Franklin Joshva
![Unexplained 33- Fold Share Price Increase: ITAT Upholds ₹80.17 Lakh Bogus LTCG Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062842-agra-income-tax-appellate-tribunal-income-tax-bogus-ltcg-addition-taxscan.webp "Unexplained 33- Fold Share Price Increase: ITAT Upholds ₹80.17 Lakh Bogus LTCG Addition u/s 68 [Read Order]")
Unexplained 33- Fold Share Price Increase: ITAT Upholds ₹80.17 Lakh Bogus LTCG Addition u/s 68 [Read Order]
The Agra Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the Assessing Officer’s (AO) addition of Rs. 80,17,339 as bogus long-term...
![ITAT Deletes ₹52.91 Lakh Unexplained Investment Addition on Land Purchase Due to Unreliable Draft MOU Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062786-income-tax-addition-on-account-of-unexplained-investment-income-tax-addition-unexplained-investment-failure-of-assessee-to-compile-data-and-information-taxscan.webp "ITAT Deletes ₹52.91 Lakh Unexplained Investment Addition on Land Purchase Due to Unreliable Draft MOU Evidence [Read Order]")
![Taxpayer Can Raise Additional Claims Before Appellate Authorities: ITAT Allows ₹4.90 Cr ESOP claim [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062785-esop-itat-taxscan.webp "Taxpayer Can Raise Additional Claims Before Appellate Authorities: ITAT Allows ₹4.90 Cr ESOP claim [Read Order]")
![Accountant Not Informed About Income Tax Notice: ITAT Restores 12AB and 80G Registration Matter with 10k Costs [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062678-income-tax-notice-taxscan.webp "Accountant Not Informed About Income Tax Notice: ITAT Restores 12AB and 80G Registration Matter with 10k Costs [Read Order]")
![Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062636-common-area-maintenance-charges-maintenance-charges-maintenance-charges-not-taxable-taxscan.webp "Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition [Read Order]")
Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]
The Tribunal upheld the addition of Rs. 6.58 crore as unexplained cash credits under Section 68 and ruled that such additions are permissible even when the assessee’s books of accounts are rejected....
![Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062503-unexplained-cash-credits-taxable-despite-rejected-books-itat-upholds-taxscan.webp "Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]")
Retrospective Amendment Inapplicable: ITAT Allows ₹2.32 Lakh Deduction for Trust’s Accumulated Fund Utilisation [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) and deleted the adjustment made by the Central Processing Centre (CPC), held that the retrospective amendment to Section 11(3) of...
![Retrospective Amendment Inapplicable: ITAT Allows ₹2.32 Lakh Deduction for Trust’s Accumulated Fund Utilisation [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062465-retrospective-amendment-taxscan.webp "Retrospective Amendment Inapplicable: ITAT Allows ₹2.32 Lakh Deduction for Trust’s Accumulated Fund Utilisation [Read Order]")
NHAI Grant Not Deductible from Project Cost: ITAT Upholds Deletion of ₹43.43 Crore Depreciation Disallowance [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld deletion of the disallowance of Rs. 43.43 crore as depreciation and confirmed that the Rs. 38.40 crore grant received...
![NHAI Grant Not Deductible from Project Cost: ITAT Upholds Deletion of ₹43.43 Crore Depreciation Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062044-itat-hyderabad-disallowance-taxscan.webp "NHAI Grant Not Deductible from Project Cost: ITAT Upholds Deletion of ₹43.43 Crore Depreciation Disallowance [Read Order]")
No Independent Evidentiary Value For Statement Recorded u/s 133A During Survey: ITAT Deletes ₹9.6 Crore Bogus Purchases Addition [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) held that a statement recorded under Section 133A during a survey lacked independent evidentiary value and upheld the deletion of...
![No Independent Evidentiary Value For Statement Recorded u/s 133A During Survey: ITAT Deletes ₹9.6 Crore Bogus Purchases Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062039-no-independent-evidentiary-value-independent-evidentiary-value-evidentiary-value-for-statement-recorded-taxscan.webp "No Independent Evidentiary Value For Statement Recorded u/s 133A During Survey: ITAT Deletes ₹9.6 Crore Bogus Purchases Addition [Read Order]")
AO Not Required to Record Categorical Finding For Income Escapement: ITAT Upholds Reassessment Despite Lack of Cross Examination [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the reassessment proceedings initiated by the Assessing Officer (AO) stating that a categorical finding of income...
![AO Not Required to Record Categorical Finding For Income Escapement: ITAT Upholds Reassessment Despite Lack of Cross Examination [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062026-itat-reassessment-ao-taxscan.webp "AO Not Required to Record Categorical Finding For Income Escapement: ITAT Upholds Reassessment Despite Lack of Cross Examination [Read Order]")