Franklin Joshva
![Addition For Extrapolated Wages Restricted to Date of Survey Due to Lack of Evidence: ITAT Deletes ₹1.02 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071430-lack-of-evidence-taxscan.webp "Addition For Extrapolated Wages Restricted to Date of Survey Due to Lack of Evidence: ITAT Deletes ₹1.02 Cr Addition [Read Order]")
Addition For Extrapolated Wages Restricted to Date of Survey Due to Lack of Evidence: ITAT Deletes ₹1.02 Cr Addition [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted an addition of Rs. 1,02,10,256/- for extrapolated wages and salary...
![Form 10 ID must be Filed within Due Date Specified u/s 139(1) for availing Concessional Rate u/s 115BAB : ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071446-itat-itat-ahmedabad-itat-restores-matter-to-ao-taxscan.webp "Form 10 ID must be Filed within Due Date Specified u/s 139(1) for availing Concessional Rate u/s 115BAB : ITAT [Read Order]")
![Retired Partner Liable for Firms GST Dues if No Timely Intimation about Date of Retirement to Commissioner: Punjab & Haryana HC Dismisses Writ [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071494-retired-partner-gst-taxscan.webp "Retired Partner Liable for Firms GST Dues if No Timely Intimation about Date of Retirement to Commissioner: Punjab & Haryana HC Dismisses Writ [Read Order]")
![Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071634-unexplained-credit-unexplained-credit-addition-section-68-of-the-income-tax-act-taxscan.webp "Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]")
![Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070957-foreign-exchange-loss-revenue-expenditure-itat-deletes-disallowance-citing-non-capitalization-taxscan.webp "Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]")
Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that disallowance should be restricted to investments that actually yielded exempt income, rejecting the Revenue’s contention for ...
![Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070951-itat-mumbai-section-14a-disallowance-income-investments-taxscan.webp "Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]")
Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] order restricting bogus purchase addition to 12.5% of gross profit and dismissed...
![Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070917-bogus-purchase-addition-taxscan.webp "Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]")
Unaccounted Cash Sales Reconciled with Invoices and Stock: ITAT Upholds Deletion of ₹30 Lakh Addition u/s 69C [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of the Rs. 30,01,023 addition under Section 69C of the Income Tax Act, 1961 and ruled that the assessee's...
![Unaccounted Cash Sales Reconciled with Invoices and Stock: ITAT Upholds Deletion of ₹30 Lakh Addition u/s 69C [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070914-unaccounted-cash-sales-cash-sales-cash-sales-reconciled-with-invoices-and-stock-taxscan.webp "Unaccounted Cash Sales Reconciled with Invoices and Stock: ITAT Upholds Deletion of ₹30 Lakh Addition u/s 69C [Read Order]")
Satisfaction Note by the AO for S.153C Assessment Need to Be Recorded for Each AY: ITAT Quashes ₹2.11 Crore Addition Citing Combined Satisfaction Note [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the satisfaction note under Section 153C of the Income Tax Act, 1961, must be recorded separately for each assessment year and...
![Satisfaction Note by the AO for S.153C Assessment Need to Be Recorded for Each AY: ITAT Quashes ₹2.11 Crore Addition Citing Combined Satisfaction Note [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070883-itat-quashes-211-crore-addition-citing-combined-satisfaction-note-taxscan.webp "Satisfaction Note by the AO for S.153C Assessment Need to Be Recorded for Each AY: ITAT Quashes ₹2.11 Crore Addition Citing Combined Satisfaction Note [Read Order]")
Housewife Taxpayer Not Complied to Notices for Stock Transaction: ITAT Remits ₹11.16 Lakh Unexplained Income Matter with 10k Costs [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) remitted to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication, imposing a cost of ₹10,000 for non-compliance with...
![Housewife Taxpayer Not Complied to Notices for Stock Transaction: ITAT Remits ₹11.16 Lakh Unexplained Income Matter with 10k Costs [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070867-housewife-taxpayer-not-complied-notices-stock-transaction-itat-remits-1116-lakh-unexplained-income-matter-10k-costs-taxscan.webp "Housewife Taxpayer Not Complied to Notices for Stock Transaction: ITAT Remits ₹11.16 Lakh Unexplained Income Matter with 10k Costs [Read Order]")
Ex-Parte Appellate Order Without Reasonable Opportunity: ITAT Restores Rs. 2.55 Cr Matter for Fresh Adjudication [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for de novo adjudication and held that the ex-parte appellate...
![Ex-Parte Appellate Order Without Reasonable Opportunity: ITAT Restores Rs. 2.55 Cr Matter for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070880-parte-appellate-order-without-reasonable-opportunity-itat-restores-matter-adjudication-taxscan.webp "Ex-Parte Appellate Order Without Reasonable Opportunity: ITAT Restores Rs. 2.55 Cr Matter for Fresh Adjudication [Read Order]")
Reassessment Invalid Due to Lack of New Tangible Material and Credible Information: ITAT Quashes ₹33.81 Lakh Addition [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the reassessment under Section 147 of the Income TaxAct, 1961, was invalid due to the lack of new tangible material and credible...
![Reassessment Invalid Due to Lack of New Tangible Material and Credible Information: ITAT Quashes ₹33.81 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071541-reassessment-itat-taxscan.webp "Reassessment Invalid Due to Lack of New Tangible Material and Credible Information: ITAT Quashes ₹33.81 Lakh Addition [Read Order]")