![Denial of Immunity from Penalty u/s 270A to Co-operative Bank: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Penalty-under-section-270A-section-270A-of-income-tax-act-TAXSCAN.jpg "Denial of Immunity from Penalty u/s 270A to Co-operative Bank: ITAT Remands Matter to AO [Read Order]")
Denial of Immunity from Penalty u/s 270A to Co-operative Bank: ITAT Remands Matter to AO [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Assessing Officer (AO) after noting that the denial of immunity...
![Unexplained Cash Deposit of ₹22.78 Lakh u/s 69A: ITAT Deletes Addition due to Sufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Rajkot-Unexplained-Cash-Deposit-Unexplained-Cash-taxscan.jpg "Unexplained Cash Deposit of ₹22.78 Lakh u/s 69A: ITAT Deletes Addition due to Sufficient Evidence [Read Order]")
![₹81.44 Lakh Addition for Alleged Bogus Purchases: ITAT Dismisses Appeal Due to 125-Day Delay Without Condonation Request [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Condonation-Request-Bogus-Purchases-ITAT-Raipur-taxscan.jpg "₹81.44 Lakh Addition for Alleged Bogus Purchases: ITAT Dismisses Appeal Due to 125-Day Delay Without Condonation Request [Read Order]")
![Ex-Parte Orders Due to Accountant’s Unnotified Exit: ITAT Remands Case to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Ex-Parte-Orders-Due-to-Accountants-ITAT-Remands-Case-AO-TAXSCAN.webp "Ex-Parte Orders Due to Accountant’s Unnotified Exit: ITAT Remands Case to AO [Read Order]")
![DVO Valuation Exceeding Stamp Duty Value: ITAT Upholds Addition Based on DVO’s Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/DVO-Valuation-Exceeding-Stamp-Duty-Value-ITAT-DVOs-Report-TAXSCAN.jpg "DVO Valuation Exceeding Stamp Duty Value: ITAT Upholds Addition Based on DVO’s Report [Read Order]")
Assessee’s Wife’s Illness Causes Delay in Filing Tax Appeal: ITAT Condones 147-Day Delay and Remands Matter to CIT(A) [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) condoned a 147-day delay in filing a tax appeal, citing the severe illness of the assessee's wife as a valid reason and remanded the case back...
![Assessee’s Wife’s Illness Causes Delay in Filing Tax Appeal: ITAT Condones 147-Day Delay and Remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-tax-appeal-delay-condonation.jpg "Assessee’s Wife’s Illness Causes Delay in Filing Tax Appeal: ITAT Condones 147-Day Delay and Remands Matter to CIT(A) [Read Order]")
Govt. Approval Not Mandatory for Enterprises Claiming S. 80IC Income Tax Deductions in Notified Special Zones: Delhi HC [Read Order]
In a recent judgment, the Delhi High Court ruled that enterprises claiming deductions under Section 80IC of the Income Tax Act are not required to obtain government approval if they operate in...
![Govt. Approval Not Mandatory for Enterprises Claiming S. 80IC Income Tax Deductions in Notified Special Zones: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Not-Mandatory-for-Enterprises-Claiming-Not-Mandatory-Enterprises-Claiming-section-80IC-Income-Tax-Deductions-Income-Tax-Deductions-Delhi-HC-taxscan.jpg "Govt. Approval Not Mandatory for Enterprises Claiming S. 80IC Income Tax Deductions in Notified Special Zones: Delhi HC [Read Order]")
Clerical Errors in Reassessment Notices can be Rectified but Ignoring Apparent Mistakes in Assessment Order is Unsustainable: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court stated that clerical mistakes in reassessment notices can be corrected, but ignoring clear errors in assessment orders is not acceptable. The case...
![Clerical Errors in Reassessment Notices can be Rectified but Ignoring Apparent Mistakes in Assessment Order is Unsustainable: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-tax-Assessment-order-mistakes.jpg "Clerical Errors in Reassessment Notices can be Rectified but Ignoring Apparent Mistakes in Assessment Order is Unsustainable: Delhi HC [Read Order]")
₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down an addition of ₹278.67 crores imposed on former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy. The tribunal...
![₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Ex-Andhra-CM-Y.S.-Jagan-Mohan-Reddy-ITAT-Addition-on-Ex-Andhra-CM-taxscan.jpg "₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]")
Relief to Make My Trip: ITAT Quashes Revision Order Noting AO's Proper Inquiry on ESOP Expenses [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) quashed the revision order issued by the Principal Commissioner of Income Tax (PCIT) against Make My Trip (India) Private Limited, ruling that...
![Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Make-my-Trip.jpg "Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]")
Kerala HC Stays Recovery Proceedings under Income Tax Act Till Disposal of Pending Appeal before ITAT [Read Order]
In a recent case, the Kerala High Court stayed the recovery proceedings under the Income Tax Act, 1961 till the disposal of the pending appeal before the Income Tax Appellate Tribunal (ITAT). The...
![Kerala HC Stays Recovery Proceedings under Income Tax Act Till Disposal of Pending Appeal before ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Kerala-HC-Kerala-HC-Stays-Recovery-Proceedings-Recovery-Proceedings-Income-Tax-Act-Income-Tax-Income-Tax-Act-Till-Disposal-Till-Disposal-of-Pending-Appeal-taxscan.jpg "Kerala HC Stays Recovery Proceedings under Income Tax Act Till Disposal of Pending Appeal before ITAT [Read Order]")
S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]
In arecent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed the revision order passed under section 263 of the Income Tax Act, 1961 against Oyo holding that share...
![S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Section-562viib-of-Income-Tax-Income-Tax-Cover-Holding-Subsidiary-Share-Transactions-ITAT-ITAT-Quashes-Revision-Order-against-Oyo-taxscan.jpg "S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]")