![ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Penalty-Depreciation-Claim-TAXSCAN.jpg "ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]")
ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT), in a recent ruling, gave relief to the assessee, setting aside a penalty imposed under...
![ITAT Remands Ecoboard Industries’ Appeals for Fresh Decision observing Consultant’s Error and Financial Distress [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Ecoboard-Industries-ITAT-Consultants-Error-taxscan.jpg "ITAT Remands Ecoboard Industries’ Appeals for Fresh Decision observing Consultant’s Error and Financial Distress [Read Order]")
![Exhibition Gold Rs. 4.71cr Seized at Railway Station Over Missing Bill book: Calcutta HC backs Action of RPF and Income Tax Authorities [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Seized-at-Railway-Station-Railway-Station-Over-Missing-Bill-book-Missing-Bill-book-Calcutta-HC-taxscan-1.jpg "Exhibition Gold Rs. 4.71cr Seized at Railway Station Over Missing Bill book: Calcutta HC backs Action of RPF and Income Tax Authorities [Read Order]")
![Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/deposits-ITAT-income-tax-taxscan.jpg "Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]")
ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271(1)(c) of the Income Tax Act, 1961, was not sustainable as the omission of...
![ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-penalty-rejects-Precedent-TAXSCAN.jpg "ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]")
AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) confirmed Rs. 48,000 as assessee failed to prove source of deposits in the case where the Assessing Officer (AO) had made an addition...
![AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-Cash-Deposits.jpg "AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]")
Exemption u/s 11 and 12 for Charitable Trusts Can't Be Denied on Mere Technical Errors : ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Pune bench held that the exemption under sections 11 and 12 of the Income Tax Act, 1961, cannot be denied for mere procedural defaults if...
![Exemption u/s 11 and 12 for Charitable Trusts Cant Be Denied on Mere Technical Errors : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/charitable-trust-Technical-Errors-ITAT-taxscan.jpg "Exemption u/s 11 and 12 for Charitable Trusts Cant Be Denied on Mere Technical Errors : ITAT [Read Order]")
![Kerala HC Directs to dispose of Income Tax Appeal filed 9 Years Ago [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Appeal-taxscan.jpg "Kerala HC Directs to dispose of Income Tax Appeal filed 9 Years Ago [Read Order]")
25 Days Delay in Filing Audit report due to Covid 19Â Pandemic: Kerala HC sets aside Income Tax Order Declining to Condone Delay [Read Order]
Relying In Re cognizance for the extension of limitation Case, the Kerala High Court sets aside the income tax order, which declined to condone the 25 days delay in filing Audit report. It was found...
![25 Days Delay in Filing Audit report due to Covid 19Â Pandemic: Kerala HC sets aside Income Tax Order Declining to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/WhatsApp-Image-2025-04-09-at-12.12.45-PM.jpeg "25 Days Delay in Filing Audit report due to Covid 19Â Pandemic: Kerala HC sets aside Income Tax Order Declining to Condone Delay [Read Order]")
Jurisdiction Transferred without Following S.127 of Income Tax Act: Himachal Pradesh HC quashes Assessment [Read Order]
The High Court of Himachal Pradesh, quashed the assessment order passed by the Baddi officer for Assessment Year 2009–10, holding that the transfer of jurisdiction was made without following the...
![Jurisdiction Transferred without Following S.127 of Income Tax Act: Himachal Pradesh HC quashes Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Himachal-Pradesh-High-Court-Companys-account-transactions-income-tax-TAXSCAN.jpg "Jurisdiction Transferred without Following S.127 of Income Tax Act: Himachal Pradesh HC quashes Assessment [Read Order]")
