![ITAT Deletes Rs.96.62 Lakh Penalty, Rules Section 271(1)(c) Not Applicable on Estimated Additions [Read ORder]](https://www.taxscan.in/wp-content/uploads/2025/05/AO-incorrectly-already-disallowed-Penalty-ITAT-Penalty-prevent-Double-Addition-taxscan.jpg "ITAT Deletes Rs.96.62 Lakh Penalty, Rules Section 271(1)(c) Not Applicable on Estimated Additions [Read ORder]")
ITAT Deletes Rs.96.62 Lakh Penalty, Rules Section 271(1)(c) Not Applicable on Estimated Additions [Read ORder]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has deleted a penalty of Rs.96.62 lakh imposed on Delhi-based fabric trader Pawan Kumar Gupta,...
![ITAT Upholds Rs.1.5L Penalty on Jewellery Firm for Tax Audit Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/penalty.jpg "ITAT Upholds Rs.1.5L Penalty on Jewellery Firm for Tax Audit Non-Compliance [Read Order]")
Pen Drive cannot be Incriminating Material: Delhi HC sets aside Notice issued u/s 153C of Income Tax Act [Read Order]
The Delhi High Court set aside the notice issued under section 153 C of the Income Tax Act, 1961 holding that the Pen Drive contains information regarding transactions of bogus invoices that cannot...
![Pen Drive cannot be Incriminating Material: Delhi HC sets aside Notice issued u/s 153C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-High-Court-Delhi-HC-sets-aside-Notice-Income-Tax-TAXSCAN.jpg "Pen Drive cannot be Incriminating Material: Delhi HC sets aside Notice issued u/s 153C of Income Tax Act [Read Order]")
![ITAT Sets Aside Ex-Parte CIT(A) Order Due to Invalid Notice Service [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Ex-Parte-Assessment-Orders.jpg "ITAT Sets Aside Ex-Parte CIT(A) Order Due to Invalid Notice Service [Read Order]")
ITAT Overturns CIT(A) Order: Notices Wrongly Sent via Email Despite Assessee's Explicit Opt-Out [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has set aside an ex-parte appellate order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for the...
![ITAT Overturns CIT(A) Order: Notices Wrongly Sent via Email Despite Assessees Explicit Opt-Out [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CITA-Order.jpg "ITAT Overturns CIT(A) Order: Notices Wrongly Sent via Email Despite Assessees Explicit Opt-Out [Read Order]")
Lack of Corroborative Evidence for Addition of Rs.4.93 Cr as Unaccounted Property Investment: ITAT Dismisses Revenue Appeals [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed nine appeals filed by the Revenue ruling that lack of corroborative evidence for additions totaling Rs. 4.93 crore made by...
![Lack of Corroborative Evidence for Addition of Rs.4.93 Cr as Unaccounted Property Investment: ITAT Dismisses Revenue Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-property-case.jpg "Lack of Corroborative Evidence for Addition of Rs.4.93 Cr as Unaccounted Property Investment: ITAT Dismisses Revenue Appeals [Read Order]")
AO Failed to specify Transaction Details: ITAT Remands Rs. 50.5 Lakh Unexplained Money Matter for Reconsideration [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving an addition of Rs. 50.5 lakh, treated as unexplained money, back to the Assessing Officer (AO) for fresh...
![AO Failed to specify Transaction Details: ITAT Remands Rs. 50.5 Lakh Unexplained Money Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/AO-Failed-to-specify-Transaction-Details-Transaction-Details-ITAT-taxscan.jpg "AO Failed to specify Transaction Details: ITAT Remands Rs. 50.5 Lakh Unexplained Money Matter for Reconsideration [Read Order]")
S. 80P(2) Deduction Disallowed for Lack of License: ITAT Remands Matter on Deduction claim on Co-operative bank Interest Income [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving the disallowance of deductions under Sections 80P(2)(d) and 80P(2)(a)(i) of the Income Tax Act to the...
![S. 80P(2) Deduction Disallowed for Lack of License: ITAT Remands Matter on Deduction claim on Co-operative bank Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/bank-interest-site-img.jpg "S. 80P(2) Deduction Disallowed for Lack of License: ITAT Remands Matter on Deduction claim on Co-operative bank Interest Income [Read Order]")