![ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Pre-Possession-Fit-Out-Expenses-Capital-Gains-Pre-Possession-Fit-Out-Expenses-itat-mumbai-taxscan.jpg "ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]")
ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that pre-ownership fit-out expenses incurred for making a bare-shell flat...
![Faulty Income Tax Assessment: ITAT Quashes Addition and Penalty against 82 Years Old Senior Citizen [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Jaipur-Income-Tax-Assessment-Penalty-against-Senior-Citizen-TAXSCAN.jpg "Faulty Income Tax Assessment: ITAT Quashes Addition and Penalty against 82 Years Old Senior Citizen [Read Order]")
![Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/TAT-ITAT-Jaipur-Section-44AD-of-Income-Tax-Act-Retail-Business-Tax-Assessment-TAXSCAN.jpg "Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]")
Partial Relief to Vodafone: Delhi HC Orders Reassessment of ₹5.10 Crore Asset Restoration Cost u/s 37 of Income Tax [Read Order]
In a recent ruling, the Delhi High Court granted partial relief to Vodafone by directing the reassessment of Rs. 5.10 crore claimed as Asset Restoration Cost (ARC) under Section 37 of the Income Tax...
![Partial Relief to Vodafone: Delhi HC Orders Reassessment of ₹5.10 Crore Asset Restoration Cost u/s 37 of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Partial-Relief-to-Vodafone-Vodafone-Vodafone-Reassessment-Delhi-HC-Orders-Reassessment-Asset-Restoration-Cost-Income-Tax-taxscan.jpg "Partial Relief to Vodafone: Delhi HC Orders Reassessment of ₹5.10 Crore Asset Restoration Cost u/s 37 of Income Tax [Read Order]")
![Supreme Court & High Courts Weekly Round-up [March 8th to March 14th,2025]](https://www.taxscan.in/wp-content/uploads/2025/03/Supreme-court-High-court-Supreme-court-updates-High-court-updates-TAXSCAN.jpg "Supreme Court & High Courts Weekly Round-up [March 8th to March 14th,2025]")
Failure to Receive Valid Notice Leads to Ex-Parte Order: ITAT Remands Matter to CIT(A) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh hearing after an ex-parte order was passed due to the...
![Failure to Receive Valid Notice Leads to Ex-Parte Order: ITAT Remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-AHM.jpg "Failure to Receive Valid Notice Leads to Ex-Parte Order: ITAT Remands Matter to CIT(A) [Read Order]")
S. 12A Amendments on Timely Filing Apply from AY 2018-19, Not Retroactively: ITAT Allows Society’s Exemption [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that amendments to Section 12A of the Income Tax Act, 1961 concerning the timely filing of returns and audit reports apply...
![S. 12A Amendments on Timely Filing Apply from AY 2018-19, Not Retroactively: ITAT Allows Society’s Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-tax-exemption-for-societies.jpg "S. 12A Amendments on Timely Filing Apply from AY 2018-19, Not Retroactively: ITAT Allows Society’s Exemption [Read Order]")
Retracted Statement not Incriminating Material u/s 153A: Gauhati HC quashes ₹4.23 Cr Addition [Read Order]Â
In a recent ruling, the Gauhati High Court held that a retracted statement alone cannot be treated as incriminating evidence under Section 153A of the Income Tax Act and quashed the Rs....
![Retracted Statement not Incriminating Material u/s 153A: Gauhati HC quashes ₹4.23 Cr Addition [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2025/03/Gauhati-High-Court.jpg "Retracted Statement not Incriminating Material u/s 153A: Gauhati HC quashes ₹4.23 Cr Addition [Read Order]Â")
Taxation of AOP: ITAT Allows Normal Tax Rates for Charitable Trust, Sets Aside CIT(A)’s Order [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that a charitable trust, classified as an Association of Persons ( AOP ), should be taxed at normal rates instead of the maximum...
![Taxation of AOP: ITAT Allows Normal Tax Rates for Charitable Trust, Sets Aside CIT(A)’s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Taxation-of-AOP-Normal-Tax-Rates-Charitable-Trust-taxscan.jpg "Taxation of AOP: ITAT Allows Normal Tax Rates for Charitable Trust, Sets Aside CIT(A)’s Order [Read Order]")
ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the additions made by the Assessing Officer (AO) concerning client code modifications ( CCM ) in commodity trading. Modern...
![ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Service-Tax-Shapoorji-Pallonji-CESTAT-taxscan-1.jpg "ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction Verification [Read Order]")