![Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057065-itat-disallowance-loan-taxscan.webp "Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]")
Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a Principal Commissioner of Income Tax ( PCIT ) cannot invoke...
![No Bar on Retaining Cash for Reasonable Period if Source Traceable: ITAT Quashes Cash Deposit Addition During Demonetisation in absence of Corroborative Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/250x150_2057044-site-img30-.webp "No Bar on Retaining Cash for Reasonable Period if Source Traceable: ITAT Quashes Cash Deposit Addition During Demonetisation in absence of Corroborative Evidence [Read Order]")
![No Proof from Assessee, No Comparables from Income Tax Dept: ITAT cuts Ad Hoc Disallowance to 4% from 10%, Says Not to be treated as Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/250x150_2057049-itat-disallowance.webp "No Proof from Assessee, No Comparables from Income Tax Dept: ITAT cuts Ad Hoc Disallowance to 4% from 10%, Says Not to be treated as Precedent [Read Order]")
Technical Dismissal Without Going into Merits Unsustainable: ITAT Restores back Case to Decide ₹52 Lakh Capital Loss Adjustment with Proper Reasoning [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Pune Bench has held that an appeal cannot be disposed of merely on a technical ground without adjudicating the substantive issue on merits, especially when...
![Technical Dismissal Without Going into Merits Unsustainable: ITAT Restores back Case to Decide ₹52 Lakh Capital Loss Adjustment with Proper Reasoning [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057048-technical-dismissal-going-into-merits-unsustainable-merits-unsustainable-taxscan.webp "Technical Dismissal Without Going into Merits Unsustainable: ITAT Restores back Case to Decide ₹52 Lakh Capital Loss Adjustment with Proper Reasoning [Read Order]")
ITAT Upholds ₹2.93 Cr Interest and ₹4.01 Cr Management Expenses Deduction Citing Business Purpose u/s 36(1)(iii) and 37(1) [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [ CIT(A) ] order that allowed deductions of Rs. 2.93 crore in interest expenses and Rs. ...
![ITAT Upholds ₹2.93 Cr Interest and ₹4.01 Cr Management Expenses Deduction Citing Business Purpose u/s 36(1)(iii) and 37(1) [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2056951-business-purpose-itat-taxscan.webp "ITAT Upholds ₹2.93 Cr Interest and ₹4.01 Cr Management Expenses Deduction Citing Business Purpose u/s 36(1)(iii) and 37(1) [Read Order]")
No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of deduction under Section 80P of the Income Tax Act, 1961 cannot be denied merely on technical grounds...
![No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057014-e-verification-delay.webp "No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]")
Delay Should Not Defeat Meritorious Case: ITAT Condones 221-Days Delayed Appeal of Senior Citizen [Read Order]
In a recent ruling, the Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has observed that mere procedural delays should not be allowed to defeat a meritorious case, especially when the...
![Delay Should Not Defeat Meritorious Case: ITAT Condones 221-Days Delayed Appeal of Senior Citizen [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057007-gavel.webp "Delay Should Not Defeat Meritorious Case: ITAT Condones 221-Days Delayed Appeal of Senior Citizen [Read Order]")
NRI’s Property Investment Explained with Bank Statements and Agreements: ITAT Quashes Addition Due to Jurisdictional Error
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an assessment order adding Rs. 69.99 lakh as unexplained investment under Section 69 of the Income Tax Act, 1961 as the...
Source of Fund of Joint Purchase of Property by Mother and Son Sufficiently Explained: ITAT Deletes ₹1.36 Cr Addition [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an addition of Rs. 1.36 crore made by the Assessing Officer ( AO ) as unexplained investment under Section 69 of the Income Tax...
![Source of Fund of Joint Purchase of Property by Mother and Son Sufficiently Explained: ITAT Deletes ₹1.36 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2056965-joint-purchase-of-property.webp "Source of Fund of Joint Purchase of Property by Mother and Son Sufficiently Explained: ITAT Deletes ₹1.36 Cr Addition [Read Order]")
Invalid Service of Notice as Opted No For Email in Form-35: ITAT Overturns Ex Parte Dismissal, Remands Matter [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) overturned an ex-parte dismissal by the Commissioner of Income Tax (Appeals) [ CIT(A) ] citing invalid service of notices, as the...
![Invalid Service of Notice as Opted No For Email in Form-35: ITAT Overturns Ex Parte Dismissal, Remands Matter [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2056949-form-35-notice.webp "Invalid Service of Notice as Opted No For Email in Form-35: ITAT Overturns Ex Parte Dismissal, Remands Matter [Read Order]")