![ITAT Allows Assessee to Withdraw Appeal, with Option to Revoke if Vivad Se Vishwas Scheme is Unsuccessful [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Bangalore-Vivad-Se-Vishwas-Scheme-TAXSCAN.jpg "ITAT Allows Assessee to Withdraw Appeal, with Option to Revoke if Vivad Se Vishwas Scheme is Unsuccessful [Read Order]")
ITAT Allows Assessee to Withdraw Appeal, with Option to Revoke if Vivad Se Vishwas Scheme is Unsuccessful [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore SMC-‘C’ Bench has allowed the withdrawal of an appeal filed by appellant for the Assessment Year...
![Supreme Court & High Courts Weekly Round-up [Feb 15th to Feb 21st,2025]](https://www.taxscan.in/wp-content/uploads/2025/02/Supreme-court-High-court-Judgments-Supreme-court-tax-judgments-high-court-case-updates-TAXSCAN.jpg "Supreme Court & High Courts Weekly Round-up [Feb 15th to Feb 21st,2025]")
![No Interference with Trading Results and Gross Profits if Proof of Sales, Purchases, Quantity, Delivery, and Payment are Provided: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-Trading-Results-Taxscan-.jpg "No Interference with Trading Results and Gross Profits if Proof of Sales, Purchases, Quantity, Delivery, and Payment are Provided: ITAT [Read Order]")
![ITAT Directs Inclusion of Magma Advisory Services as Comparable, Rejects Exclusion Based on Negative Cash Flow [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-site-img-4.jpg "ITAT Directs Inclusion of Magma Advisory Services as Comparable, Rejects Exclusion Based on Negative Cash Flow [Read Order]")
![ITAT Sets Aside PCITs Revision, Upholds Deduction u/s 10AA Due to Proper AO Review [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Sets-Aside-PCITs-Revision-PCITs-Revision-PCITs-Upholds-Deduction-Section-10AA-Due-to-Proper-AO-Review-AO-Review-taxscan.jpg "ITAT Sets Aside PCITs Revision, Upholds Deduction u/s 10AA Due to Proper AO Review [Read Order]")
![Neither CIT(A) Nor AO Accurately Computed Taxpayers Income: ITAT Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-12.jpg "Neither CIT(A) Nor AO Accurately Computed Taxpayers Income: ITAT Remands Matter [Read Order]")
Compensation Paid for Project Delays in Real Estate Business is Deductible Expense: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that compensation paid for project delays in the real estate business is a deductible expense as it was an expense incurred in the...
![Compensation Paid for Project Delays in Real Estate Business is Deductible Expense: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Compensation-Paid-for-Project-Project-Delays-Project-Delays-in-Real-Estate-Business-Real-Estate-Business-Real-Estate-Business-is-Deductible-Expense-Deductible-Expense-ITAT-taxscan.jpg "Compensation Paid for Project Delays in Real Estate Business is Deductible Expense: ITAT [Read Order]")
Failure to Serve Notices at Correct Address: ITAT orders Reassessment of Unexplained Deposits and Income [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside the assessment order against the assessee, citing violations of natural justice and failure to consider additional...
![Failure to Serve Notices at Correct Address: ITAT orders Reassessment of Unexplained Deposits and Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Ahmedabad-Reassessment-of-Unexplained-Deposits-TAXSCAN.jpg "Failure to Serve Notices at Correct Address: ITAT orders Reassessment of Unexplained Deposits and Income [Read Order]")
Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT)deleted the addition made under Section 69A of Income Tax Act,1961 for cash deposits and advances, holding that the amounts were sourced from...
![Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Additions-for-Cash-Deposits-Cash-Deposits-Cash-Deposits-and-Advances-Section-69A-ITAT-ITAT-Deletes-Addition-Based-on-Recorded-Sales-Recorded-Sales-taxscan.jpg "Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]")
Interest on Enhanced Compensation u/s 28 of Land Acquisition is Part of Total Compensation, Not Income: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest on enhanced compensation awarded under Section 28 of the Land Acquisition Act is not taxable as income from other...
![Interest on Enhanced Compensation u/s 28 of Land Acquisition is Part of Total Compensation, Not Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Delhi-ITAT-case-on-land-acquisition-compensation-taxscan.jpg "Interest on Enhanced Compensation u/s 28 of Land Acquisition is Part of Total Compensation, Not Income: ITAT [Read Order]")
When Dept. is Custodian, It Cannot Blame Taxpayer for Not Filing Original S.12A Registration Certificate: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Department cannot blame the assessee for not filing the original certificate when the Department is the custodian of the...
![When Dept. is Custodian, It Cannot Blame Taxpayer for Not Filing Original S.12A Registration Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Pune-Income-tax-Section-12A-of-Income-Tax-Act-TAXSCAN.jpg "When Dept. is Custodian, It Cannot Blame Taxpayer for Not Filing Original S.12A Registration Certificate: ITAT [Read Order]")
ITAT upholds TPO's Rejection of RRB Energy Ltd. as Comparable Citing Negative Margins & Functional Differences [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the decision of the Transfer Pricing Officer (TPO) to reject RRB Energy Ltd. as a comparable company in the transfer pricing...
![ITAT upholds TPOs Rejection of RRB Energy Ltd. as Comparable Citing Negative Margins & Functional Differences [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-RRB-Energy-Ltd-ITAT-Upholds-TPO-Taxscan-.jpg "ITAT upholds TPOs Rejection of RRB Energy Ltd. as Comparable Citing Negative Margins & Functional Differences [Read Order]")