![Proper Officer Shall Consider Dropping GST Cancellation Proceedings if Pending Returns and Dues Are Cleared: Gauhati HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099430-proper-officer-gst-cancellation-dropping-gst-cancellation-gst-cancellation-proceedings-taxscan.webp "Proper Officer Shall Consider Dropping GST Cancellation Proceedings if Pending Returns and Dues Are Cleared: Gauhati HC [Read Order]")
Proper Officer Shall Consider Dropping GST Cancellation Proceedings if Pending Returns and Dues Are Cleared: Gauhati HC [Read Order]
In a recent ruling, the Gauhati High Court held that a proper officer shall consider dropping GST cancellation proceedings if a taxpayer furnishes...
![Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099460-llp-profit-share-goodwill-capital-gains-itat-income-tax-appellate-tribunal-taxscan-.webp "Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]")
![Co-operative Society Entitled to Claim Deduction u/s 57 for Expenditure Incurred on Interest Income from Banks: ITAT Remits Income Tax Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099400-interest-income-co-operative-society-taxscan.webp "Co-operative Society Entitled to Claim Deduction u/s 57 for Expenditure Incurred on Interest Income from Banks: ITAT Remits Income Tax Matter [Read Order]")
![Unsecured Loan Genuine and Merely Carried Forward from Earlier Year, Not Fresh Borrowing: ITAT Deletes Rs. 2.50 Cr Income Tax Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099394-unsecured-loan-fresh-borrowing-loan-itat-income-tax-addition-income-tax-taxscan.webp "Unsecured Loan Genuine and Merely Carried Forward from Earlier Year, Not Fresh Borrowing: ITAT Deletes Rs. 2.50 Cr Income Tax Addition u/s 68 [Read Order]")
![Interest on IGST Refund Mandatorily Payable After 60 Days from Due Date: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099384-gujarat-high-court-igst-refund-interest-taxscan.webp "Interest on IGST Refund Mandatorily Payable After 60 Days from Due Date: Gujarat HC [Read Order]")
Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) remanded the matter relating to unexplained cash addition of Rs. 2.05 crore under Section 69 for fresh verification of the source of share ...
![Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099387-unexplained-cash-itat-fresh-verification-taxscan.webp "Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]")
Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that a co-operative society is entitled to a deduction under Section 80P(2)(d) of the Income Tax Act in respect of interest earned ...
![Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099348-co-operative-society-co-operative-bank-investments-itat-taxscan.webp "Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]")
Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as 'Equitable Relief' [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to an auto driver assessee in a case involving the disallowance of ₹34.77 lakh towards long-term capital gains. In...
![Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as Equitable Relief [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099370-lack-digital-access-itat-lakh-ltcg-taxscan.webp "Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as Equitable Relief [Read Order]")
![No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099391-no-disallowance-no-exempt-income-earned-itat-taxscan.webp "No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]")
Estimated Addition of Rs. 42.37 Lakh Bogus Purchases Insufficient for Penalty u/s 271(1)(c): ITAT dismisses Revenue Appeal [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the revenue’s appeal and upheld the deletion of penalty under Section 271(1)(c) on the confirmed addition of 7.5% of...
![Estimated Addition of Rs. 42.37 Lakh Bogus Purchases Insufficient for Penalty u/s 271(1)(c): ITAT dismisses Revenue Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099339-estimated-addition-bogus-purchases-penalty-itat-revenue-appeal-taxscan.webp "Estimated Addition of Rs. 42.37 Lakh Bogus Purchases Insufficient for Penalty u/s 271(1)(c): ITAT dismisses Revenue Appeal [Read Order]")
DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]
The Director General of Foreign Trade (DGFT) has reinstated and amended the Standard Input Output Norms (SION) C-676 for the export of “Hot Dipped Galvanised Tension Bar / Gate Rods / Truss Rods /...
![DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099383-dgft-reinstates-amends-sion-export-of-hot-dipped-galvanised-tension-bars-gate-rods-truss-rods-drop-rods-taxscan.webp "DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]")
