Franklin Joshva
![Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Disputed-purchases-Labour-Expenses-Alleqed-Boqus-Purchases-taxscan.jpg "Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]")
Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which restricted...
![Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Ahmedabad-ITAT-on-80G-application-TAXSCAN.jpg "Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application [Read Order]")
![Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-Penalty-Section-270A-Misreporting-without-Proper-Charge-Specification-Invalid-Proper-Charge-Specification-taxscan.jpg "Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]")
![AO Fails to Properly Examine Rs. 1.27 Cr Co-operative Society Deposits: ITAT upholds PCITs Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/PCITs-Revision-Order.jpg "AO Fails to Properly Examine Rs. 1.27 Cr Co-operative Society Deposits: ITAT upholds PCITs Revision Order [Read Order]")
![Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Assessment-Documents.jpg "Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]")
Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 27,37,800 and ruled that the cash deposits made during the demonetization period were explained as arising...
![Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Demonetization-.jpg "Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]")
Cash Deposits during Demonetization: ITAT directs Normal 30 % Tax Rate citing S. 115BBE not Retrospective [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the higher tax rate introduced under Section 115BBE could not be applied retrospectively in the case involving cash deposit...
![Cash Deposits during Demonetization: ITAT directs Normal 30 % Tax Rate citing S. 115BBE not Retrospective [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Cash-Deposits-Cash-Deposits-during-demonetization-demonetization-ITAT-taxscan.jpg "Cash Deposits during Demonetization: ITAT directs Normal 30 % Tax Rate citing S. 115BBE not Retrospective [Read Order]")
ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which allowed depreciation as an alternative claim on finance lease...
![ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Depreciation-ITAT-Lease-Rent-TAXSCAN.jpg "ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]")
Taxpayer Not Property Owner, Only POA Holder: ITAT Remands Rs. 4.73 Crore LTCG Addition Matter [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded a matter involving Long-Term Capital Gain (LTCG) addition of Rs. 4.73 crore after the assessee claimed that he was not the...
![Taxpayer Not Property Owner, Only POA Holder: ITAT Remands Rs. 4.73 Crore LTCG Addition Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/LTCG.jpg "Taxpayer Not Property Owner, Only POA Holder: ITAT Remands Rs. 4.73 Crore LTCG Addition Matter [Read Order]")
CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the matter to the file of the Assessing Officer (AO) for verification, in a case where a capital loss amounting to Rs. 16.89...
![CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Mumbai-Capital-Loss-Long-Term-Capital-Loss-taxscan.jpg "CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]")
Reassessment without Tangible Material Invalid: ITAT deletes Rs.10 Lakh Cash Credit Addition [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 10 lakh made under Section 68 of the Income Tax Act, 1961, holding that the reassessment was carried out...
![Reassessment without Tangible Material Invalid: ITAT deletes Rs.10 Lakh Cash Credit Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment-Tangible-Material-Invalid-ITAT-Cash-Credit-taxscan.jpg "Reassessment without Tangible Material Invalid: ITAT deletes Rs.10 Lakh Cash Credit Addition [Read Order]")
![Cash Deposits during demonetization: ITAT remands matter to consider Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/demonetization-ITAT-cash-deposits-TAXSCAN.jpg "Cash Deposits during demonetization: ITAT remands matter to consider Evidence [Read Order]")