![Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Relief-to-Thomson-Press-Thomson-Press-income-tax-case-TAXSCAN.jpg "Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]")
Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) provided relief to Thomson Press India Ltd. by reducing the disallowance under Section 14A of...
![Genuineness and Creditworthiness of Loans: ITAT Directs AO to Reassess Documents and Decide Matter Accordingly [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Genuineness-and-Creditworthiness-of-Loans-Creditworthiness-of-Loans-Loans-ITAT-ITAT-Directs-Reassess-Documents-Decide-Matter-Accordingly-taxscan.jpg "Genuineness and Creditworthiness of Loans: ITAT Directs AO to Reassess Documents and Decide Matter Accordingly [Read Order]")
![Thomson Presss Disallowance of Export Income Deductions u/s 10B: ITAT directs AO to Reverify and Recompute Deductions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Thomson-Press-Disallowance-of-Export-Income-Deductions-Export-Income-Deductions-ITAT-ITAT-Directs-Reverify-and-Recompute-Deductions-taxscan.jpg "Thomson Presss Disallowance of Export Income Deductions u/s 10B: ITAT directs AO to Reverify and Recompute Deductions [Read Order]")
![No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/No-Penalty-Income-Tax-Addition-Income-taxscan.jpg "No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]")
![ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Expenditure.jpg "ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]")
![Settlement Application Validity Under Clause [iv] of S.245A: Madras HC Confirms Deemed Pendency Before March 31, 2021](https://www.taxscan.in/wp-content/uploads/2025/03/Madras-High-Court-Income-Tax-Settlement-Cases-Section-245A-Income-Tax-Act-TAXSCAN.jpg "Settlement Application Validity Under Clause [iv] of S.245A: Madras HC Confirms Deemed Pendency Before March 31, 2021")
Income from Mushroom Cultivation Qualifies as Agricultural Income, Exempt u/s 10(1): ITAT Dismisses Revenue’s Appeal [Read Order]
The Nagpur Bench of Income Tax Appellate Tribunal(ITAT) dismissed the Revenue’s appeal, affirming that income from mushroom cultivation qualifies as agricultural income exempt under Section 10(1) of...
![Income from Mushroom Cultivation Qualifies as Agricultural Income, Exempt u/s 10(1): ITAT Dismisses Revenue’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Mushroom-Cultivation.jpg "Income from Mushroom Cultivation Qualifies as Agricultural Income, Exempt u/s 10(1): ITAT Dismisses Revenue’s Appeal [Read Order]")
Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the matter concerning unexplained cash deposits of ₹1.04 crore for fresh adjudication by the Commissioner of Income Tax (Appeals)...
![Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Cash-Deposits-Cash-Deposits-ITAT-Sets-Aside-taxscan.jpg "Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]")
Centre's Exceptional & Discretionary Power to Relax Conditions Rule 9C of Income Tax Rules, not subject to Judicial Review: Delhi HC
The Delhi High Court has ruled that the Central government's authority to relax restrictions outlined in Section 72A of the Income Tax Act, 1962 and Rule 9C of the Income Tax Rules 1962 is...
![ITAT Upholds CIT(A)’s Deletion of S.14A Disallowance Due to No Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Exempted-Income.jpg "ITAT Upholds CIT(A)’s Deletion of S.14A Disallowance Due to No Exempt Income [Read Order]")
Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) grants deduction under section 80P(2)(d) of Income Tax Act, 1961 on interest income from cooperative banks and savings accounts, overturning...
![Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Deduction-on-Interest-Income.jpg "Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]")
Discrepancy in Net Profit Figures: ITAT Quashes Pr. CIT’s Revision Order due to Prior AO Inquiry [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) quashed the revision order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263, citing that the Assessing...
![Discrepancy in Net Profit Figures: ITAT Quashes Pr. CIT’s Revision Order due to Prior AO Inquiry [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Hyderabad-ITAT-ruling-on-AO-prior-inquiry-TAXSCAN.jpg "Discrepancy in Net Profit Figures: ITAT Quashes Pr. CIT’s Revision Order due to Prior AO Inquiry [Read Order]")