![Verification of Cash Deposits as Trust Income: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-Income-Tax-News-Verification-of-Cash-Deposits-Taxscan.jpg "Verification of Cash Deposits as Trust Income: ITAT Remands Matter to AO [Read Order]")
Verification of Cash Deposits as Trust Income: ITAT Remands Matter to AO [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) remanded the matter to the Assessing Officer (AO) for verification of cash deposits as trust...
![[Breaking] S. 87A Rebate Update: Bombay HC Rules Rebate Applies to Total Tax, Including Special Rates Unless Explicitly Excluded [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Rebate-Update-Bombay-HC-Rebate-Applies-Total-Tax-Including-Special-Rates-Unless-Explicitly-Excluded-taxscan.jpg "[Breaking] S. 87A Rebate Update: Bombay HC Rules Rebate Applies to Total Tax, Including Special Rates Unless Explicitly Excluded [Read Order]")
![Unexplained Cash Credits of Rs. 12.83 Crores Added u/s 68: ITAT Upholds CIT(A)s Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Unexplained-Cash-Credits-CITA-Commissioner-of-Income-TaxAppeals-taxscan.jpg "Unexplained Cash Credits of Rs. 12.83 Crores Added u/s 68: ITAT Upholds CIT(A)s Deletion [Read Order]")
![Rejection of Trust Registration Due to Non-Submission of Required Documents: ITAT Restores Matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/itat-itat-mumbai-Trust-Registration-Taxscan.jpg "Rejection of Trust Registration Due to Non-Submission of Required Documents: ITAT Restores Matter to CIT(E) [Read Order]")
![ITAT upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-CITA-Order-CITA-Income-Tax-Past-Agricultural-Purchases-Commissioner-of-Income-Tax-taxscan.jpg "ITAT upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross Profit [Read Order]")
 ITAT Excludes Inter-Branch Transfers from Turnover, Grants Concessional Tax Rate to Power and Instrumentation Ltd. [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) excluded inter-branch transfers from turnover grants concessional tax rate to Power and Instrumentation Ltd. The main issue in...
![Â ITAT Excludes Inter-Branch Transfers from Turnover, Grants Concessional Tax Rate to Power and Instrumentation Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Income-Tax-News-Inter-Branch-Transfers-Taxscan.jpg "Â ITAT Excludes Inter-Branch Transfers from Turnover, Grants Concessional Tax Rate to Power and Instrumentation Ltd. [Read Order]")
Failure to prove Benefit Alone, not grounds for Transfer Pricing Disallowance: ITAT in Bosch Automotive Electronics case [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ), in the case of Bosch Automotive Electronics, held that the failure to prove benefit alone cannot be accepted as a grounds for...
![Failure to prove Benefit Alone, not grounds for Transfer Pricing Disallowance: ITAT in Bosch Automotive Electronics case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Banglore-Income-tax-Income-Tax-News-Transfer-Pricing-Disallowance-Taxscan.jpg "Failure to prove Benefit Alone, not grounds for Transfer Pricing Disallowance: ITAT in Bosch Automotive Electronics case [Read Order]")
ITAT Condones Delay in Appeal Due to serious dispute among Partners, Remands Case for Fresh Assessment with Costs [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) condoned a 355-day delay in appeal due to a serious dispute among partners and remanded the matter for fresh assessment with costs. ...
![ITAT Condones Delay in Appeal Due to serious dispute among Partners, Remands Case for Fresh Assessment with Costs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-condones-delay-appeal-serious-dispute-partners-remands-case-fresh-assessment-costs-ITAT-Bangalore-taxscan-1.jpg "ITAT Condones Delay in Appeal Due to serious dispute among Partners, Remands Case for Fresh Assessment with Costs [Read Order]")
ITAT Dismisses Penalty for Disallowance of Deduction u/s 80IA(4), Citing Assessee's Eligibility as Developer [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the revenue's appeal against penalty for disallowance of deduction under Section 80IA(4) of Income Tax Act,1961 citing the...
![ITAT Dismisses Penalty for Disallowance of Deduction u/s 80IA(4), Citing Assessees Eligibility as Developer [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Penalty-Section-80IA4-of-Income-Tax-Act-Income-Tax-Section-80IA4-taxscan.jpg "ITAT Dismisses Penalty for Disallowance of Deduction u/s 80IA(4), Citing Assessees Eligibility as Developer [Read Order]")
Rejection of 80G Application Due to Incorrect Assumption: ITAT Sets Aside the Matter to CIT(E) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside the rejection of the 80G application under the Income Tax Act, 1961 by the Commissioner of Income Tax(Exemption) [CIT(E)] due to...
![Rejection of 80G Application Due to Incorrect Assumption: ITAT Sets Aside the Matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Rejection-of-80G-Application-Due-80G-Application-Due-Incorrect-Assumption-ITAT-ITAT-Sets-Matter-to-CITE-CITE-taxscan.jpg "Rejection of 80G Application Due to Incorrect Assumption: ITAT Sets Aside the Matter to CIT(E) [Read Order]")
'CIT(A) has erred in noting the correct facts': ITAT Remands matter for Fresh adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the Commissioner of Income Tax ( Appeals ) [ CIT( A ) ] had erred in noting the correct facts submitted by the assessee and...
![CIT(A) has erred in noting the correct facts: ITAT Remands matter for Fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Commissioner-of-Income-Tax-Income-Tax-act-taxscan.jpg "CIT(A) has erred in noting the correct facts: ITAT Remands matter for Fresh adjudication [Read Order]")
