![Incorporation of Investing Companies under Companies Act not sufficient to prove genuineness of Share Transactions: Calcutta HC sets aside ITAT’s Finding [Read Order]](https://images.taxscan.in/h-upload/2025/08/04/500x300_2072862-calcutta-high-court-incorporation-of-investing-companies-investing-companies-taxscan.webp "Incorporation of Investing Companies under Companies Act not sufficient to prove genuineness of Share Transactions: Calcutta HC sets aside ITAT’s Finding [Read Order]")
Incorporation of Investing Companies under Companies Act not sufficient to prove genuineness of Share Transactions: Calcutta HC sets aside ITAT’s Finding [Read Order]
In a recent case, the Calcutta High Court held that incorporation of Investing Companies Under Companies Act is not sufficient to prove genuineness...
![Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part III]](https://images.taxscan.in/h-upload/2025/08/01/250x150_2072059-half-yearly-income-tax-case-digest-itat-decisions-2025-taxscan.webp "Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part III]")
![Genuine Delay in Producing 70 Year Old Trust Deed: ITAT quashes Rejection of S.12A & 80G Claims [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071537-genuine-delay-producing-70-year-old-trust-deed-itat-quashes-rejection-s12a-80g-claims-taxscan.webp "Genuine Delay in Producing 70 Year Old Trust Deed: ITAT quashes Rejection of S.12A & 80G Claims [Read Order]")
![Identity Misuse in Bank Account: ITAT Sets Aside Addition and Directs AO to Conduct Fresh Probe [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/250x150_2072012-itat-ahmedabad-bank-account-identity-misuse-taxscan.webp "Identity Misuse in Bank Account: ITAT Sets Aside Addition and Directs AO to Conduct Fresh Probe [Read Order]")
![MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071545-itat-mumbai-mat-credit-mat-credit-revised-taxscan.webp "MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]")
Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] order and ruled that the Assessing Officer's estimations, reliant on a...
![Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/03/500x300_2072693-unexplained-stock-sales-suppression-additions-itat-cctv-footage-lack-of-corroborative-evidence-taxscan.webp "Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]")
Deduction Under Section 80P Upheld for Regional Rural Bank: ITAT Confirms Co-operative Society Status Under RRB Act [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has affirmed eligibility for deduction under Section 80P of the Income Tax Act, 1961, by recognizing assessee’s status as a...
![Deduction Under Section 80P Upheld for Regional Rural Bank: ITAT Confirms Co-operative Society Status Under RRB Act [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071452-itat-chennai-section-80p-rural-banks-taxscan.webp "Deduction Under Section 80P Upheld for Regional Rural Bank: ITAT Confirms Co-operative Society Status Under RRB Act [Read Order]")
ITAT Restores Assessee’s Appeal After NFAC Dismisses it for Non-Compliance: Grants One Last Opportunity with Cost [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) restored the appeal of an assessee, Subramaniyam Kulandhaivel, which had been dismissed ex-parte by the National Faceless Appeal Centre...
![ITAT Restores Assessee’s Appeal After NFAC Dismisses it for Non-Compliance: Grants One Last Opportunity with Cost [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071432-itat-restores-assessees-appeal-nfac-dismisses-non-compliance-taxscan.webp "ITAT Restores Assessee’s Appeal After NFAC Dismisses it for Non-Compliance: Grants One Last Opportunity with Cost [Read Order]")
Only Investments Yielding Exempt Income Can Be Considered Under Section 14A: ITAT Dismisses Revenue’s Appeal Against Assessee [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently upheld the order of the Commissioner ofIncome Tax (Appeals) [CIT(A)], bringing clarity to the contentious issue of disallowance...
![Only Investments Yielding Exempt Income Can Be Considered Under Section 14A: ITAT Dismisses Revenue’s Appeal Against Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071413-investments-yielding-exempt-income-considered-under-section-14a-itat-dismisses-revenues-appeal-against-assessee-taxscan.webp "Only Investments Yielding Exempt Income Can Be Considered Under Section 14A: ITAT Dismisses Revenue’s Appeal Against Assessee [Read Order]")
Evidence For Normal Business Activity: ITAT Upholds Surrendered ₹1.60 Cr as Business Income, Rejects S. 115BBE Application [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Rs. 1.60 crore surrendered during a survey constitutes normal business income, dismissing the Revenue’s ...
![Evidence For Normal Business Activity: ITAT Upholds Surrendered ₹1.60 Cr as Business Income, Rejects S. 115BBE Application [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071416-business-income-taxscan.webp "Evidence For Normal Business Activity: ITAT Upholds Surrendered ₹1.60 Cr as Business Income, Rejects S. 115BBE Application [Read Order]")
S.12A Registration Mandatory For Claiming S. 11 Exemption: ITAT Upholds ₹5.80 Crore Addition to Town Planning Authority [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled a valid registration under Section 12A of the Income Tax Act, 1961 is mandatory to claim exemptions under Sections 11 and...
![S.12A Registration Mandatory For Claiming S. 11 Exemption: ITAT Upholds ₹5.80 Crore Addition to Town Planning Authority [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071429-itat-upholds-s12a-registration-mandatory-town-planning-authority-taxscan.webp "S.12A Registration Mandatory For Claiming S. 11 Exemption: ITAT Upholds ₹5.80 Crore Addition to Town Planning Authority [Read Order]")
![S. 80G Application Rejected without Independent Scrutiny: ITAT Sets aside CIT(E) Orders [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071355-80g-application-rejected-independent-scrutiny-itat-cite-orders-taxscan.webp "S. 80G Application Rejected without Independent Scrutiny: ITAT Sets aside CIT(E) Orders [Read Order]")