![Addition of ₹6 Crores Based on Director’s Statement During Search: ITAT Upholds CIT(A) Deletion [Read Order]](https://images.taxscan.in/h-upload/2025/09/08/2084713-directors-statement-itat-cita-deletion-ranchi-bench-taxscan.webp "Addition of ₹6 Crores Based on Director’s Statement During Search: ITAT Upholds CIT(A) Deletion [Read Order]")
Addition of ₹6 Crores Based on Director’s Statement During Search: ITAT Upholds CIT(A) Deletion [Read Order]
The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[ CIT(A)]’s deletion of a ₹6 crore...
![Revisional Powers Justified where AO Accepted Returned Income without Verification: ITAT Orders Fresh Assessment allowing Proof [Read Order]](https://images.taxscan.in/h-upload/2025/09/08/2084667-revisional-powers-returned-income-itat-fresh-assessment-taxscan.webp "Revisional Powers Justified where AO Accepted Returned Income without Verification: ITAT Orders Fresh Assessment allowing Proof [Read Order]")
![AO’s Comprehensive Scrutiny Nullifies Alleged Lack of Inquiry u/s. 263: ITAT Sets Aside PCIT Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/08/2084628-lack-of-inquiry-itat-pcit-taxscan.webp "AO’s Comprehensive Scrutiny Nullifies Alleged Lack of Inquiry u/s. 263: ITAT Sets Aside PCIT Order [Read Order]")
![[Breaking] Setback to SICPA: Sikkim HC’s Division Bench Overturns Single Bench Ruling on Refund of Unutilised ITC for Closed Business](https://images.taxscan.in/h-upload/2025/09/08/2084602-2080780-gst-refund-gst-pending-appeal-delhi-hc-directs-payment-with-interest-taxscan.webp "[Breaking] Setback to SICPA: Sikkim HC’s Division Bench Overturns Single Bench Ruling on Refund of Unutilised ITC for Closed Business")
House sold for ₹67 lakh but only ₹1,690 shown in ITR: Know how Section 54 exemption helped secure relief [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal concerning the treatment of capital gains, cost of improvement, and deduction under Section 54 of the ...
![House sold for ₹67 lakh but only ₹1,690 shown in ITR: Know how Section 54 exemption helped secure relief [Read Order]](https://images.taxscan.in/h-upload/2025/09/05/2084199-section-54-exemption-on-house-sale-itat-taxscan.webp "House sold for ₹67 lakh but only ₹1,690 shown in ITR: Know how Section 54 exemption helped secure relief [Read Order]")
TDS on Loan Acquisition Payments : ITAT Rules Payments to Piramal Enterprises Not Treated as Interest [Read order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that payments made to Piramal Enterprises Limited for acquiring loans, including NCDs, ICDs, and term loans, were part of the...
![TDS on Loan Acquisition Payments : ITAT Rules Payments to Piramal Enterprises Not Treated as Interest [Read order]](https://images.taxscan.in/h-upload/2025/09/04/2083944-itat-itat-mumbai-income-tax-piramal-enterprises-modvat-credit-recomputation-modvat-taxscan.webp "TDS on Loan Acquisition Payments : ITAT Rules Payments to Piramal Enterprises Not Treated as Interest [Read order]")
INR 25 Lakh Cash Contribution by Directors Treated as Unexplained: ITAT Sets Aside CIT(A) Order, Directs Fresh Hearing [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax (Appeals)[CIT(A)] order and directed a fresh hearing in the matter concerning an addition of INR...
![INR 25 Lakh Cash Contribution by Directors Treated as Unexplained: ITAT Sets Aside CIT(A) Order, Directs Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/09/05/2084152-cash-contribution-taxscan.webp "INR 25 Lakh Cash Contribution by Directors Treated as Unexplained: ITAT Sets Aside CIT(A) Order, Directs Fresh Hearing [Read Order]")
Dispute Over ₹39.91 Lakh Time Deposit with Bank of Baroda: ITAT Remands Matter to AO for Readjudication [Read Order]
The Ranchi Bench of Income Tax Appellate Tribunal (ITAT ) remanded the matter to the Assessing Officer (AO) for readjudication in a dispute over an alleged ₹39.91 lakh time deposit with Bank of...
![Dispute Over ₹39.91 Lakh Time Deposit with Bank of Baroda: ITAT Remands Matter to AO for Readjudication [Read Order]](https://images.taxscan.in/h-upload/2025/09/04/2083939-itat-ranchi-bank-of-baroda-income-tax-act-taxscan.webp "Dispute Over ₹39.91 Lakh Time Deposit with Bank of Baroda: ITAT Remands Matter to AO for Readjudication [Read Order]")