![Unexplained Expenditure Addition of ₹77.47 Crore: ITAT Sets Aside Assessment Over Natural Justice Violation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Expenditure-Unexplained-Expenditure-Addition-ITAT-ITAT-Set-Assessment-Over-Natural-Justice-Violation-Natural-Justice-Violation-taxscan.jpg "Unexplained Expenditure Addition of ₹77.47 Crore: ITAT Sets Aside Assessment Over Natural Justice Violation [Read Order]")
Unexplained Expenditure Addition of ₹77.47 Crore: ITAT Sets Aside Assessment Over Natural Justice Violation [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) set aside an assessment order involving an unexplained expenditure addition of ₹77.47...
![Taxpayer Underreports Income by Claiming Inadmissible Expenses: ITAT Confirms Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Penalty-Taxpayer-ITAT-Confirms-Penalty-Taxscan.jpg "Taxpayer Underreports Income by Claiming Inadmissible Expenses: ITAT Confirms Penalty [Read Order]")
![Income Already Disclosed: ITAT Deletes Unexplained Expenses and Stock Valuation Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-Already-Disclosed-ITAT-ITAT-Deletes-Unexplained-Expenses-Unexplained-Expenses-Unexplained-Expenses-and-Stock-Valuation-Addition-taxscan.jpg "Income Already Disclosed: ITAT Deletes Unexplained Expenses and Stock Valuation Addition [Read Order]")
![Stamp Duty Valuation Dispute: ITAT Condones 111-Day Delay in Interest of Fairness, Restores Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Stamp-Duty-Stamp-Duty-Valuation-Dispute-ITAT-ITAT-Condones-Delay-in-Interest-of-Fairness-Interest-of-Fairness-Restores-Matter-taxscan.jpg "Stamp Duty Valuation Dispute: ITAT Condones 111-Day Delay in Interest of Fairness, Restores Matter [Read Order]")
![ITAT Remits matter back to AO as Assessee was denied Sufficient Time to Respond [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Remits-ITAT-Remits-matter-back-to-AO-taxscan.jpg "ITAT Remits matter back to AO as Assessee was denied Sufficient Time to Respond [Read Order]")
![₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Cash-Deposits-during-Demonetization-TAXSCAN-1.jpg "₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion [Read Order]")
Reassessment Initiated on Incorrect Jurisdiction and Mechanical Approval: ITAT quashes Proceedings [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) quashed the reassessment proceedings initiated under Section 147, citing incorrect jurisdiction and mechanical approval under Section 151 of...
![Reassessment Initiated on Incorrect Jurisdiction and Mechanical Approval: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Reassessment-quashed-Section-147-ITA-Incorrect-jurisdiction-taxscan.jpg "Reassessment Initiated on Incorrect Jurisdiction and Mechanical Approval: ITAT quashes Proceedings [Read Order]")
ITAT aside addition of Rs. 26,18,834 & accepts assessee’s Joint Agricultural Income Claim [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an addition of Rs. 26,18,834 made by the assessing officer (AO) noting that agricultural income was jointly earned by...
![ITAT aside addition of Rs. 26,18,834 & accepts assessee’s Joint Agricultural Income Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Agricultural-Income-ITAT-Ahmedabad-ITAT-aside-addition-taxscan.jpg "ITAT aside addition of Rs. 26,18,834 & accepts assessee’s Joint Agricultural Income Claim [Read Order]")
Unexplained Investment Addition Over Co-Owner's Creditworthiness: ITAT Deletes It After Reassessment [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the unexplained investment addition of ₹33,92,975 after reassessment, holding that the co-owner's creditworthiness was accepted in her...
![Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Investment-Unexplained-Investment-Addition-Co-Owners-Creditworthiness-Creditworthiness-ITAT-ITAT-Deletes-It-After-Reassessment-taxscan.jpg "Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]")
CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 23/2025 dated 28th March 2025, announcing the Income-tax (Eighth Amendment) Rules, 2025. The...
![CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/CBDT-Form-3CD-CBDT-Updates-Form-3CD-New-Rules-for-MSME-Payments-TAXSCAN.jpg "CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]")
Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d): ITAT allows deduction of Rs. 35 lakhs [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) held that the interest income that is derived from the cooperative banks is eligible for deduction under Section 80P(2) of the Income Tax...
![Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d): ITAT allows deduction of Rs. 35 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Interest-Income-Deduction-Cooperative-Banks-taxscan.jpg "Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d): ITAT allows deduction of Rs. 35 lakhs [Read Order]")
![AO Cannot Initiate Reassessment Proceedings During Pending Rectification Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ruling-AO-reassessment-Income-Tax-Act-taxscan.jpg "AO Cannot Initiate Reassessment Proceedings During Pending Rectification Proceedings: ITAT [Read Order]")