Franklin Joshva
![ITAT Quashes Reassessment as AO Fails to Address Objections in Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Reassessment-as-AO-Address-Objections-Proceedings-taxscan.jpg "ITAT Quashes Reassessment as AO Fails to Address Objections in Proceedings [Read Order]")
ITAT Quashes Reassessment as AO Fails to Address Objections in Proceedings [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment proceedings because the Assessing Officer (AO) failed to...
![Lack of proper inquiry on Unexplained Cash Deposits during Demonetization: ITAT restores matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Unexplained-Cash-Deposits-Demonetization-taxscan.jpg "Lack of proper inquiry on Unexplained Cash Deposits during Demonetization: ITAT restores matter [Read Order]")
![ITAT Rules Abandoned IPO Expenses as Revenue in Nature, Deletes Disallowance u/s 37(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Rules-ITAT-Rules-Abandoned-IPO-Expenses-IPO-Revenue-in-Nature-Deletes-Disallowance-Disallowance-taxscan.jpg "ITAT Rules Abandoned IPO Expenses as Revenue in Nature, Deletes Disallowance u/s 37(1) [Read Order]")
![CIT(A) Ex-Parte Adding Rs. 12,06,189 as Undisclosed Income: ITAT directs Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Undisclosed-Income-ITAT-CIT-ITAT-news-Income-tax-income-tax-news-assessment-AO-ITAT-INDIA-ITAT-Jaipur-Taxscan.jpg "CIT(A) Ex-Parte Adding Rs. 12,06,189 as Undisclosed Income: ITAT directs Fresh Hearing [Read Order]")
![Income Tax Order Issued in Deceased Taxpayers Name: ITAT Remands Matter for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Order-Taxpayers-ITAT-ITAT-Remands-Matter-Fresh-Adjudication-statistical-purposes-ITAT-INDIA-ITAT-NEWS-INCOME-TAX-Income-tax-news-Taxscan.jpg "Income Tax Order Issued in Deceased Taxpayers Name: ITAT Remands Matter for Fresh Adjudication [Read Order]")
Unexplained Cash Deposit During Demonetization: ITAT Directs AO to Decide using CBDT Circular [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT has directed the Assessing Officer (AO) to reconsider using the Central Board of Direct Taxes (CBDT) circular for the addition of Rs. 1.06...
![Unexplained Cash Deposit During Demonetization: ITAT Directs AO to Decide using CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Cash-ITAT-ITAT-NEWS-INCOME-TAX-INCOME-TAX-NEWS-Assessing-Officer-assessment-AO-Syndicate-Bank-account-assessment-year-Income-Tax-Return-Taxscan.jpg "Unexplained Cash Deposit During Demonetization: ITAT Directs AO to Decide using CBDT Circular [Read Order]")
AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) quashed the addition of Rs. 53.02 lakhs as unexplained investment under Section 69 of the Income Tax Act stating that the addition cannot be...
![AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Investment-Demonetization-ITAT-ITAT-Rules-ITAT-Rules-Addition-Suspicion-Cannot-Be-Sustained-AO-adds-Unexplained-Investment-taxscan.jpg "AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]")
AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessee to produce supporting documents after the Assessing Officer (AO) disallowed depreciation over alleged double...
![AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/AO-Depreciation-Deduction-ITAT-Taxpayer-Produce-Documents-taxscan.jpg "AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]")
AO Accepts Taxpayer's ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted the deferred tax adjustment, stating that the Assessing officer (AO) accepted the assessee’s Income Tax Return without any...
![AO Accepts Taxpayers ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Mumbai-Income-Tax-ITAT-Deletes-AO-Accepts-Income-Tax-Appellate-Tribunal-Assessing-office-taxscan.jpg "AO Accepts Taxpayers ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]")
Section 56(2)(vii)(c)(ii) Not Applicable to Public Ltd Company for Share Allotment in Amalgamation: ITAT [Read Order]
The Rajkot bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of Section 56(2)(vii)(c)(ii) of the Income Tax Act, 1961, do not apply to share allotments by public limited...
![Section 56(2)(vii)(c)(ii) Not Applicable to Public Ltd Company for Share Allotment in Amalgamation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Amalgamation-ITAT-ITAT-Rajkot-bench-Section-56-Commissioner-of-Income-Tax-INCOME-TAX-ITAT-NEWS-INCOME-TAX-NEWS-Hindu-Undivided-Families-CIT-Taxscan.jpg "Section 56(2)(vii)(c)(ii) Not Applicable to Public Ltd Company for Share Allotment in Amalgamation: ITAT [Read Order]")
ITAT deletes CIT(A)'s Penalty for Non-Audit of Accounts Citing Pending Quantum Assessment Appeal [Read Order]
The Agra Bench of Income Tax Appellate Tribunal (ITAT) has set aside the penalty imposed under Section 271B of the Income Tax Act, 1961, for failure to audit accounts, citing the pendency of the...
![ITAT deletes CIT(A)s Penalty for Non-Audit of Accounts Citing Pending Quantum Assessment Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Non-Audit.jpg "ITAT deletes CIT(A)s Penalty for Non-Audit of Accounts Citing Pending Quantum Assessment Appeal [Read Order]")
CIT(A) Disposes Matter After 4-Year Gap Without Proper Hearing: ITAT Orders Fresh Adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) remanded back for fresh adjudication to the Commissioner of Income Tax (appeals)[CIT(A)] after a delay of four years for disposing of...
![CIT(A) Disposes Matter After 4-Year Gap Without Proper Hearing: ITAT Orders Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CITA-CITA-Disposes-Matter-CITA-Disposes-Without-Proper-Hearing-Proper-Hearing-Hearing-ITAT-ITAT-Orders-ITAT-Orders-Fresh-Adjudication-taxscan.jpg "CIT(A) Disposes Matter After 4-Year Gap Without Proper Hearing: ITAT Orders Fresh Adjudication [Read Order]")