![Paper books Proving Genuineness of Unsecured Loan and Movt of Funds: ITAT grants one Last Opportunity to Contest [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057383-site-img31-1-1.webp "Paper books Proving Genuineness of Unsecured Loan and Movt of Funds: ITAT grants one Last Opportunity to Contest [Read Order]")
Paper books Proving Genuineness of Unsecured Loan and Movt of Funds: ITAT grants one Last Opportunity to Contest [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has remanded back an addition of ₹40 lakh made under Section68 of the income tax act,...
![AO Cannot Travel Beyond Limited Scrutiny Without Pr. CIT’s Consent: ITAT reiterates CBDT Instruction, Deletes Addition u/s 36(1)(iii) [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057401-scrutiny-cbdt.webp "AO Cannot Travel Beyond Limited Scrutiny Without Pr. CIT’s Consent: ITAT reiterates CBDT Instruction, Deletes Addition u/s 36(1)(iii) [Read Order]")
![Calcutta HC dismisses Writ Petition Challenging Order passed u/s 148A(d) of Income Tax Act on limitation, citing Availability of Alternative Remedy [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/250x150_2057110-calcutta-high-court-income-tax-act-taxscan.webp "Calcutta HC dismisses Writ Petition Challenging Order passed u/s 148A(d) of Income Tax Act on limitation, citing Availability of Alternative Remedy [Read Order]")
![Capital Creditors reflected in FY 2015-16 Mistakenly Shown as Trade Payables in FY 2016-17: ITAT upholds Deletion [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057368-capital-creditors.webp "Capital Creditors reflected in FY 2015-16 Mistakenly Shown as Trade Payables in FY 2016-17: ITAT upholds Deletion [Read Order]")
![Additions Without Concrete Evidence and Show Cause Notice Violates Natural Justice: ITAT deletes all Additions, Dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057352-madras-high-court-scn-show-cause-notice-taxscan-1.webp "Additions Without Concrete Evidence and Show Cause Notice Violates Natural Justice: ITAT deletes all Additions, Dismisses Revenue’s Appeal [Read Order]")
Technical Glitch in Income Tax Portal: Madras HC quashes Order as Taxpayer Could not Opt Personal Hearing [Read Order]
The Madras High Court has set aside an income tax order passed without affording the assessee an opportunity of personal hearing due to a technical issue on the Income Tax e-filing portal. The ...
![Technical Glitch in Income Tax Portal: Madras HC quashes Order as Taxpayer Could not Opt Personal Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057101-madras-high-court-technical-glitch-income-tax-portal-taxscan.webp "Technical Glitch in Income Tax Portal: Madras HC quashes Order as Taxpayer Could not Opt Personal Hearing [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 revisionary jurisdiction under Section 263 to disallow...
![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]")
Adhoc Disallowance Without Complete Verification Unsustainable: ITAT Deletes ₹22 Lakh Addition for Cash Purchases from URD
In a matter of jewellers and traders dealing with unregistered vendors, the Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that an adhoc disallowance of purchases without complete...
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]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that there is no legal bar on an assessee retaining cash for a reasonable period if the source of the funds is traceable and...
![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/2025/06/30/500x300_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]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has scaled down an ad hoc disallowance made by the Assessing Officer ( AO ) on various business expenses, citing lack of proper...
![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/2025/06/30/500x300_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]")