![ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Dismisses-Revenues-Appeal-Revenues-Appeal-Revenues-Appeal-as-Reassessment-Reassessment-Under-Section-147-148-Reassessment-taxscan.jpg "ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]")
ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) dismissed the Revenue’s appeal, holding that reassessment under Section 147/148 of Income Tax...
![Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Non-Compliance-With-Section.40A3-Cash-Payments-ITAT-ITAT-Remands-Case-Remands-Case-Remands-Case-to-CITA-taxscan.jpg "Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]")
![Failure to Claim TDS Credit in Return: ITAT Upholds CIT(A) Decision to Allow Credit after Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Delhi-TDS-Credit-Failure-to-claim-TDS-credit-TAXSCAN.jpg "Failure to Claim TDS Credit in Return: ITAT Upholds CIT(A) Decision to Allow Credit after Verification [Read Order]")
![ITAT Rejects Revenue’s Objection on Additional Evidence, Finds CIT(A) Acted Within Section 250(4) Powers [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Income-Tax-Tribunal-Additional-evidence-tax-taxscan-.jpg "ITAT Rejects Revenue’s Objection on Additional Evidence, Finds CIT(A) Acted Within Section 250(4) Powers [Read Order]")
![Ad-hoc Disallowance of Expenses for Lack of Documents: ITAT Upholds CIT(A)s Deletion of Rs. 5.92 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Income-Tax-Tribunal-Tax-disallowance-taxscan.jpg "Ad-hoc Disallowance of Expenses for Lack of Documents: ITAT Upholds CIT(A)s Deletion of Rs. 5.92 Crore Addition [Read Order]")
Penalty proceedings u/s 271B for late filing of audit report: ITAT sets aside Pr.CIT's order for lack of jurisdiction [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) sets aside Principal Commissioner of Income Tax[Pr.CIT]'s order on penalty proceedings under section 271B of Income Tax Act,1961 for late...
![Penalty proceedings u/s 271B for late filing of audit report: ITAT sets aside Pr.CITs order for lack of jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-ITAT-audit-report-taxscan.jpg "Penalty proceedings u/s 271B for late filing of audit report: ITAT sets aside Pr.CITs order for lack of jurisdiction [Read Order]")
Estimation of Gross Profit Rate and Unverifiable Purchases: ITAT Upholds CIT(A)'s Decision to Limit GP to 1% [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision to limit the gross profit ( GP ) rate to 1% for the Assessment Year...
![Estimation of Gross Profit Rate and Unverifiable Purchases: ITAT Upholds CIT(A)s Decision to Limit GP to 1% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unverifiable-Purchases-ITAT-Gross-Profit-Rate-taxscan.jpg "Estimation of Gross Profit Rate and Unverifiable Purchases: ITAT Upholds CIT(A)s Decision to Limit GP to 1% [Read Order]")
Unexplained Cash Deposit During Demonetization: ITAT deletes Addition, Accepts Mother’s Savings Claim [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted addition of Rs.9,00,500/- made by the Assessing Officer(AO) during demonetization, accepting the claim that a significant portion...
![Unexplained Cash Deposit During Demonetization: ITAT deletes Addition, Accepts Mother’s Savings Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-Cash-Deposit-Demonetization-ITAT-taxscan.jpg "Unexplained Cash Deposit During Demonetization: ITAT deletes Addition, Accepts Mother’s Savings Claim [Read Order]")
Lack of Corroborative Evidence for Criminal Conspiracy and Bribery: Delhi HC quashes FIR against CA [Read Order]
The Delhi High Court recently quashed a First Information Report (FIR) registered against Chartered Accountant (CA), who was working as a financial consultant for Prakash Industries Ltd. (PIL), upon...
No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]
The Gujarat High Court recently ruled that the Principal Commissioner of Income Tax (PCIT) could not issue a notice under Section 263 of the Income Tax Act, 1961 to revise the assessment order of an...
![No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ujarat-HC-Tax-Ruling-S.263-Notice-IBC-Corporate-Debtor-Tax-Relief-taxscan-.jpg "No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]")