![Income Tax Reassessment gone wrong: ITAT sets aside Order for Incorrect Invocation of Section 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Reassessment-Taxscan.jpg "Income Tax Reassessment gone wrong: ITAT sets aside Order for Incorrect Invocation of Section 148 [Read Order]")
Income Tax Reassessment gone wrong: ITAT sets aside Order for Incorrect Invocation of Section 148 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) quashed the reassessment initiated under an invalid notice issued under Section 148 of the...
![ITAT allows Set Off of Accumulated Deficit against Current Year Surplus [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-ITAT-on-Accumulated-Deficit-Set-Off-taxscan-1.jpg "ITAT allows Set Off of Accumulated Deficit against Current Year Surplus [Read Order]")
![Interest u/s 234C to be calculated on Returned Income: ITAT in Goldman Sachs case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Goldman-Sachs.jpeg "Interest u/s 234C to be calculated on Returned Income: ITAT in Goldman Sachs case [Read Order]")
![ESOP expenses should not be regarded contingent or notional: ITAT allows Goldman Sachs to claim deduction u/s 37(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-ESOP-expense-Section-371-of-Income-Tax-Act-taxscan.jpg "ESOP expenses should not be regarded contingent or notional: ITAT allows Goldman Sachs to claim deduction u/s 37(1) [Read Order]")
![Revenue Contests CIT(A)’s Penalty Reduction citing HC’s Pending Appeal: ITAT clarifies AO can Revise Order if HC modifies Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/TAT-ITAT-Ahmedabad-CITA-AO-Taxscan.jpg "Revenue Contests CIT(A)’s Penalty Reduction citing HC’s Pending Appeal: ITAT clarifies AO can Revise Order if HC modifies Order [Read Order]")
![ITAT Ruling: Taxpayer gets relief on Cash Deposits, Revenue loses on Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-ITAT-Ruling-Relief-on-Cash-Deposits-Revenue-Loses-Loses-on-Deduction-Claim-Income-Tax-section-143-taxscan.jpg "ITAT Ruling: Taxpayer gets relief on Cash Deposits, Revenue loses on Deduction Claim [Read Order]")
ITAT quashes Assessment Order: Transfer of Case without Section 127 Order held as Jurisdictional Error [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has quashed an assessment order passed by the Income Tax Officer ( ITO ), Ward 50(2), Delhi, under Section 144 of the Income Tax Act, 1961,...
![ITAT quashes Assessment Order: Transfer of Case without Section 127 Order held as Jurisdictional Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Assessment-Order-ITAT-Quashes-Assessment-Order-Section-127-Jurisdictional-Error-taxscan.jpg "ITAT quashes Assessment Order: Transfer of Case without Section 127 Order held as Jurisdictional Error [Read Order]")
ITAT allows Goldman Sachs to claim deduction for leave encashment paid before due date of ITR filing u/s 43B(f) [Read Order]
In a recent ruling, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the assessee Goldman Sachs to claim deduction for leave encashment paid before the due date of ITR filing...
![ITAT allows Goldman Sachs to claim deduction for leave encashment paid before due date of ITR filing u/s 43B(f) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-ITR-ITR-filing-TAXSCAN-2.jpg "ITAT allows Goldman Sachs to claim deduction for leave encashment paid before due date of ITR filing u/s 43B(f) [Read Order]")
![Addition of Rs. 2.25 Crores on Unexplained Cash Deposits: ITAT directs De Novo Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Unexplained-Cash-Deposits-ITAT-Directs-De-Novo-Hearing-De-Novo-Hearing-taxscan.jpg "Addition of Rs. 2.25 Crores on Unexplained Cash Deposits: ITAT directs De Novo Hearing [Read Order]")
Denial of Trust Registration u/s 12AB: ITAT Remits Case for Reassessment and Recalculation of Income as AOP [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remits matter to Assessing Officer ( AO ) for reassessment and recalculation of income as Association of Persons ( AOP ) following denial...
![Denial of Trust Registration u/s 12AB: ITAT Remits Case for Reassessment and Recalculation of Income as AOP [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-Trust-registration-TAXSCAN.jpg "Denial of Trust Registration u/s 12AB: ITAT Remits Case for Reassessment and Recalculation of Income as AOP [Read Order]")
Depreciation Claim of 30.23 Cr on Intangible Assets Disallowed: ITAT upholds Revision of Assessment u/s 263 [Read Order]
In а recent ruling, thе Mumbai benсh оf thе Income Tах Appellate Tribunal ( ITAT ) hеld thаt thе authorities must adequately investigated а deрreciаtiоn clаim fоr intаngible аssets, аnd thе аssessee...
![Depreciation Claim of 30.23 Cr on Intangible Assets Disallowed: ITAT upholds Revision of Assessment u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/itat-assessment-depreciation-section-263-taxscan-.jpg "Depreciation Claim of 30.23 Cr on Intangible Assets Disallowed: ITAT upholds Revision of Assessment u/s 263 [Read Order]")
ITAT Intervenes, Directs CIT(A) to Grant Personal Hearing to Assessee via Video Conferencing [Read Order]
Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals), CIT(A) for fresh adjudication due to the denial of a personal hearing to the...
![ITAT Intervenes, Directs CIT(A) to Grant Personal Hearing to Assessee via Video Conferencing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Intervenes-Directs-CITA-Hearing-to-Assessee-via-Video-Conferencing-ITAT-Grant-Personal-Hearing-Income-Tax-ITAT-Ahmedabad-taxscan.jpg "ITAT Intervenes, Directs CIT(A) to Grant Personal Hearing to Assessee via Video Conferencing [Read Order]")