![Excess Expenditure Does Not Bar 15% Accumulation Claim u/s 11(1)(a): ITAT Relieves Rajasthan Cricket Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/rajasthan-cricket-site-img.jpg "Excess Expenditure Does Not Bar 15% Accumulation Claim u/s 11(1)(a): ITAT Relieves Rajasthan Cricket Association [Read Order]")
Excess Expenditure Does Not Bar 15% Accumulation Claim u/s 11(1)(a): ITAT Relieves Rajasthan Cricket Association [Read Order]
In a recent decision made by the Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ), it was held that the 15% accumulation claim under...
![ITAT Weekly Round-Up [April 27th- May 2nd]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Weekly-Round-Up-Weekly-Round-Up-ITAT-ITAT-Weekly-Round-Up-for-April-and-May-taxscan.jpg "ITAT Weekly Round-Up [April 27th- May 2nd]")
![PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/opportunity-to-produce-necessary-documents-AO-for-verification-would-meet-the-ends-of-justice-ITAT-TAXSCAN.jpg "PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]")
![Disallowance u/s 56(2)(viib) Invalid Despite Evidence of Creditworthiness: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Disallowance-not-applicable-Payment-Account-Payee-Cheque-Account-Payee-DD-ITAT-TAXSCAN.jpg "Disallowance u/s 56(2)(viib) Invalid Despite Evidence of Creditworthiness: ITAT upholds CIT(A) Order [Read Order]")
![Trust’s Rejection Order Lacks Date and Proper Service of Notices: ITAT remands 12A Registration Matter back to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Registration-ITAT-CIT-TAXSCAN.jpg "Trust’s Rejection Order Lacks Date and Proper Service of Notices: ITAT remands 12A Registration Matter back to CIT(E) [Read Order]")
ITAT Confirms CIT(A)’s Deletion of Rs.1.82 Crore Addition as Revenue Fails to Produce Contrary Evidence [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) confirmed the Commissioner of Income Tax (Appeals) [CIT(A)]’s deletion of Rs. 1.82 crore addition as revenue failed to produce contrary...
![ITAT Confirms CIT(A)’s Deletion of Rs.1.82 Crore Addition as Revenue Fails to Produce Contrary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Income-tax-Income-tax-news-Tax-news-Corroborative-Evidence-taxscan-1.jpg "ITAT Confirms CIT(A)’s Deletion of Rs.1.82 Crore Addition as Revenue Fails to Produce Contrary Evidence [Read Order]")
“Cash Deposits Only results in ‘Reason to Suspect’, Not ‘Reason to Believe’”: ITAT Quashes Reassessment Proceedings for 2 AYs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal quashed the reassessment proceedings for 2 assessment years (AY) as the bench noted that no returns had been filed on the cash deposits only...
![“Cash Deposits Only results in ‘Reason to Suspect’, Not ‘Reason to Believe’”: ITAT Quashes Reassessment Proceedings for 2 AYs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/reassessment-proceedings.jpg "“Cash Deposits Only results in ‘Reason to Suspect’, Not ‘Reason to Believe’”: ITAT Quashes Reassessment Proceedings for 2 AYs [Read Order]")
Cash Deposits Linked to Pension and Property Sale Properly explained': ITAT Quashes Unexplained Income Addition under Section 69A [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) quashed the Unexplained Income Addition under Section 69A of the Income Tax Act, 1961, by noting that the assessee had sufficiently...
![Cash Deposits Linked to Pension and Property Sale Properly explained: ITAT Quashes Unexplained Income Addition under Section 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Pension-ITAT-TAXSCAN.jpg "Cash Deposits Linked to Pension and Property Sale Properly explained: ITAT Quashes Unexplained Income Addition under Section 69A [Read Order]")
No Tangible Evidence of GE Renewables' Permanent Establishment in India: Delhi HC Quashes Income Tax Reassessment [Read Order]
In a recent judgment, the Delhi High Court quashed the reopening of income tax assessments initiated against GE Renewables Grid LLC (formerly known as Alstom Grid Inc/LLC), holding that the Assessing...
![No Tangible Evidence of GE Renewables Permanent Establishment in India: Delhi HC Quashes Income Tax Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Reassessment-GE-Renewables-Permanent-Establishment-in-India-taxscan.jpg "No Tangible Evidence of GE Renewables Permanent Establishment in India: Delhi HC Quashes Income Tax Reassessment [Read Order]")
Surcharge Applies Only When Income Tax Is Computed on Total Income Exceeding ₹50 Lakhs: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) recently ruled that surcharge under the Income Tax Act, 1961 applies only when the income tax is computed on total income exceeding ₹50...
![Surcharge Applies Only When Income Tax Is Computed on Total Income Exceeding ₹50 Lakhs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/surcharge-ITAT-TAXSCAN.jpg "Surcharge Applies Only When Income Tax Is Computed on Total Income Exceeding ₹50 Lakhs: ITAT [Read Order]")
AO has No Jurisdiction to Ignore CIT(A)’s Order even by Relying on Subsequent Supreme Court Decision: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court has ruled that the Assessing Officer ( AO ) has no jurisdiction to ignore the order of the Commissioner of Income Tax (Appeals) [CIT(A)] even by relying on...
![AO has No Jurisdiction to Ignore CIT(A)’s Order even by Relying on Subsequent Supreme Court Decision: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-high-court-Supreme-Court-Assessing-Officer-cannot-override-CITA-TAXSCAN.webp "AO has No Jurisdiction to Ignore CIT(A)’s Order even by Relying on Subsequent Supreme Court Decision: Delhi HC [Read Order]")
Relief to EY GDS: ITAT Upholds S. 10AA Deduction, Rules Revised Return Irrelevant as No Changes in Claim [Read Order]
In a recent decision, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ), held that the revised return, which did not alter the original claim, was irrelevant to the entitlement of the...
![Relief to EY GDS: ITAT Upholds S. 10AA Deduction, Rules Revised Return Irrelevant as No Changes in Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/EY-GDS-ITAT-Bangalore-Deduction-taxscan.jpg "Relief to EY GDS: ITAT Upholds S. 10AA Deduction, Rules Revised Return Irrelevant as No Changes in Claim [Read Order]")