The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case back to the Assessing Officer (AO) for fresh adjudication after the assessee submitted additional documents, including cash summaries,…
An individual has shared an extraordinary experience of getting two Income Tax Returns ( ITRs ) processed within just three hours of filing and the refund also credited to respective bank accounts…
The Department of Financial Services, Ministry of Finance, has officially notified the introduction of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for recruits to…
The High Court of Madras remanded the challenge on nature of the property as agricultural land or not towards the Debt Recovery Appellate Tribunal, Chennai (“DRAT”) on finding that the tribunal…
The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has allowed Customs Duty exemption on HIV-VL test kits as it qualifies as life-saving diagnostic kits. The…
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the Selection of the wrong clause by the appellant cannot be treated as fatal to the proceedings initiated…
This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week, from June 26th, 2025 to July 5th,…
The Central Board of Direct Taxes has initiated the widespread issuance of scrutiny notices under Section 143(2) of the Income Tax Act for the Assessment Year 2024–25. As tax professionals, it is…
Every year, as tax filing season approaches, many firms and professionals face an important compliance step, which is a tax audit under Section 44AB of the Income Tax Act, 1961. Section…
The Madras High Court has remanded a case back to the Income Tax Department for fresh consideration after noting that an ex parte assessment order was passed without proper service of notice…