Eeva Mary Sanil
![ITAT Quashes ₹84 Lakh Addition Made u/s 69A, accepts Assessee’s Explanation on Cheque Discounting for Working Capital [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Working-Capital-Assessee-Discounting-for-Working-Capital-taxscan.jpg "ITAT Quashes ₹84 Lakh Addition Made u/s 69A, accepts Assessee’s Explanation on Cheque Discounting for Working Capital [Read Order]")
ITAT Quashes ₹84 Lakh Addition Made u/s 69A, accepts Assessee’s Explanation on Cheque Discounting for Working Capital [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) granted relief to assessee, Nirmaladevi Shreegopal Kanodia by deleting an addition...
![ITAT Weekly Round-Up [April 1st-26th]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Income-tax-news-Income-tax-updates-ITAT-Tax-judgments-TAXSCAN.jpg "ITAT Weekly Round-Up [April 1st-26th]")
![ITAT Validates AO’s Estimation of Gross Profit at 20.97% for Road Contractor Amidst Unverifiable Cash Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Cash-Transactions-.jpg "ITAT Validates AO’s Estimation of Gross Profit at 20.97% for Road Contractor Amidst Unverifiable Cash Transactions [Read Order]")
ITAT quashes Final Assessment Order Passed Without Draft Order, terms it Void ab Initio [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed assessment orders passed against the assessee Sanko Svance JRG Tooling India Pvt. Ltd. for Assessment Year 2016–17, declaring...
![ITAT quashes Final Assessment Order Passed Without Draft Order, terms it Void ab Initio [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Draft-Order-Delhi-ITAT-Assessment-Order-taxscan.jpg "ITAT quashes Final Assessment Order Passed Without Draft Order, terms it Void ab Initio [Read Order]")
ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT), in a recent ruling, gave relief to the assessee, setting aside a penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. This...
![ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Penalty-Depreciation-Claim-TAXSCAN.jpg "ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]")
Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed additions totalling ₹1.05 crore, holding that the alleged cash deposits were, in fact, customer liabilities and not taxable...
![Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/deposits-ITAT-income-tax-taxscan.jpg "Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]")
ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271(1)(c) of the Income Tax Act, 1961, was not sustainable as the omission of...
![ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-penalty-rejects-Precedent-TAXSCAN.jpg "ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]")
No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has remanded a matter back to the Assessing Officer for fresh verification in a case involving alleged capital gains based on a cancelled...
![No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/WhatsApp-Image-2025-04-08-at-1.39.50-PM.jpeg "No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]")
Income Tax Addition for Turnover Mismatch Set Aside Due to Lack of Evidence: ITATÂ Deletes Disallowance under Section 40A(3) as Income was Estimated [Read Order]
In a recent ruling, the Raipur Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed appeals for multiple assessment years by holding that where income is assessed on an estimated basis,...
![Income Tax Addition for Turnover Mismatch Set Aside Due to Lack of Evidence: ITATÂ Deletes Disallowance under Section 40A(3) as Income was Estimated [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Raipur-Income-Tax-Addition-Addition-for-Turnover-Mismatch-TAXSCAN.jpg "Income Tax Addition for Turnover Mismatch Set Aside Due to Lack of Evidence: ITATÂ Deletes Disallowance under Section 40A(3) as Income was Estimated [Read Order]")