals: ITAT Sets Aside Cash Deposit Addition u/s 69A [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that cash deposits made by the assessee during the demonetization period...
![Central Govt publishes Final Findings in Anti-Dumping Investigation of Liquid Epoxy Resin Imports [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079754-resin-imports-taxscan.webp "Central Govt publishes Final Findings in Anti-Dumping Investigation of Liquid Epoxy Resin Imports [Read Order]")
![Delay in Obtaining Documents Not Sufficient Reason: NCLAT Refuses to Condone 248 days Delay in Recall Plea [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079282-condone-delay-nclat-documents-taxscan.webp "Delay in Obtaining Documents Not Sufficient Reason: NCLAT Refuses to Condone 248 days Delay in Recall Plea [Read Order]")
![GST Offline Rectification u/s 161 Plea Valid, Taxpayer must also file Online Application as Procedural Requirement: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079248-gst-taxpayer-madras-hc-taxscan.webp "GST Offline Rectification u/s 161 Plea Valid, Taxpayer must also file Online Application as Procedural Requirement: Madras HC [Read Order]")
![Indusind Bank Share Transactions Explained, No Unexplained Cash Deposits: ITAT Quashes PCIT’s Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079278-indusind-bank-taxscan.webp "Indusind Bank Share Transactions Explained, No Unexplained Cash Deposits: ITAT Quashes PCIT’s Revision u/s 263 [Read Order]")
Factory Land not Exempted from TDS u/s 194IA: ITAT upholds Income Tax Demand u/s 201 and 201(1A) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam, while upholding the demand under Section 201(1) and 201(1A) of the Income Tax Act, 1961 for failing to deduct 1% TDS (Tax Deducted at...
![Factory Land not Exempted from TDS u/s 194IA: ITAT upholds Income Tax Demand u/s 201 and 201(1A) [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079262-tax-deducted-source-taxscan.webp "Factory Land not Exempted from TDS u/s 194IA: ITAT upholds Income Tax Demand u/s 201 and 201(1A) [Read Order]")
No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, comprising Judicial Member Ravish Sood and Accountant Member S. Balakrishnan, dealt with the issue of rejection of a trust’s...
![No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079733-show-misuse-itat-permanent-registration-taxscan.webp "No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]")
Taxability of Industrial promotional subsidy received by Mahindra & Mahindra Limited: ITAT directs de novo Adjudication. [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has directed the denovo adjudication regarding the taxability of the claim of disallowance of industrial promotional...
![Taxability of Industrial promotional subsidy received by Mahindra & Mahindra Limited: ITAT directs de novo Adjudication. [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079234-itat-mahindra-case-taxscan.webp "Taxability of Industrial promotional subsidy received by Mahindra & Mahindra Limited: ITAT directs de novo Adjudication. [Read Order]")
‘6kg & 7kg’ Cash Entries Not Proven as ₹13 Lakh: ITAT Reduces Addition to ₹1.30 Lakh Due to Lack of Corroboration [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has reduced an addition of ₹13 lakh made on account of cash entries described as “6kg” and “7kg” in seized papers and held that the...
![‘6kg & 7kg’ Cash Entries Not Proven as ₹13 Lakh: ITAT Reduces Addition to ₹1.30 Lakh Due to Lack of Corroboration [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079207-itat-addition-taxscan.webp "‘6kg & 7kg’ Cash Entries Not Proven as ₹13 Lakh: ITAT Reduces Addition to ₹1.30 Lakh Due to Lack of Corroboration [Read Order]")
[BREAKING] Income Tax Act, 2025 notified in Official Gazette for General Information by Ministry of Law and Justice [Read Act]
The Ministry of Law and Justice has notified the Income Tax Act, 2025 in the Official Gazette after it received the President’s assent on Thursday. The Act consolidates and amends India’s existing...
![[BREAKING] Income Tax Act, 2025 notified in Official Gazette for General Information by Ministry of Law and Justice [Read Act]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079680-income-tax-act-2025-income-tax-act-official-gazette-taxscan.webp "[BREAKING] Income Tax Act, 2025 notified in Official Gazette for General Information by Ministry of Law and Justice [Read Act]")
Book profit to be increased by Expenses debited to P&L w.r.t. exempt income, not Disallowance u/s 14A: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has clarified that while computing book profits under Section 115JB of the Income Tax Act (MAT provisions), only the actual expenditure...
![Book profit to be increased by Expenses debited to P&L w.r.t. exempt income, not Disallowance u/s 14A: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078946-disallowance-us-14a-it-act-for-computing-book-profit-us-115jb-act-itat-taxscan.webp "Book profit to be increased by Expenses debited to P&L w.r.t. exempt income, not Disallowance u/s 14A: ITAT [Read Order]")