![Disallowance in Unabated Assessment Without Incriminating Material: ITAT Upholds Deletion of ₹16.29 Lakh Penalty u/s 271(1)(c) [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070898-itat-penalty-deletes-taxscan.webp "Disallowance in Unabated Assessment Without Incriminating Material: ITAT Upholds Deletion of ₹16.29 Lakh Penalty u/s 271(1)(c) [Read Order]")
Disallowance in Unabated Assessment Without Incriminating Material: ITAT Upholds Deletion of ₹16.29 Lakh Penalty u/s 271(1)(c) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, 1961 and...
![Disallowance of Agricultural Income in Revisionary Proceedings: ITAT Deletes Addition, Confirms 88.62 Acres under Cultivation Including Eucalyptus Trees [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070921-itat-cuttack-agricultural-income-revisionary-proceedings-taxscan.webp "Disallowance of Agricultural Income in Revisionary Proceedings: ITAT Deletes Addition, Confirms 88.62 Acres under Cultivation Including Eucalyptus Trees [Read Order]")
![ITAT Quashes Part of Income Tax Addition u/s 69A on Cash Deposits During Demonetization Based on Sales Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070895-itat-itat-quashes-itat-quashes-part-of-income-tax-addition-income-tax-addition-taxscan.webp "ITAT Quashes Part of Income Tax Addition u/s 69A on Cash Deposits During Demonetization Based on Sales Evidence [Read Order]")
![NCLAT Directs GST Department to Decide on Disposal of Seized Cigarette Stock in Liquidation Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070763-cigarette-stock-liquidation-case.webp "NCLAT Directs GST Department to Decide on Disposal of Seized Cigarette Stock in Liquidation Case [Read Order]")
![Relief for BPL Ltd: CESTAT Rules Payment Received from JVA as Pure Reimbursement for Business Transfer Delay, Not Manpower Supply [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2071041-cestat-bangalore-bpl-ltd-payment-received-taxscan.webp "Relief for BPL Ltd: CESTAT Rules Payment Received from JVA as Pure Reimbursement for Business Transfer Delay, Not Manpower Supply [Read Order]")
Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]
The Orissa HighCourt recently set aside an assessment order passed under Section 147 read with Section 144 and 144B of the Income Tax Act, 1961, observing plausibility of double taxation of the same...
![Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2071020-orissa-high-court-double-taxation-income-taxscan.webp "Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]")
Income from Revocable Trust Taxable in Settlor’s Hands, Not Trust: ITAT Grants Relief Under India-UAE DTAA [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the Assessing Officer (AO) in the hands of the trust and ruled that the income from investments is taxable...
![Income from Revocable Trust Taxable in Settlor’s Hands, Not Trust: ITAT Grants Relief Under India-UAE DTAA [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2071058-income-from-revocable-trust-revocable-trust-taxable-in-settlors-hands-taxscan.webp "Income from Revocable Trust Taxable in Settlor’s Hands, Not Trust: ITAT Grants Relief Under India-UAE DTAA [Read Order]")
CPC Adjustments on Exempt Income and Disallowances Invalid: ITAT Deletes ₹5.95 Cr Additions, Citing Technical Glitches and Lack of Judicial Application [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that adjustments made by the Central Processing Centre (CPC) under Section 143(1) of the Income Tax Act, 1961, were invalid due to ...
![CPC Adjustments on Exempt Income and Disallowances Invalid: ITAT Deletes ₹5.95 Cr Additions, Citing Technical Glitches and Lack of Judicial Application [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070904-itat-mumbai-cpc-adjustments-technical-glitches-taxscan.webp "CPC Adjustments on Exempt Income and Disallowances Invalid: ITAT Deletes ₹5.95 Cr Additions, Citing Technical Glitches and Lack of Judicial Application [Read Order]")
NCLAT Closes CIRP in Rare Court-Monitored Insolvency, After Flat Possession Given to Allottees [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has formally closed the Corporate Insolvency Resolution Process (CIRP) of Grand Reality Pvt. Ltd., after confirming that the construction of the...
![NCLAT Closes CIRP in Rare Court-Monitored Insolvency, After Flat Possession Given to Allottees [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070761-nclat-cirp-taxscan.webp "NCLAT Closes CIRP in Rare Court-Monitored Insolvency, After Flat Possession Given to Allottees [Read Order]")
![No Finality on Liquidator Removal Until Voting Rights Issue Settled: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070744-2067597-nclat-refuses-recall-dismissal-order-no-grounds-reassessment-taxscan.webp "No Finality on Liquidator Removal Until Voting Rights Issue Settled: NCLAT [Read Order]")
Disallowance u/s 14A Cannot Be Added Back While Computing Book Profits u/s 115JB of Income Tax: ITAT [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that disallowance under Section 14A cannot be added back while computing book profits under Section 115JB of the Income ...
![Disallowance u/s 14A Cannot Be Added Back While Computing Book Profits u/s 115JB of Income Tax: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070742-disallowance-ao-taxscan.webp "Disallowance u/s 14A Cannot Be Added Back While Computing Book Profits u/s 115JB of Income Tax: ITAT [Read Order]")