![Estimation of Gross Profit Rate and Unverifiable Purchases: ITAT Upholds CIT(A)s Decision to Limit GP to 1% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unverifiable-Purchases-ITAT-Gross-Profit-Rate-taxscan.jpg "Estimation of Gross Profit Rate and Unverifiable Purchases: ITAT Upholds CIT(A)s Decision to Limit GP to 1% [Read Order]")
Estimation of Gross Profit Rate and Unverifiable Purchases: ITAT Upholds CIT(A)'s Decision to Limit GP to 1% [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision to limit the gross profit...
![Unexplained Cash Deposit During Demonetization: ITAT deletes Addition, Accepts Mother’s Savings Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-Cash-Deposit-Demonetization-ITAT-taxscan.jpg "Unexplained Cash Deposit During Demonetization: ITAT deletes Addition, Accepts Mother’s Savings Claim [Read Order]")
![Non-Prosecution of Appeal Due to Non-Issuance of Notices: ITAT Remits Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/notices.jpg "Non-Prosecution of Appeal Due to Non-Issuance of Notices: ITAT Remits Matter to AO [Read Order]")
![Denial of Fair Opportunity and Inadequate Evidence Examination: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Ahmedabad-ITAT-restores-matter-to-AO-TAXSCAN.jpg "Denial of Fair Opportunity and Inadequate Evidence Examination: ITAT Restores Matter to AO [Read Order]")
![ITAT Quashes PCIT’s Order u/s 263 for Relying on Audit Objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Section-263-IT-Act-PCIT-revision-power-taxscan.jpg "ITAT Quashes PCIT’s Order u/s 263 for Relying on Audit Objection [Read Order]")
ITAT Allows Bad Debt Write-Off w/o Proof of Irrevocability, Protects Legitimate Transactions [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT)Â held that writing off bad debt in the books is enough for deduction, without the need to prove irrecoverability. ...
![ITAT Allows Bad Debt Write-Off w/o Proof of Irrevocability, Protects Legitimate Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-Bad-Debt-bad-debt-write-off-case-TAXSCAN.jpg "ITAT Allows Bad Debt Write-Off w/o Proof of Irrevocability, Protects Legitimate Transactions [Read Order]")
ITAT Favours JCB India: Rejects Arbitrary Royalty Adjustments, Directs TPO to Follow Advance Pricing Agreement Standards [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT)set aside an arbitrary transfer pricing adjustment on royalty payments and directed the Transfer Pricing Officer (TPO) to align with the...
![ITAT Favours JCB India: Rejects Arbitrary Royalty Adjustments, Directs TPO to Follow Advance Pricing Agreement Standards [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-JCB-India-Rejects-Arbitrary-Royalty-Adjustments-Directs-TPO-Advance-Pricing-Agreement-Standards-taxscan.jpg "ITAT Favours JCB India: Rejects Arbitrary Royalty Adjustments, Directs TPO to Follow Advance Pricing Agreement Standards [Read Order]")
Proper compliance on part of Assessee during Assessment Stage: ITAT Remands Case for Denovo Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) remanded the case of fresh adjudication after noting the assessee’s compliance. In this case, the assessee, Udayal Hiralal Jain, had...
![Proper compliance on part of Assessee during Assessment Stage: ITAT Remands Case for Denovo Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/part-of-Assessee-Assessee-during-Assessment-Stage-Assessment-Stage-ITAT-ITAT-Remands-Case-Remands-Case-Remands-Case-for-Denovo-Adjudication-taxscan.jpg "Proper compliance on part of Assessee during Assessment Stage: ITAT Remands Case for Denovo Adjudication [Read Order]")
Assessment Proceedings u/s 151A and SCN Passed without Jurisdiction: ITAT quashes NFAC’s orders [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) quashed the orders passed by the National Faceless Assessment Centre’s orders as the latter observed that the assessment proceedings...
![Assessment Proceedings u/s 151A and SCN Passed without Jurisdiction: ITAT quashes NFAC’s orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Kolkata-ITAT-quashes-NFAC-orders-Section-151A-Income-Tax-Act-TAXSCAN.jpg "Assessment Proceedings u/s 151A and SCN Passed without Jurisdiction: ITAT quashes NFAC’s orders [Read Order]")
CIT(A) failed to consider Factual Mistake Committed by CPC: ITAT Directs AO to Delete Adjustment of Rs. 3.09 Crore [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to delete the adjustment of Rs. 3.09 crores as the Commissioner of Income Tax (Appeals) [CIT(A)] failed to...
![CIT(A) failed to consider Factual Mistake Committed by CPC: ITAT Directs AO to Delete Adjustment of Rs. 3.09 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Income-Tax-appeal-CPC-mistake-taxscan-.jpg "CIT(A) failed to consider Factual Mistake Committed by CPC: ITAT Directs AO to Delete Adjustment of Rs. 3.09 Crore [Read Order]")
Timely Payment of Appeal Fee: ITAT Remands Case to CIT(A) for Fresh Adjudication After Condoning 5-Day Delay [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter back to the Commissioner of Income Tax (Appeals) [CIT(A)] for denovo meritorious adjudication after condoning a...
![Timely Payment of Appeal Fee: ITAT Remands Case to CIT(A) for Fresh Adjudication After Condoning 5-Day Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Remands-Case-Timely-Payment-of-Appeal-Fee-taxscan.jpg "Timely Payment of Appeal Fee: ITAT Remands Case to CIT(A) for Fresh Adjudication After Condoning 5-Day Delay [Read Order]")