![AO Estimates Profit without Rejecting Books, Relies on Faulty Comparison with Sister Concern: ITAT deletes ₹5.82 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/AO-Estimates-Profit-Rejecting-Books-Relies-Faulty-Comparison-Sister-Concern-ITAT-taxscan.jpg "AO Estimates Profit without Rejecting Books, Relies on Faulty Comparison with Sister Concern: ITAT deletes ₹5.82 Crore Addition [Read Order]")
AO Estimates Profit without Rejecting Books, Relies on Faulty Comparison with Sister Concern: ITAT deletes ₹5.82 Crore Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 5.82 crore, holding that the Assessing Officer (AO) failed to...
![No Income Tax Assessment Beyond 10-year limit u/s153A: ITAT favours Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Income-Tax-Assessment-ITAT-Assessee-taxscan.jpg "No Income Tax Assessment Beyond 10-year limit u/s153A: ITAT favours Assessee [Read Order]")
![Presence of Incriminating Material on Record: ITAT Upholds Income Tax Proceedings U/s 153A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Incriminating-Material-Section-153A-Proceedings-Income-Tax-Proceedings-taxnews.jpg "Presence of Incriminating Material on Record: ITAT Upholds Income Tax Proceedings U/s 153A [Read Order]")
![Income Tax Authorities cannot Enforce Recovery on Protective Assessment: Kerala HC stays Coercive Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Kerala-High-Court-Income-Tax-Authorities-Income-Tax-TAXSCAN.jpg "Income Tax Authorities cannot Enforce Recovery on Protective Assessment: Kerala HC stays Coercive Proceedings [Read Order]")
![Income Tax Refund adjusted Despite 20% Pre-deposit and Pending Appeal: Bombay HC directs to Refund Adjusted Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-tax-refund-bombay-HC-taxscan.jpg "Income Tax Refund adjusted Despite 20% Pre-deposit and Pending Appeal: Bombay HC directs to Refund Adjusted Amount [Read Order]")
![No Income Tax Deduction for Penalty Settlements Under 4 Key Laws: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Deduction-CBDT-Income-Tax-taxscan-1.jpg "No Income Tax Deduction for Penalty Settlements Under 4 Key Laws: CBDT [Read Notification]")
![Kannur Taxpayers Appeal Rejected by ITAT Over Procedural Delay of Nearly 5 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Cochin-Kannur-taxpayer-appeal-rejected-TAXSCAN.webp "Kannur Taxpayers Appeal Rejected by ITAT Over Procedural Delay of Nearly 5 Months [Read Order]")
![ITAT Quashes Tax Assessment Against Non-Existent Entity, Cites Invalid Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Cites-Invalid-Jurisdiction-ITAT-Quashes-Tax-Assessment-taxscan.jpg "ITAT Quashes Tax Assessment Against Non-Existent Entity, Cites Invalid Jurisdiction [Read Order]")
VAT Liability Not Disallowable u/s 43B If Not Claimed As Deduction In Profit & Loss Account: ITAT [Read Order]
In a significant ruling, the Raipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that unpaid VAT liability cannot be disallowed under Section 43B of the Income Tax Act, 1961 if it has...
![VAT Liability Not Disallowable u/s 43B If Not Claimed As Deduction In Profit & Loss Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/VAT-Liability-VAT-Liability-Not-Disallowable-Deduction-In-Profit-Loss-Account-taxscan.jpg "VAT Liability Not Disallowable u/s 43B If Not Claimed As Deduction In Profit & Loss Account: ITAT [Read Order]")
Reassessment Without Proper Consideration of Evidence: ITAT Restores Rs.15.88 Lakh Addition for Fresh Verification [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) restored a reassessment case to the Assessing Officer (AO) observing that the AO failed to properly consider the documentary evidence...
![Reassessment Without Proper Consideration of Evidence: ITAT Restores Rs.15.88 Lakh Addition for Fresh Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/reassessment-site-img-1.jpg "Reassessment Without Proper Consideration of Evidence: ITAT Restores Rs.15.88 Lakh Addition for Fresh Verification [Read Order]")
Cera Sanitaryware wins on Section 14A issue; improper invocation of Rule 8D leads to deletion of Rs.4.70 lakh disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench has ruled in favor of Cera Sanitaryware Limited, deleting a disallowance of Rs.4,70,331 made under Section 14A of the Income Tax Act, 1961,...
![Cera Sanitaryware wins on Section 14A issue; improper invocation of Rule 8D leads to deletion of Rs.4.70 lakh disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Cera-Sanitaryware-Section-14A-issue-improper-invocation-of-Rule-8D-leads-taxscan.jpg "Cera Sanitaryware wins on Section 14A issue; improper invocation of Rule 8D leads to deletion of Rs.4.70 lakh disallowance [Read Order]")
ITAT Sets Aside CIT(A) Direction on TDS Recalculation, Says Original Demand Already Nullified [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Delhi Bench has set aside an order by the Commissioner of Income Tax (Appeals) [CIT(A)] that directed the Assessing Officer (AO) to recalculate the Tax...
![ITAT Sets Aside CIT(A) Direction on TDS Recalculation, Says Original Demand Already Nullified [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-on-TDS-ITAT-tax-appeal-decision-ITAT-Delhi-taxscan.jpg "ITAT Sets Aside CIT(A) Direction on TDS Recalculation, Says Original Demand Already Nullified [Read Order]")