Franklin Joshva
![CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/COVID-19-ITAT-ITAT-directs-recalculation-taxscan.jpg "CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]")
CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) directed the commissioner of Income Tax (appeals)[CIT(A)] to recalculate the 90 limits...
![CPC Assessed Income under New Regime via Form 10IE: ITAT sets aside Order as Return Filed under Old Regime, Conditions of S. 115 BAC Not Fully Met [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Pune-CPC-Assessed-Income-Income-CPC-New-Regime-via-Form-10IE-Form-10IE-taxscan.jpg "CPC Assessed Income under New Regime via Form 10IE: ITAT sets aside Order as Return Filed under Old Regime, Conditions of S. 115 BAC Not Fully Met [Read Order]")
![Non-appearance due to COVID pandemic: ITAT quashes exparte order citing sufficient ground for non-compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-COVID-pandemic-non-compliance-taxscan.jpg "Non-appearance due to COVID pandemic: ITAT quashes exparte order citing sufficient ground for non-compliance [Read Order]")
![ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Quashes-PCITs-PCITs-Revision-Order-Revision-Order-Bogus-Purchases-AOs-Plausible-View-ITO-Report-VAT-Returns-taxscan.jpg "ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]")
![AO adds unsecured loans as unexplained credit citing lenders lack of creditworthiness: ITAT confirms genuineness by copies of ITR, bank statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-unsecured-loans-as-unexplained-credit-unsecured-loans-unexplained-credit-taxscan.jpg "AO adds unsecured loans as unexplained credit citing lenders lack of creditworthiness: ITAT confirms genuineness by copies of ITR, bank statements [Read Order]")
Disallowance of Interest Expenses on Alleged Fund Misuse: ITAT Allows Citing Lack of Nexus Between Borrowed Funds and Personal Investments [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) allowed the interest expenses of the assessee on alleged fund misuse citing that lack of nexus between borrowed funds and personal...
![Disallowance of Interest Expenses on Alleged Fund Misuse: ITAT Allows Citing Lack of Nexus Between Borrowed Funds and Personal Investments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Disallowance-of-Interest-Expenses-Alleged-Fund-Misuse-ITAT-Assessment-Years-Assessment-CIT-assessment-order-Income-Tax-Return-ITR-personal-investments-AO-Taxscan.jpg "Disallowance of Interest Expenses on Alleged Fund Misuse: ITAT Allows Citing Lack of Nexus Between Borrowed Funds and Personal Investments [Read Order]")
Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]
The Pune Bench of Income Tax appellate Tribunal (ITAT) held that interest income from Business investment earned by Cooperative Society is eligible for deduction under section 80(2)(a) of the Income...
![Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Business-Co-operative-Society-Co-operative-ITAT-Pune-Bench-of-ITAT-ITAT-Pune-Assessment-Income-Tax-Return-ITR-Assessing-Officer-Commissioner-of-Income-Tax-Taxscan.jpg "Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]")
Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that an agreement for the transfer of operations and movable assets cannot be grounds to deny exemption under sections 11 and 12...
![Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Agreement-for-transfer-movable-assets-ITAT-Ahmedabad-bench-of-ITAT-Assessing-officer-KSMC-Commissioner-of-Income-Tax-Taxscan.jpg "Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]")
Huge GST Fraud Exposed: Senior GST Officials, Transporters, and Mafia Linked to Multi Crore Tax Evasion
A Huge GST Fraud exposed senior officials, transporters, and mafia allegedly causing the loss of thousands of crores every month to the Government. The reports of industry representatives revealed...
Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) condoned the delay of 180 days for delay in filing appeal due to pending cases in civil courts and financial struggle of the assessee. ...
![Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/TAT-condones-delay-ITAT-Pune-Appeal-delay-due-to-civil-court-cases-ITAT-lenient-on-delay-Delay-condonation-petition-taxscan.jpg "Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]")
Non-Appearance Due to Accounts Team Employee's Exit from Company: ITAT Imposes ₹5,000 Penalty and Remands Matter [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) remanded matters to the Commissioner of Income Tax (appeals)[CIT(A)] considering that the non-appearance was due to employees' exit and...
![Non-Appearance Due to Accounts Team Employees Exit from Company: ITAT Imposes ₹5,000 Penalty and Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-income-tax-news-Income-tax-Taxscan.jpg "Non-Appearance Due to Accounts Team Employees Exit from Company: ITAT Imposes ₹5,000 Penalty and Remands Matter [Read Order]")
ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) granted an exemption under section 10(10B) for Voluntary Retirement Scheme (VRS) compensation citing that the Central-Government approved...
![ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chandigarh-Income-tax-income-tax-news-ITAT-Grants-Exemption-Taxscan.jpg "ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]")