Franklin Joshva
![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]")
Non-appearance due to COVID pandemic: ITAT quashes exparte order citing sufficient ground for non-compliance [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the exparte order of the Assessing Officer (AO) accepting that the COVID-19...
![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]](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]](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]")
AO Correctly allows Deduction u/s 80IA even Depreciation claimed less than limit: ITAT quashes PCIT's Revision Order [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) quashed the order of the Principal Commissioner of Income Tax, stating that the Assessing Officer (AO) correctly allowed deduction under...
![AO Correctly allows Deduction u/s 80IA even Depreciation claimed less than limit: ITAT quashes PCITs Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Deduction.jpg "AO Correctly allows Deduction u/s 80IA even Depreciation claimed less than limit: ITAT quashes PCITs Revision Order [Read Order]")
Revenue Challenges ₹2.41 Crore Deletion by CIT(A): ITAT Confirms Stamp Paper Purchases for Customer as Source, Dismisses Appeal [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) confirmed the deletion of Rs. 2.41 crore by asserting the Stamp Paper purchases as the source of income of the assessee and dismissed the...
![Revenue Challenges ₹2.41 Crore Deletion by CIT(A): ITAT Confirms Stamp Paper Purchases for Customer as Source, Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Revenue-Challenges-Deletion-by-CITA-CITA-ITAT-ITAT-Confirms-Stamp-Paper-Purchases-Stamp-Paper-Stamp-Paper-Purchases-Customer-as-Source-taxscan.jpg "Revenue Challenges ₹2.41 Crore Deletion by CIT(A): ITAT Confirms Stamp Paper Purchases for Customer as Source, Dismisses Appeal [Read Order]")