![Intimation u/s 143(1) Quashed as Disallowance of Application of Funds Not Permitted for Charitable Trust: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/500x300_2098997-charitable-trust-taxscan.webp "Intimation u/s 143(1) Quashed as Disallowance of Application of Funds Not Permitted for Charitable Trust: ITAT [Read Order]")
Intimation u/s 143(1) Quashed as Disallowance of Application of Funds Not Permitted for Charitable Trust: ITAT [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) held that the intimation issued under Section 143(1) of the Income Tax Act was invalid...
![Depreciation Cannot be Allowed if Cost of Acquisition Claimed: ITAT Remands for Verification of S.11(6) Compliance [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2098990-dpreciation-itat-taxscan.webp "Depreciation Cannot be Allowed if Cost of Acquisition Claimed: ITAT Remands for Verification of S.11(6) Compliance [Read Order]")
![CBDT Threshold of ₹60 Lakh Leads to Dismissal of Revenue Appeal by ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2098982-revenue-appeal-taxscan.webp "CBDT Threshold of ₹60 Lakh Leads to Dismissal of Revenue Appeal by ITAT [Read Order]")
![Navjyoti Education Society’s 80G Approval Dispute Remanded by ITAT for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2098974-navjyoti-education-society-taxscan.webp "Navjyoti Education Society’s 80G Approval Dispute Remanded by ITAT for Reconsideration [Read Order]")
![MAT Adjustment Must Be Based on Lower of Business Loss or Depreciation: ITAT Dismisses Appeal of Sungroup Enterprises [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/250x150_2098829-sungroup-enterprises-itat-new-delhi-mat-adjustment-taxscan.webp "MAT Adjustment Must Be Based on Lower of Business Loss or Depreciation: ITAT Dismisses Appeal of Sungroup Enterprises [Read Order]")
Brought-Forward Loan Cannot Be Taxed without Payment During Relevant Year: ITAT Deletes ₹1.45 Cr Deemed Dividend Addition [Read Order]
The bench of the Income Tax Appellate Tribunal, Raipur, held that loans received in an earlier year cannot be treated as deemed dividend in a subsequent year when no payment was made during the...
![Brought-Forward Loan Cannot Be Taxed without Payment During Relevant Year: ITAT Deletes ₹1.45 Cr Deemed Dividend Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098691-taxed-without-payment-itat-deemed-dividend-taxscan.webp "Brought-Forward Loan Cannot Be Taxed without Payment During Relevant Year: ITAT Deletes ₹1.45 Cr Deemed Dividend Addition [Read Order]")
ITAT restricts Addition on “Peak Purchase” to Differential Margin Between Declared and Benchmark Profit in Rice Trading Case [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Raipur, has restricted the addition to the differential margin between the Gross Profit (GP) declared by the assessee and the benchmark rate...
![ITAT restricts Addition on “Peak Purchase” to Differential Margin Between Declared and Benchmark Profit in Rice Trading Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098740-rice-trading-taxscan.webp "ITAT restricts Addition on “Peak Purchase” to Differential Margin Between Declared and Benchmark Profit in Rice Trading Case [Read Order]")
Assessee’s Failure to Reconcile the Discrepancy Justifies Addition: ITAT upholds Donation Disallowance [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Raipur, upheld the disallowance of ₹15,000 made on account of donation expenses, as the assessee had failed to reconcile the difference...
![Assessee’s Failure to Reconcile the Discrepancy Justifies Addition: ITAT upholds Donation Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098679-donation-disallowance-taxscan.webp "Assessee’s Failure to Reconcile the Discrepancy Justifies Addition: ITAT upholds Donation Disallowance [Read Order]")
Amount Shown as Advance and Paid Before Due Date Cannot Be Treated as Revenue Receipt: ITAT Orders Fresh Verification on ₹6.12 Lakh Deemed Sales Tax Addition [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Raipur, ruled that an amount recorded as an advance and subsequently paid before the due date of filing the return cannot automatically be...
![Amount Shown as Advance and Paid Before Due Date Cannot Be Treated as Revenue Receipt: ITAT Orders Fresh Verification on ₹6.12 Lakh Deemed Sales Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098672-itat-deemed-sales-tax-addition-taxscan.webp "Amount Shown as Advance and Paid Before Due Date Cannot Be Treated as Revenue Receipt: ITAT Orders Fresh Verification on ₹6.12 Lakh Deemed Sales Tax Addition [Read Order]")
Bank Confirmed No Demonetized Currency Deposit on Specific Date: ITAT Deletes ₹15.45 Lakh Cash Deposit Addition [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 15,45,000/- and held that the Assessing Officer (AO) was incorrect in treating a cash deposit as unexplained ...
![Bank Confirmed No Demonetized Currency Deposit on Specific Date: ITAT Deletes ₹15.45 Lakh Cash Deposit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098616-bank-confirmed-demonetized-currency-deposit-itat-cash-deposit-addition-taxscan.webp "Bank Confirmed No Demonetized Currency Deposit on Specific Date: ITAT Deletes ₹15.45 Lakh Cash Deposit Addition [Read Order]")
Britannia Biscuit Wholesale Dealer's Estimated Income Reduced to 1% from 1.5%: ITAT Reduces Income citing Earlier Years estimation [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal reduced the estimated income of the assessee to 1% from 1.5% as estimated by the Assessing Officer (AO) due to the varying comparative...
![Britannia Biscuit Wholesale Dealers Estimated Income Reduced to 1% from 1.5%: ITAT Reduces Income citing Earlier Years estimation [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098635-britannia-biscuit-taxscan.webp "Britannia Biscuit Wholesale Dealers Estimated Income Reduced to 1% from 1.5%: ITAT Reduces Income citing Earlier Years estimation [Read Order]")
Unexplained Cash Deposit Addition u/s 69A: ITAT Restores Matter to File additional Evidence, Including Bank Statements [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) restored the issue of unexplained money addition made under Section 69A back to the file of the Assessing Officer (AO) to allow the ...
![Unexplained Cash Deposit Addition u/s 69A: ITAT Restores Matter to File additional Evidence, Including Bank Statements [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098610-unexplained-cash-deposit-itat-bank-statements-taxscan.webp "Unexplained Cash Deposit Addition u/s 69A: ITAT Restores Matter to File additional Evidence, Including Bank Statements [Read Order]")