![ITAT Restores 80G Approval Application: Assessees Corrected Form 10AB to be Considered [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Form-10AB-Approval-Application-taxscan.jpg "ITAT Restores 80G Approval Application: Assessees Corrected Form 10AB to be Considered [Read Order]")
ITAT Restores 80G Approval Application: Assessee's Corrected Form 10AB to be Considered [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has restored the approval application under Section 80G of the...
![ITAT Sets Aside CPCs Adjustment, allows Pfizers Claim u/s 43B [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Pfizer-CPC-taxscan.jpg "ITAT Sets Aside CPCs Adjustment, allows Pfizers Claim u/s 43B [Read Order]")
![ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Credit-Society-upholds-deduction-taxscan.jpg "ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]")
![Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bank-Deposit-Constitutes-Income-ITAT-ITAT-Remands-Unexplained-Cash-Deposit-Reconsideration-taxable-income-unexplained-cash-deposits-Commissioner-of-Income-Tax-CIT-Taxscan.jpg "Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]")
![Trader Sold Opening Stock at Discounted Rates Leading to Higher Sales Compared to Previous Years: ITAT deletes ₹32 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Trader-Trader-Sold-Opening-Stock-ITAT-Assessing-income-from-undisclosed-sources-higher-sales-opening-stock-sales-tax-returns-assessees-counsel-Pawan-International-Taxscan.jpg "Trader Sold Opening Stock at Discounted Rates Leading to Higher Sales Compared to Previous Years: ITAT deletes ₹32 Lakh Addition [Read Order]")
![Validity of S.153C Proceedings for AY 2006-07 : ITAT Restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-ITAT-Restores-Matter-to-CITA-Income-Tax-Income-Tax-Act-Assessment-Year-2006-07-taxscan.jpeg "Validity of S.153C Proceedings for AY 2006-07 : ITAT Restores Matter to CIT(A) [Read Order]")
No Addition Warranted on Alleged Bogus Purchases When GP Rate Exceeds Genuine Purchases: ITAT [Read Order]
The Income Tax Appellate Tribunal Tribunal ( ITAT ), Mumbai held that no addition by way of disallowance of alleged bogus purchases is warranted when the GP rate exceeds genuine purchases. The...
![No Addition Warranted on Alleged Bogus Purchases When GP Rate Exceeds Genuine Purchases: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-Bogus-Purchases-Genuine-Purchases-No-Addition-Warrante-GP-rate-alleged-bogus-purchases-export-transactions-reopened-assessment-Taxscan.jpg "No Addition Warranted on Alleged Bogus Purchases When GP Rate Exceeds Genuine Purchases: ITAT [Read Order]")
Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside an ex-parte addition ₹15 Lakh held as unexplained Bank Deposit by a deceased assessee, while calling on the Assessing...
![Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Deceased-Assessees-ITAT-Surat-ITAT-Remits-ITAT-Remits-for-de-novo-Assessment-unexplained-Bank-Deposit-numerous-notices-Assessment-Year-Income-Tax-Act-ITAT-Taxscan.jpg "Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]")
ITAT confirms Tax Exemptions for Gujarat Housing Board u/s. 11&12 of the Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), confirmed tax exemptions for Gujarat Housing Board Under Sections 11 and 12 of the Income Tax Act,1961 and rejected the Revenue’s...
![ITAT confirms Tax Exemptions for Gujarat Housing Board u/s. 11&12 of the Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Tax-Exemptions-for-Gujarat-Housing-Board-Tax-Exemptions-Income-Tax-Gujarat-Housing-Boards-commercial-business-judicial-precedents-government-backed-bodies-statutory-bodies-ITAT-Taxscan.jpg "ITAT confirms Tax Exemptions for Gujarat Housing Board u/s. 11&12 of the Income Tax Act [Read Order]")
ITAT Directs Reassessment of Ex-Parte Dismissal u/s 250 of Income Tax Act: Criticizes Negligence of Non-Compliance of Taxpayers [Read Order]
In a recent case, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside an order passed by the Commissioner of Income Tax (Appeals) [ CIT(A) ], National Faceless Appeal Centre (...
![ITAT Directs Reassessment of Ex-Parte Dismissal u/s 250 of Income Tax Act: Criticizes Negligence of Non-Compliance of Taxpayers [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Reassessment-of-Ex-Parte-Dismissal-Ex-Parte-Dismissal-Reassessment-taxscan.jpeg "ITAT Directs Reassessment of Ex-Parte Dismissal u/s 250 of Income Tax Act: Criticizes Negligence of Non-Compliance of Taxpayers [Read Order]")
CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) recently granted relief to an Appellant, approving the delay in application for approval of fund from the date of commencement of...
![CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Time-Extension-Charitable-Trusts-Taxscan.jpg "CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]")
Trader Sold Opening Stock at Discounted Rates leading to Higher Sales compared to Previous Years: ITAT deletes 32 Lakh Addition [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 32 lakhs made by the Assessing Officer ( AO ), citing the assessee’s higher sales as a result of the...
![Trader Sold Opening Stock at Discounted Rates leading to Higher Sales compared to Previous Years: ITAT deletes 32 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Discounts-ITAT-Discounted-Rates-taxscan.jpg "Trader Sold Opening Stock at Discounted Rates leading to Higher Sales compared to Previous Years: ITAT deletes 32 Lakh Addition [Read Order]")