ICAI Council Elections: Vote Counting Begins, Know Results Date Here
Counting of votes for the much-anticipated Institute of Chartered Accountants of India ( ICAI ) Council elections has commenced, marking the final...
![ITAT Reduces Gross Margin on Unaccounted Cash Receipts to 6% from 12% Set by CIT(A) Considering Totality of Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Gross-Margin-ITAT-Reduces-Gross-Margin-Unaccounted-Cash-Cash-Receipts-to-6-from-12-Totality-of-Facts-ITAT-Ahmedabad-Income-Tax-taxscan.jpg "ITAT Reduces Gross Margin on Unaccounted Cash Receipts to 6% from 12% Set by CIT(A) Considering Totality of Facts [Read Order]")
CIT(A) disallows ₹1.41 Crore u/s 54F for Additional Residential Property: ITAT Remands Matter Clarifying Commercial Properties Ownership [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter for verification concerning CIT(A)'s disallowance of Rs. 1.41 crore exemption claimed under Section 54F of the...
![CIT(A) disallows ₹1.41 Crore u/s 54F for Additional Residential Property: ITAT Remands Matter Clarifying Commercial Properties Ownership [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-ITAT-Remands-Matter-ITAT-Remands-Matter-Clarifying-Commercial-Properties-Ownership-Income-Tax-Appellate-Tribunal-income-tax-return-declaring-assessing-officer-Commissioner-of-Income-Tax-Taxscan.jpg "CIT(A) disallows ₹1.41 Crore u/s 54F for Additional Residential Property: ITAT Remands Matter Clarifying Commercial Properties Ownership [Read Order]")
Таx onсe Accоunted u/s 245D(4) cаnnоt be Reаssessed u/s 69С: IТАТ deletes Additiоn Prеvеnting Dоuble Tахаtiоn [Read Order]
Тhe Mumbаi bеnсh оf thе Incоme Таx Appеllаtе Tribunаl ( IТAТ ) in thе саse оf Вeаchwood Propеrtiеs Рvt.Ltd hеld tахаtiоn оf аn incomе аlrеаdy tаxеd in earlier аssessment yeаrs or some othеr form...
![Таx onсe Accоunted u/s 245D(4) cаnnоt be Reаssessed u/s 69С: IТАТ deletes Additiоn Prеvеnting Dоuble Tахаtiоn [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/500x300_2041089-itat-itat-mumbai-duble-ttin-taxscan.webp "Таx onсe Accоunted u/s 245D(4) cаnnоt be Reаssessed u/s 69С: IТАТ deletes Additiоn Prеvеnting Dоuble Tахаtiоn [Read Order]")
Second Appeal challenging order u/s 74 of CGST Act fails due to Non-Constitution of GSTAT: Kerala HC Stays Recovery Proceedings [Read Order]
In a recent case, the Kerala High Court stayed the recovery proceedings as it was found that the second appeal challenging the order under section 74 of the Central Goods and Service Tax ( CGST )...
![Second Appeal challenging order u/s 74 of CGST Act fails due to Non-Constitution of GSTAT: Kerala HC Stays Recovery Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/kerala-high-court-2.jpg "Second Appeal challenging order u/s 74 of CGST Act fails due to Non-Constitution of GSTAT: Kerala HC Stays Recovery Proceedings [Read Order]")
Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) restored the ex parte assessment order passed under section 144 of the Income tax passed considering old age of assessee. Through the...
![Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-New-Delhi-Income-Tax-Income-Tax-News-section-144-Taxscan.jpg "Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]")
ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance under Section 56(2)(viib) of the Income Tax Act, 1961, due to Unexplained Share Premium...
![ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-disallowance-Unexplained-Share-Premium-Financial-Year-Ahmedabad-bench-of-the-Income-Tax-Appellate-Tribunal-Share-Premium-Fluctuation-assessing-officer-income-tax-returns-Taxscan.jpg "ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]")
ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled limiting the scope of revision proceedings under Section 263 of the Income Tax Act, directing the Assessing Officer ( AO ) to...
![ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Commission-Determining-Commission-Taxscan.jpg "ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]")