![AO cannot Make Addition on Bogus Purchases without Rejecting Books or Reported Sales : ITAT says such Addition Legally Unsustainable [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064934-itat-kolkata-bogus-purchases-bogus-purchases-taxscan.webp "AO cannot Make Addition on Bogus Purchases without Rejecting Books or Reported Sales : ITAT says such Addition Legally Unsustainable [Read Order]")
AO cannot Make Addition on Bogus Purchases without Rejecting Books or Reported Sales : ITAT says such Addition Legally Unsustainable [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 38.46 lakh made towards bogus purchases, holding it legally...
![Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2064928-seized-documents-taxscan.webp "Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]")
![SCN Issued for Property Purchase to Wrong Assessment Year: ITAT Quashes PCIT Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2064906-property-purchase-wrong-assessment-itat-mumbai-taxscan.webp "SCN Issued for Property Purchase to Wrong Assessment Year: ITAT Quashes PCIT Order [Read Order]")
ITAT Allows Carry Forward of Loss, Deletes Late Fee as Partner Filed Return Within Extended Due Date u/s 92E [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) allowed the carry forward of long-term capital loss and deleted the late filing fee of Rs. 5,000, holding that the return was filed within...
![ITAT Allows Carry Forward of Loss, Deletes Late Fee as Partner Filed Return Within Extended Due Date u/s 92E [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064909-carry-forward-of-loss-.webp "ITAT Allows Carry Forward of Loss, Deletes Late Fee as Partner Filed Return Within Extended Due Date u/s 92E [Read Order]")
80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architect's Completion Certificate [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter to the Assessing Officer (AO) for fresh adjudication of a deduction claim of Rs. 1,73,68,000 under Section ...
![80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architects Completion Certificate [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064912-deduction-itat-taxscan.webp "80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architects Completion Certificate [Read Order]")
Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted additions under Sections 68 and 69C in a case involving penny stock transactions and held that the shares of Splash Media were ...
![Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064911-site-img18-2.webp "Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]")
ITAT restores appeal to CIT(A) over property valuation, Citing assessee's inability to access Notice Through emails [Read Order]
The ITAT Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) restored an assessee’s appeal to the CIT(A) over property valuation. This was due to the assessee’s lack of knowledge in ...
![ITAT restores appeal to CIT(A) over property valuation, Citing assessees inability to access Notice Through emails [Read Order]](https://images.taxscan.in/h-upload/2025/07/17/500x300_2064737-emails-property-valuation-cita-taxscan.webp "ITAT restores appeal to CIT(A) over property valuation, Citing assessees inability to access Notice Through emails [Read Order]")
CIT(A) cannot Reject Additional evidence u/r 46 A of Income Tax Rules against unexplained Investment Merely because of non-furnishing before AO: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) allowed the assessee to furnish the additional evidence under rule 46 A of the Income Tax Rules, 1962 before the Assessing Officer...
![CIT(A) cannot Reject Additional evidence u/r 46 A of Income Tax Rules against unexplained Investment Merely because of non-furnishing before AO: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/17/500x300_2064739-cita-cita-cannot-reject-additional-evidence-evidence-section-46-a-of-income-tax-rules-taxscan.webp "CIT(A) cannot Reject Additional evidence u/r 46 A of Income Tax Rules against unexplained Investment Merely because of non-furnishing before AO: ITAT [Read Order]")
![CBDT Grants Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority [Read Notification]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064134-income-tax-exemption-development-authority-income-tax-taxscan.webp "CBDT Grants Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority [Read Notification]")