Aakanksha Bajoria
![Tax Effect Less than ₹60 lacs: ITAT Dismisses Revenue Appeal Respecting CBDT Circular [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/04/tax-effect-site-img.jpg "Tax Effect Less than ₹60 lacs: ITAT Dismisses Revenue Appeal Respecting CBDT Circular [Read Circular]")
Tax Effect Less than ₹60 lacs: ITAT Dismisses Revenue Appeal Respecting CBDT Circular [Read Circular]
The New Delhi bench of Income Tax Appellate Tribunal (ITAT) comprising Shamim Yahya (Accountant Member) and Sudhir Pareek (Judicial Member) has...
![Approval Memo u/s 153D Silent on Issues Involved not Sustainable in Law: ITAT quashes ₹32L Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Memo-site-img.jpg "Approval Memo u/s 153D Silent on Issues Involved not Sustainable in Law: ITAT quashes ₹32L Income Tax Addition [Read Order]")
![Opportunity of Being Heard Must be Provided: ITAT Remits Ex-Parte Order to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Ex-parte-Dismissal-Lack-of-Consideration-ITAT-remands-CITA-taxscan.jpg "Opportunity of Being Heard Must be Provided: ITAT Remits Ex-Parte Order to AO [Read Order]")
![“Adequate and Effective Opportunity of Being Heard must be Provided”: ITAT Remands the Case to Assessing Officer [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-New-Delhi-Adequate-opportunity-of-hearing-TAXSCAN.jpg "“Adequate and Effective Opportunity of Being Heard must be Provided”: ITAT Remands the Case to Assessing Officer [Read Order]")
![No Clear Finding on Merits: ITAT Directs CIT(A) to Decide the Matter Afresh [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Lucknow-ITAT-directs-reassessment-TAXSCAN.jpg "No Clear Finding on Merits: ITAT Directs CIT(A) to Decide the Matter Afresh [Read Order]")
![Failure to Establish Source of Income: ITAT restricts Addition of Income to 25% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Failure-to-Establish-Source-of-Income-Establish-Source-of-Income-Source-of-Income-ITAT-taxscan-2.jpg "Failure to Establish Source of Income: ITAT restricts Addition of Income to 25% [Read Order]")
Advances given in Return for an Advantage by the Shareholder is not Dividend u/s 2(22)(e): ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that advances which are in the nature of commercial transactions would not fall under the purview of the “advance” in Section...
![Advances given in Return for an Advantage by the Shareholder is not Dividend u/s 2(22)(e): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-Shareholder-advantage-and-dividend-TAXSCAN.jpeg "Advances given in Return for an Advantage by the Shareholder is not Dividend u/s 2(22)(e): ITAT [Read Order]")
ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently upheld the invocation of revisional jurisdiction under Section 263 of the Income Tax Act, 1961 by the Principal Commissioner of...
![ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-revisional-jurisdiction-under-section-263-TAXSCAN.jpg "ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]")
Rental Income Offered for Taxation in One Assessment Year Cannot Taxed Again: ITAT Remits Matter to AO [Read Order]
The Surat bench of Income Tax Appellate Tribunal (ITAT) has held that where a rental income is offered for taxation in one assessment year, the same shall be reduced by the Assessing Officer from the...
![Rental Income Offered for Taxation in One Assessment Year Cannot Taxed Again: ITAT Remits Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/rental-income-Taxscan.jpg "Rental Income Offered for Taxation in One Assessment Year Cannot Taxed Again: ITAT Remits Matter to AO [Read Order]")
Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has set aside an order passed by the Principal Commissioner of Income Tax (PCIT) which disallowed the interest expenditure incurred by Tata...
![Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Relief-to-Tata-Chemicals-Tata-Chemicals-ITAT-taxscan.jpg "Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]")