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ITAT Rejects Appeal, Upholds Tax Additions due to Unaccounted Income [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal ( ITAT ) Patna Bench has dismissed the appeals filed by the appellant and upheld the income tax additions made...

ITAT Orders Reassessment of Post-Demonetization Cash Deposits by Bar & Restaurant Business Owner...

Income Tax Rules Amendment: Non-Resident Entities with Liaison Offices in India must File Form 49C...

CBDT's Official Income Tax Calculator for FY 2025-26: Comparing Old vs. New Tax Regime

Disallowance of R&D Expense Deductions due to Missing DSIR Form 3CL: ITAT allows Full Deduction for...

85% of Unaccounted Cash Receipts as Income: ITAT Directs AO to Tax based on Net Profit [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to tax only the net profit from unaccounted cash receipts instead of treating 85% of the receipts as...

Validity of Digital Evidence Without S.65B(4) Certificate: ITAT Upholds Addition of ₹4.20 Crore [Read Order]

The Pune Bench of Income Tax Appellate Tribunal(ITAT) upheld the addition of ₹4.20 crore, rejecting the challenge to the validity of digital evidence due to the absence of a Section 65B(4)...

Income Tax Order Issued in Deceased Taxpayer's Name: ITAT Remands Matter for Fresh Adjudication [Read Order]

The Bangalore bench of Income Tax Appellate Tribunal (ITAT) remanded the case for fresh adjudication to the Commissioner of Income Tax (Appeals) [CIT(A)], due to the order issued in the name of a...

Delay in Issuing Requisition u/s 132A: Delhi HC Upholds Validity and Links Seized Cash to Undisclosed Income [Read Order]

In the recent ruling,the High Court of Delhi,upheld the validity of the requisition under Section 132A of Income Tax Act,1961 and linked the seized ₹98,00,000 to undisclosed income, finding the...

ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]

In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of ₹88 Lakhs in knitting charges under Section 40A(3) as cash payments exceeding the...

2 Appeals filed by the assessee on same subject matter due to Technical Error: ITAT allows assessee to withdraw Captioned Appeal [Read Order]

The Raipur bench of the Income Tax Appellate Tribunal (ITAT) allowed the assessee to withdraw the captioned appeal as 2 appeals were filed by the assessee on the same subject matter due to technical...

ITAT sets aside CIT(A)'s order due to Erroneous Delay Calculation, directs fresh Hearing on Condonation Request [Read Order]

The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) set aside the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] due to an erroneous calculation of the delay in filing an...

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