![Mismatch in Form 26AS Led to ₹15.43 lakh Addition: ITAT Remands Matter to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069406-itat-addition-taxscan.webp "Mismatch in Form 26AS Led to ₹15.43 lakh Addition: ITAT Remands Matter to AO for Verification [Read Order]")
Mismatch in Form 26AS Led to ₹15.43 lakh Addition: ITAT Remands Matter to AO for Verification [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for verification, after noting that...
Madras HC Holds Income Tax Revision u/s 263 Time-Barred as Limitation Must Be Computed from Original Assessment Date [Read Order]
The High Court of Madras, held that the revision order passed under Section 263 of the Income Tax Act,1961, was time-barred, as the two-year limitation period must be computed from the date of the...
![Madras HC Holds Income Tax Revision u/s 263 Time-Barred as Limitation Must Be Computed from Original Assessment Date [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069394-madras-hc-income-tax-revision-us-263-time-barred-limitation-computed-original-assessment-date-taxscan.webp "Madras HC Holds Income Tax Revision u/s 263 Time-Barred as Limitation Must Be Computed from Original Assessment Date [Read Order]")
India Extends ₹4,850 crore Line of Credit to Maldives: Bilateral Collaboration Strategies penned during PM Modi’s Visit
India extended a ₹4,850 crore Line of Credit to the Maldives during Prime Minister Narendra Modi’s two-day state visit to the island nation. Tensions were earlier rife between India and the...
ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Short Term Capital Gains (STCG) addition and allowed Long Term Capital Gains ( LTCG ) exemption under Section 10(38) of...
![ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069358-fraudulent-capital-gain-capital-gain-itat-taxscan.webp "ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]")
Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restricted the disallowance to 8% under section 69C of Income Tax Act,1961, for alleged bogus purchases, citing accepted sales and...
![Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069350-disallowance-taxscan.webp "Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]")
Grounds for GST Cancellation not shared with Taxpayer or cited in SCN: Bombay HC quashes Order [Read Order]
In a recent decision, the Bombay High Court ruled that a GST cancellation order is invalid if it relies on documents that were not shared with the taxpayer or mentioned in the show cause notice. ...
![Grounds for GST Cancellation not shared with Taxpayer or cited in SCN: Bombay HC quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069292-bombay-high-court-gst-cancellation-scn-taxscan.webp "Grounds for GST Cancellation not shared with Taxpayer or cited in SCN: Bombay HC quashes Order [Read Order]")
Fake Tech Support Racket: ED Busts Chandigarh Call Centres posing as Microsoft and HP Support to Dupe US Customers [Read Order]
The Directorate ofEnforcement (ED), Chandigarh Zonal Office has conducted midnight searches on illegal call centres operating across Chandigarh Tricity for duping foreign customers by posing as tech...
![Fake Tech Support Racket: ED Busts Chandigarh Call Centres posing as Microsoft and HP Support to Dupe US Customers [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069325-call-centrescam.webp "Fake Tech Support Racket: ED Busts Chandigarh Call Centres posing as Microsoft and HP Support to Dupe US Customers [Read Order]")
Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]
In a recent ruling, the Telangana High Court quashed an income tax show-cause notice (SCN) and assessment order noting that the Income Tax Department failed to adhere to its own Standard Operating...
![Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069304-scn-income-tax-taxscan.webp "Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]")