![Assessment based on Third-Party Evidence cannot be Confirmed If Evidence not Provided to Searched Person: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Cochin-ITAT-decision-on-third-party-evidence-TAXSCAN.jpg "Assessment based on Third-Party Evidence cannot be Confirmed If Evidence not Provided to Searched Person: ITAT [Read Order]")
Assessment based on Third-Party Evidence cannot be Confirmed If Evidence not Provided to Searched Person: ITAT [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) recently granted relief to an Assessee, holding that an assessment based on third-party...
![ITAT Strikes Down Reassessment based on Borrowed Satisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Strikes-Down-Reassessment-Borrowed-Satisfaction-taxscan.jpg "ITAT Strikes Down Reassessment based on Borrowed Satisfaction [Read Order]")
![Interest Income from Cooperative Bank Investments Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Pune-Interest-Income-from-Cooperative-Bank-Investments-TAXSCAN.jpg "Interest Income from Cooperative Bank Investments Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]")
ITAT Upholds Deletion of ₹86 Lakh Addition for Unsecured Loans Due to Sufficient Evidence and Loan Repayment [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the deletion of an ₹86 lakh addition for unsecured loans, citing sufficient evidence and loan repayment. The Revenue-appellant,...
![ITAT Upholds Deletion of ₹86 Lakh Addition for Unsecured Loans Due to Sufficient Evidence and Loan Repayment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Unsecured-Loans-Evidence-and-Loan-Repayment-TAXSCAN.webp "ITAT Upholds Deletion of ₹86 Lakh Addition for Unsecured Loans Due to Sufficient Evidence and Loan Repayment [Read Order]")
Addition of Cash Deposits During Demonetization: ITAT Quashes Addition Based on Tuition Income and Marriage Gifts [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) quashed the addition of ₹10,09,750 made under Section 69A of Income Tax Act,1961, for cash deposits during the demonetization period, ruling...
![Addition of Cash Deposits During Demonetization: ITAT Quashes Addition Based on Tuition Income and Marriage Gifts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Cash-Deposits-Demonetization-ITAT-Tuition-Income-Marriage-Gifts-TAXSCAN.jpg "Addition of Cash Deposits During Demonetization: ITAT Quashes Addition Based on Tuition Income and Marriage Gifts [Read Order]")
Disallowance of Claim for Interest Expense u/s 36(1)(iii): ITAT Directs AO to Verify Business Nexus and Reassess Deduction [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT )Â directed the Assessing Officer ( AO ) to verify the business nexus of the interest expense claimed under Section 36(1)(iii) and reassess...
![Disallowance of Claim for Interest Expense u/s 36(1)(iii): ITAT Directs AO to Verify Business Nexus and Reassess Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Interest-Expense-Reassess-Deduction-Disallowance-of-Claim-taxscan.jpg "Disallowance of Claim for Interest Expense u/s 36(1)(iii): ITAT Directs AO to Verify Business Nexus and Reassess Deduction [Read Order]")
CIT(A) deletes additions on Unsecured Loans after considering additional evidence: ITAT set asides order for violation of Rule 46A [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)], citing a violation of Rule 46A of the Income Tax Rules,...
![CIT(A) deletes additions on Unsecured Loans after considering additional evidence: ITAT set asides order for violation of Rule 46A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Raipur-CIT-deletes-additions-on-Unsecured-Loans-TAXSCAN.jpg "CIT(A) deletes additions on Unsecured Loans after considering additional evidence: ITAT set asides order for violation of Rule 46A [Read Order]")
Lack of awareness of Income Tax assessment proceedings u/s 148: ITAT remands matter with penalty [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter directing the Commissioner of Income Tax (Appeals) [CIT(A)] to reconsider additional evidence for additions made...
![Lack of awareness of Income Tax assessment proceedings u/s 148: ITAT remands matter with penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-Tax-assessment-ITAT-remands-Income-Tax-assessment-proceedings-taxscan.jpg "Lack of awareness of Income Tax assessment proceedings u/s 148: ITAT remands matter with penalty [Read Order]")