![AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/AO-Depreciation-Deduction-ITAT-Taxpayer-Produce-Documents-taxscan.jpg "AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]")
AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessee to produce supporting documents after the Assessing Officer...
![Disallowance of ₹96.71 Lakh Foreign Exchange Loss on Import-Export Transactions Without Hedging: ITAT upholds CIT(A)’s Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Disallowance-Foreign-Exchange-Loss-Foreign-Exchange-Import-Export-Transactions-ITAT-ITAT-Upholds-CITAs-Decision-CITA-taxscan.jpg "Disallowance of ₹96.71 Lakh Foreign Exchange Loss on Import-Export Transactions Without Hedging: ITAT upholds CIT(A)’s Decision [Read Order]")
![AO Accepts Taxpayers ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Mumbai-Income-Tax-ITAT-Deletes-AO-Accepts-Income-Tax-Appellate-Tribunal-Assessing-office-taxscan.jpg "AO Accepts Taxpayers ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]")
![Section 56(2)(vii)(c)(ii) Not Applicable to Public Ltd Company for Share Allotment in Amalgamation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Amalgamation-ITAT-ITAT-Rajkot-bench-Section-56-Commissioner-of-Income-Tax-INCOME-TAX-ITAT-NEWS-INCOME-TAX-NEWS-Hindu-Undivided-Families-CIT-Taxscan.jpg "Section 56(2)(vii)(c)(ii) Not Applicable to Public Ltd Company for Share Allotment in Amalgamation: ITAT [Read Order]")
![Eligibility for Deduction u/s 80P(2)(d) on Interest Earned from Co-operative Banks: ITAT Grants Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Co-operative-Banks.jpg "Eligibility for Deduction u/s 80P(2)(d) on Interest Earned from Co-operative Banks: ITAT Grants Deduction [Read Order]")
ITAT deletes CIT(A)'s Penalty for Non-Audit of Accounts Citing Pending Quantum Assessment Appeal [Read Order]
The Agra Bench of Income Tax Appellate Tribunal (ITAT) has set aside the penalty imposed under Section 271B of the Income Tax Act, 1961, for failure to audit accounts, citing the pendency of the...
![ITAT deletes CIT(A)s Penalty for Non-Audit of Accounts Citing Pending Quantum Assessment Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Non-Audit.jpg "ITAT deletes CIT(A)s Penalty for Non-Audit of Accounts Citing Pending Quantum Assessment Appeal [Read Order]")
ITAT finds Unsecured Loans from Related Party on Account of Takeover Genuine as Actual Transaction Happened [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal ( ITAT ) held that the unsecured loans from related parties, arising from the business takeover, are genuine as the transactions actually took...
![ITAT finds Unsecured Loans from Related Party on Account of Takeover Genuine as Actual Transaction Happened [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-finds-Unsecured-Loans-Unsecured-Loans-Account-of-Takeover-Actual-Transaction-Transaction-Account-of-Takeover-Genuine-taxscan.jpg "ITAT finds Unsecured Loans from Related Party on Account of Takeover Genuine as Actual Transaction Happened [Read Order]")
Genuineness of Transaction for increase in Share Capital inconsequential for Business: ITAT upholds Deletion of Addition [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the Commissioner of Income Tax Appeals [CIT(A)], which deleted the additions made by the assessing officer (AO)...
![Genuineness of Transaction for increase in Share Capital inconsequential for Business: ITAT upholds Deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Share-Capital-ITAT-Income-tax-taxscan.jpg "Genuineness of Transaction for increase in Share Capital inconsequential for Business: ITAT upholds Deletion of Addition [Read Order]")
![Unsecured Loan Transaction Duly Substantiated: ITAT upholds Deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unsecured-Loan-Transaction-Duly-Substantiated-Transaction-Duly-ITAT-ITAT-upholds-Deletion-ITAT-upholds-Deletion-of-Addition-taxscan.jpg "Unsecured Loan Transaction Duly Substantiated: ITAT upholds Deletion of Addition [Read Order]")
Relief to Indian Oil: ITAT Grants Interest on Excess Tax, Allows Delayed Refund Interest from June 2016 [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) granted interest on excess self-assessment tax under Section 244A(1)(b) of the Income Tax Act, 1961, and partially allowed claim for...
![Relief to Indian Oil: ITAT Grants Interest on Excess Tax, Allows Delayed Refund Interest from June 2016 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/itat-itat-mumbai-Indian-Oil-ITAT-Grants-Interest-on-Excess-Tax-Taxscan.jpg "Relief to Indian Oil: ITAT Grants Interest on Excess Tax, Allows Delayed Refund Interest from June 2016 [Read Order]")
