![Lack of Opportunity to Explain Cash Deposits: ITAT Remands Case to CIT(A) for Fresh Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Cash-Deposits-Fresh-Assessment-taxscan.jpg "Lack of Opportunity to Explain Cash Deposits: ITAT Remands Case to CIT(A) for Fresh Assessment [Read Order]")
Lack of Opportunity to Explain Cash Deposits: ITAT Remands Case to CIT(A) for Fresh Assessment [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax(Appeals)[CIT(A)] after noting that the...
![ITAT Remands Matter for Fresh Hearing Due to CIT(A)s Failure to Consider 30 Day Delay Explanation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-kochi-1.jpg "ITAT Remands Matter for Fresh Hearing Due to CIT(A)s Failure to Consider 30 Day Delay Explanation [Read Order]")
![ITAT Deletes Penalty u/s 271D: Penalty Held Invalid as Section 153C Assessment Quashed due to Lack of Incriminating Material [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Deletes-Penalty-Penalty-Held-Invalid-Section-153C-Assessment-Quashed-Assessment-Quashed-due-Lack-of-Incriminating-Material-taxscan.jpg "ITAT Deletes Penalty u/s 271D: Penalty Held Invalid as Section 153C Assessment Quashed due to Lack of Incriminating Material [Read Order]")
ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961 [Read Order]
In a recent ruling, the Surat bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] and remanded the case for fresh...
![ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Hindu-Undivided-Family-Income-Tax-Taxscan.jpg "ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961 [Read Order]")
NCLT Empowered to Decide Whether Successful Resolution Applicant is Liable to Pay Pre-CIRP Electricity Dues u/s 60(5) of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) is empowered to decide an issue whether Successful Resolution Applicant (SRA) is liable to...
![NCLT Empowered to Decide Whether Successful Resolution Applicant is Liable to Pay Pre-CIRP Electricity Dues u/s 60(5) of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-NCLT-Pre-CIRP-IBC-taxscan.jpg "NCLT Empowered to Decide Whether Successful Resolution Applicant is Liable to Pay Pre-CIRP Electricity Dues u/s 60(5) of IBC: NCLAT [Read Order]")
![ITAT Weekly Round-Up [Feb 15th-Feb 21st,2025]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-weekly-round-up.webp "ITAT Weekly Round-Up [Feb 15th-Feb 21st,2025]")
![Appeal Against Suspension of CHA License Dismissed as Infructuous by CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CHA-License.jpg "Appeal Against Suspension of CHA License Dismissed as Infructuous by CESTAT [Read Order]")
ITAT Grants Relief to Trust: Rules Against Excessive Surcharge Imposition by Centralized Processing Centre [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently ruled in favour of a trust in a dispute over applying an income tax surcharge. The case involved whether the trust was liable...
![ITAT Grants Relief to Trust: Rules Against Excessive Surcharge Imposition by Centralized Processing Centre [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/trust-.jpg "ITAT Grants Relief to Trust: Rules Against Excessive Surcharge Imposition by Centralized Processing Centre [Read Order]")
‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 21.5 crores as the bench reached the conclusion that when cash is sourced out of recorded debtors, Section...
![‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cash-is-Sourced-Cash-is-Sourced-out-of-Recorded-Debtors-Recorded-Debtors-Section-69A-cannot-be-invoked-ITAT-ITAT-deletes-Addition-taxscan.jpg "‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]")
