![₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Ex-Andhra-CM-Y.S.-Jagan-Mohan-Reddy-ITAT-Addition-on-Ex-Andhra-CM-taxscan.jpg "₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]")
₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down an addition of ₹278.67 crores imposed on former Andhra Pradesh...
![Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Make-my-Trip.jpg "Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]")
![Kerala HC Stays Recovery Proceedings under Income Tax Act Till Disposal of Pending Appeal before ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Kerala-HC-Kerala-HC-Stays-Recovery-Proceedings-Recovery-Proceedings-Income-Tax-Act-Income-Tax-Income-Tax-Act-Till-Disposal-Till-Disposal-of-Pending-Appeal-taxscan.jpg "Kerala HC Stays Recovery Proceedings under Income Tax Act Till Disposal of Pending Appeal before ITAT [Read Order]")
![S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Section-562viib-of-Income-Tax-Income-Tax-Cover-Holding-Subsidiary-Share-Transactions-ITAT-ITAT-Quashes-Revision-Order-against-Oyo-taxscan.jpg "S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]")
![Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-from-Other-Sources.jpg "Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]")
Failure of CA and Advocate not Attributable to Delay of 2655 Days in Appeal Filing: ITAT holds Assessee Negligent [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed an appeal filed with a delay of 2655 days, maintaining that the onus for ensuring timely filing of appeal does not lie...
![Failure of CA and Advocate not Attributable to Delay of 2655 Days in Appeal Filing: ITAT holds Assessee Negligent [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Kolkata-ITAT-on-delayed-appeal-filing-delayed-appeal-filing-TAXSCAN.jpg "Failure of CA and Advocate not Attributable to Delay of 2655 Days in Appeal Filing: ITAT holds Assessee Negligent [Read Order]")
CIT(A) Must Decide on Merits Even in Ex Parte Cases: ITAT Remands Income Addition Dispute Matter [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter concerning the income addition dispute citing that the Commissioner of Income Tax (Appeals) [CIT(A)] failed to...
![CIT(A) Must Decide on Merits Even in Ex Parte Cases: ITAT Remands Income Addition Dispute Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Pune-Ex-Parte-Ex-Parte-Cases-taxscan.jpg "CIT(A) Must Decide on Merits Even in Ex Parte Cases: ITAT Remands Income Addition Dispute Matter [Read Order]")
![Big Breaking: CIT(A) Allows 87A Rebate on Special Rate Incomes in Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CIT-Income-Tax-Rebate-Section-87A-of-the-Income-Tax-Act-Special-Rates-Income-Income-Tax-Appeal-Taxscan.jpg "Big Breaking: CIT(A) Allows 87A Rebate on Special Rate Incomes in Income Tax Appeal [Read Order]")
S. 153C Reassessment Invalid without Incriminating Evidence, Two-Tier AO Satisfaction Required Even Before 2015 Amendment: Delhi HC [Read Order]
In a recent judgment, the Delhi High Court ruled that the reassessment proceedings initiated under Section 153C of the Income Tax Act were invalid as no incriminating material and that even before...
![S. 153C Reassessment Invalid without Incriminating Evidence, Two-Tier AO Satisfaction Required Even Before 2015 Amendment: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Reassessment-Delhi-High-Court-Section-153C-of-the-Income-Tax-Act-Taxscan.jpg "S. 153C Reassessment Invalid without Incriminating Evidence, Two-Tier AO Satisfaction Required Even Before 2015 Amendment: Delhi HC [Read Order]")
Verified Share Transactions with DEMAT Statements cannot be Treated as Bogus Income without Concrete Proof: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that share transactions backed by DEMAT statements and executed through stock exchanges cannot be treated as bogus income without...
![Verified Share Transactions with DEMAT Statements cannot be Treated as Bogus Income without Concrete Proof: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/DEMAT.jpg "Verified Share Transactions with DEMAT Statements cannot be Treated as Bogus Income without Concrete Proof: ITAT [Read Order]")
![Income Tax Amendment of Section 80AC Not Retrospective: ITAT Allows 80P Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/80P-Deduction.jpg "Income Tax Amendment of Section 80AC Not Retrospective: ITAT Allows 80P Deduction [Read Order]")
Rental Income from Business Assets to be Taxed Under 'Income from House Property', Not as Business Income: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that rental income from business assets should be treated as "Income from House Property" and not business income. Janak...
![Rental Income from Business Assets to be Taxed Under Income from House Property, Not as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Mumbai-Income-from-House-Property-Business-Assets-taxscan.jpeg "Rental Income from Business Assets to be Taxed Under Income from House Property, Not as Business Income: ITAT [Read Order]")