![ITAT Weekly Round-Up [Feb 22nd-Feb 28th,2025]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Income-tax-news-income-tax-updates-income-tax-TAXSCAN.jpg "ITAT Weekly Round-Up [Feb 22nd-Feb 28th,2025]")
ITAT Weekly Round-Up [Feb 22nd-Feb 28th,2025]
This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the...
![ITAT Dismisses Revenue’s Appeal, Rules S.14A Disallowance Not Applicable to Oriental Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Oriental-Insurance-case-updates-TAXSCAN.jpg "ITAT Dismisses Revenue’s Appeal, Rules S.14A Disallowance Not Applicable to Oriental Insurance [Read Order]")
![Penalty for Late Filing of Tax Return: ITAT quashes Order as Time-Barred [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Penalty-Late-Filing-Tax-Return-ITAT-Order-Time-Barred-taxscan.jpg "Penalty for Late Filing of Tax Return: ITAT quashes Order as Time-Barred [Read Order]")
![ITAT Dismisses Revenues Appeal Against Sun Gold Capital Limited due to Low Tax Effect as per CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Ahmedabad-Sun-Gold-Capital-Limited-case-updates-TAXSCAN.jpg "ITAT Dismisses Revenues Appeal Against Sun Gold Capital Limited due to Low Tax Effect as per CBDT Circular [Read Order]")
![ITAT deletes Penalty u/s 271D for Cash Receipt from Ancestral Land Sale, Citing Bona Fide Belief [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Penalty-Cash-Receipt-Ancestral-Land-Sale-Citing-Bona-Fide-Belief-taxscan.webp "ITAT deletes Penalty u/s 271D for Cash Receipt from Ancestral Land Sale, Citing Bona Fide Belief [Read Order]")
ITAT Quashes PCIT's Revision u/s 263, Finds AO Conducted Proper Verification of Investment and ESI Payments [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) quashed the Principal Commissioner of Income Tax(PCIT)’s revision order under Section 263 of Income Tax Act,1961, holding that the Assessing...
![ITAT Quashes PCITs Revision u/s 263, Finds AO Conducted Proper Verification of Investment and ESI Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-PCITs-Revision-PCITs-Revision-Section-263-AO-Conducted-Proper-Verification-Proper-Verification-of-Investment-Investment-and-ESI-Payments-ESI-Payments-taxscan.jpg "ITAT Quashes PCITs Revision u/s 263, Finds AO Conducted Proper Verification of Investment and ESI Payments [Read Order]")
Incorrect Exemption on LIC Annuity from VRS: ITAT Upholds Revision u/s 263 of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal upheld the Principal Commissioner of Income Tax(PCIT)revision order under Section 263 of Income Tax Act,1961, confirming that the exemption claim...
![Incorrect Exemption on LIC Annuity from VRS: ITAT Upholds Revision u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/LIC.jpg "Incorrect Exemption on LIC Annuity from VRS: ITAT Upholds Revision u/s 263 of Income Tax Act [Read Order]")
Penalty for Non-Compliance with Notice During Covid-19: ITAT Deletes It Citing Pandemic Disruptions [Read Order]
The Agra Bench of Income Tax Appellate Tribunal(ITAT)Â deleted a penalty imposed for non-compliance with a notice during the Covid-19 pandemic, citing disruptions caused by lockdowns and the Supreme...
![Penalty for Non-Compliance with Notice During Covid-19: ITAT Deletes It Citing Pandemic Disruptions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Penalty-Penalty-for-Non-Compliance-Non-Compliance-Covid-19-ITAT-ITAT-Deletes-It-Citing-Pandemic-Disruptions-Pandemic-Disruptions-taxscan-1.jpg "Penalty for Non-Compliance with Notice During Covid-19: ITAT Deletes It Citing Pandemic Disruptions [Read Order]")
![CIT(A) Must Decide Ex-Parte Appeal on Merits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Chennai-Ex-Parte-Ex-Parte-Appeal-on-Merits-taxscan.jpg "CIT(A) Must Decide Ex-Parte Appeal on Merits: ITAT [Read Order]")
Failure to Consider Assessee's Delay Condonation Request u/s 249(3): ITAT Remands Case to CIT(A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal set aside the order of the Commissioner of Income Tax(Appeals) CIT(A), National Faceless Appeal Centre (NFAC) after it erroneously dismissed the...
![Failure to Consider Assessees Delay Condonation Request u/s 249(3): ITAT Remands Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-11.jpg "Failure to Consider Assessees Delay Condonation Request u/s 249(3): ITAT Remands Case to CIT(A) [Read Order]")
Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench ruled in favor of the assessee, setting aside the revision order passed by the Principal Commissioner of Income Tax (PCIT)-1, Ahmedabad, under...
![Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Adani-Infrastructure.jpg "Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order]")