![Addition of Rs. 55 Lakh as Undisclosed Income Based on Retraction: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Addition-Undisclosed-Income-Retraction-ITAT-taxscan.jpg "Addition of Rs. 55 Lakh as Undisclosed Income Based on Retraction: ITAT deletes Addition [Read Order]")
Addition of Rs. 55 Lakh as Undisclosed Income Based on Retraction: ITAT deletes Addition [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 55 lakh as undisclosed income, ruling that the addition could...
![Income Tax Bill 2025: Who is an Indian Resident Now? [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-Indian-Resident-Income-Tax-Taxscan.jpg "Income Tax Bill 2025: Who is an Indian Resident Now? [Read Bill]")
![No proposed Change to Accountant Definition in Income Tax Bill 2025 [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Act-Income-Tax-Act-2025-Definition-in-Income-Tax-Accountant-Taxscan.jpg "No proposed Change to Accountant Definition in Income Tax Bill 2025 [Read Bill]")
![New Income Tax Bill: Know Major Changes in Tax Audit Applicability [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/New-Income-Tax-Bill-Income-Tax-Bill-Changes-in-Tax-Audit-Income-Tax-TAXSCAN.jpg "New Income Tax Bill: Know Major Changes in Tax Audit Applicability [Read Bill]")
![CPC Adds Amount Already Included in Taxable Income: ITAT Deletes Erroneous ₹19,253 Double Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax.jpg "CPC Adds Amount Already Included in Taxable Income: ITAT Deletes Erroneous ₹19,253 Double Addition [Read Order]")
TPO cannot introduce new adjustment in current AY without consistency from prior years for identical transactions: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Transfer Pricing Officer ( TPO ) cannot introduce a new adjustment in the current assessment year ( AY ) if no such...
![TPO cannot introduce new adjustment in current AY without consistency from prior years for identical transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-TPO-Income-Tax-taxscan-1.jpg "TPO cannot introduce new adjustment in current AY without consistency from prior years for identical transactions: ITAT [Read Order]")
ITAT deletes Rs. 3 lakh Income Addition, Finds proportionate Income already disclosed in return [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Rs. 3 lakh income addition, ruling that the proportionate income was already disclosed in the tax return. Harish Jain,...
![ITAT deletes Rs. 3 lakh Income Addition, Finds proportionate Income already disclosed in return [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Income-Addition-Income-Tax-taxscan.jpg "ITAT deletes Rs. 3 lakh Income Addition, Finds proportionate Income already disclosed in return [Read Order]")
Unexplained Loans of Rs. 4.28 Crore: ITAT upholds CIT(A) Decision to delete Addition [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income tax(Appeals)[CIT(A)]'s decision to delete the Rs. 4.28 crore addition under section 68 of Income Tax Act,1961...
![Unexplained Loans of Rs. 4.28 Crore: ITAT upholds CIT(A) Decision to delete Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Loans-Loan-ITAT-ITAT-Upholds-CITA-Decision-CITA-Delete-Addition-CITA-Decision-to-Delete-Addition-taxscan.jpg "Unexplained Loans of Rs. 4.28 Crore: ITAT upholds CIT(A) Decision to delete Addition [Read Order]")
![Income Tax Bill 2025 Proposes Replacing Previous Year with Tax Year [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Tax-year.jpg "Income Tax Bill 2025 Proposes Replacing Previous Year with Tax Year [Read Bill]")
Relief to ITI IMC: ITAT Rules Government Grants Received Years Ago Still Qualify as Funding if FD Interest is Used for Education [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) held that government grants received years ago still qualify as funding if the fixed deposit (FD) interest is used for educational purposes....
![Relief to ITI IMC: ITAT Rules Government Grants Received Years Ago Still Qualify as Funding if FD Interest is Used for Education [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Relief-to-ITI-IMC-ITI-IMC-ITAT-ITAT-Rules-Government-Grants-Received-Qualify-as-Funding-if-FD-Interest-FD-Interest-FD-Interest-is-Used-for-Education-taxscan.jpg "Relief to ITI IMC: ITAT Rules Government Grants Received Years Ago Still Qualify as Funding if FD Interest is Used for Education [Read Order]")
![Income Tax Bill 2025 Likely to Be Tabled in Parliament Tomorrow [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Income-Tax-Bill-Income-Tax-Bill-2025-Tabled-in-Parliament-Parliament-taxscan.jpg "Income Tax Bill 2025 Likely to Be Tabled in Parliament Tomorrow [Read Bill]")
![List of Sections in the New proposed Income Tax Act, 2025 [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/List-of-Sections-New-proposed-Income-Tax-Act-2025-taxscan.jpg "List of Sections in the New proposed Income Tax Act, 2025 [Read Bill]")