![ITAT Condones Delay Due to Bona Fide Reasons Based on Affidavit and Remands Case to CIT(A) for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Condones-Delay-Affidavit-and-Remands-Case-to-CIT-CIT-ITAT-condoned-the-delay-in-filing-an-appeal-assessment-order-Kolkata-Bench-of-ITAT-Income-tax-Income-tax-news-ITAT-news-Taxscan.jpg "ITAT Condones Delay Due to Bona Fide Reasons Based on Affidavit and Remands Case to CIT(A) for Fresh Hearing [Read Order]")
ITAT Condones Delay Due to Bona Fide Reasons Based on Affidavit and Remands Case to CIT(A) for Fresh Hearing [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal(ITAT) condoned the delay in filing an appeal by the assessee based on bona fide reasons outlined...
![Credit Card Misuse by Friend Not Attributable as Personal Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Credit-Card-Friends-expenses-Not-personal-expenditure-ITAT-ruling-Business-purpose-Legitimate-deduction-Non-personal-liability-taxscan.jpg "Credit Card Misuse by Friend Not Attributable as Personal Expenditure: ITAT [Read Order]")
![ITAT Quashes Assessment for Failure to Issue Notice u/s 143(2) and Unjustified Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Quashes-ITAT-Quashes-Assessment-Failure-to-Issue-Notice-Issue-Notice-Issue-Notice-Section-1432-Unjustified-Additions-taxscan.jpg "ITAT Quashes Assessment for Failure to Issue Notice u/s 143(2) and Unjustified Additions [Read Order]")
![Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Disallowance-of-Sales-Promotion-Expense-ITAT-ITAT-Allows-Deduction-business-expenditures-CIT-acquisition-agreement-promotion-expenses-under-section-37-Kolkata-Bench-of-ITAT-ITAT-news-Taxscan.jpg "Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]")
![ITAT Sets Aside Ex-Parte Order, Directs Fresh Hearing for Trusts 12AB Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Ex-Parte-Order-Section-12AB-of-the-Income-Tax-Act-Taxscan.jpg "ITAT Sets Aside Ex-Parte Order, Directs Fresh Hearing for Trusts 12AB Registration [Read Order]")
Absence of mentioning Specific Charge u/s 274 by AO Renders Penalty Levied Unsustainable: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) rendered the penalty levied against the assessee as unsustainable due to the absence of mentioning a specific charge under Section...
![Absence of mentioning Specific Charge u/s 274 by AO Renders Penalty Levied Unsustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Penalty-Penalty-Levied-Unsustainable-taxscan.jpg "Absence of mentioning Specific Charge u/s 274 by AO Renders Penalty Levied Unsustainable: ITAT [Read Order]")
![Denial of Hearing: ITAT directs Fresh Adjudication of Addition at 8% of the Gross Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Denial-of-Hearing-Hearing-ITAT-ITAT-directs-Fresh-Adjudication-Fresh-Adjudication-Gross-Profit-Fresh-Adjudication-of-Addition-taxscan.jpg "Denial of Hearing: ITAT directs Fresh Adjudication of Addition at 8% of the Gross Profit [Read Order]")
Cold Storage Company Gets Relief from ITAT as Tribunal Upholds Legitimacy of Interest-Free Advances to Farmers [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Agra Bench, has granted relief to a cold storage company, affirming that the practice of giving interest-free advances to farmers...
![Cold Storage Company Gets Relief from ITAT as Tribunal Upholds Legitimacy of Interest-Free Advances to Farmers [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Cold-Storage-Company-Gets-ITAT-Tribunal-Legitimacy-Interest-Free-Advances-to-Farmers-TAXSCAN.jpg "Cold Storage Company Gets Relief from ITAT as Tribunal Upholds Legitimacy of Interest-Free Advances to Farmers [Read Order]")
![ITAT Remands Case Back to CIT(A) Over Assessees Failure to Disclose Multiple PANs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Case-Back-CITA-Over-Assessee-Disclose-Multiple-PANs-TAXSCAN.jpg "ITAT Remands Case Back to CIT(A) Over Assessees Failure to Disclose Multiple PANs [Read Order]")
![Delhi HC quashes Income Tax Additions based on Historical Data and Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Delhi-High-Court-Income-Tax-Income-Tax-Additions-Income-Tax-Additions-quashed-TAXSCAN.jpg "Delhi HC quashes Income Tax Additions based on Historical Data and Facts [Read Order]")
Unsubstantiated Income shown in ITR: ITAT upholds Estimation of Income at 8% of Gross Receipts by AO [Read Order]
In a notable ruling, the Income Tax Appellate Tribunal ( ITAT ), Chennai Bench, upheld the assessment by the Income Tax Officer ( ITO ) estimating an income of 8% on gross receipts deposited in the...
![Unsubstantiated Income shown in ITR: ITAT upholds Estimation of Income at 8% of Gross Receipts by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-ITR-AO-Unsubstantiated-Income-Taxscan.jpg "Unsubstantiated Income shown in ITR: ITAT upholds Estimation of Income at 8% of Gross Receipts by AO [Read Order]")
Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]
The Delhi High Court recently cancelled an income tax addition of ₹31 Lakh based on the accrual of interest from surplus funds parked in fixed deposits, earmarked for the acquisition of a coal mine. ...
![Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Delhi-High-Court-Income-Tax-Coal-Mine-Taxscan.jpg "Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]")