![ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Premium-Tax-Assessee-Fails-taxscan.jpg "ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]")
ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed an appeal concerning an addition made under Section 56(2)(viib) of the...
![Relief to Thomas Press: ITAT deletes Disallowance of Rs.1.23 Cr in Bad Debts due to Double Taxation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/BadDebts-Double-Taxation.jpg "Relief to Thomas Press: ITAT deletes Disallowance of Rs.1.23 Cr in Bad Debts due to Double Taxation [Read Order]")
![Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Relief-to-Thomson-Press-Thomson-Press-income-tax-case-TAXSCAN.jpg "Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]")
![Genuineness and Creditworthiness of Loans: ITAT Directs AO to Reassess Documents and Decide Matter Accordingly [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Genuineness-and-Creditworthiness-of-Loans-Creditworthiness-of-Loans-Loans-ITAT-ITAT-Directs-Reassess-Documents-Decide-Matter-Accordingly-taxscan.jpg "Genuineness and Creditworthiness of Loans: ITAT Directs AO to Reassess Documents and Decide Matter Accordingly [Read Order]")
![Thomson Presss Disallowance of Export Income Deductions u/s 10B: ITAT directs AO to Reverify and Recompute Deductions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Thomson-Press-Disallowance-of-Export-Income-Deductions-Export-Income-Deductions-ITAT-ITAT-Directs-Reverify-and-Recompute-Deductions-taxscan.jpg "Thomson Presss Disallowance of Export Income Deductions u/s 10B: ITAT directs AO to Reverify and Recompute Deductions [Read Order]")
No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) uled that no penalty can be imposed under Section 271(1)(c) of Income Tax Act,1961 when income addition is based on estimation. Maruti...
![No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/No-Penalty-Income-Tax-Addition-Income-taxscan.jpg "No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]")
ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]
The Nagpur Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals) [CIT(A)]’s decision to delete the ₹2.17 crore addition made under Section 69C of Income Tax...
![ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Expenditure.jpg "ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]")
![Settlement Application Validity Under Clause [iv] of S.245A: Madras HC Confirms Deemed Pendency Before March 31, 2021](https://www.taxscan.in/wp-content/uploads/2025/03/Madras-High-Court-Income-Tax-Settlement-Cases-Section-245A-Income-Tax-Act-TAXSCAN.jpg "Settlement Application Validity Under Clause [iv] of S.245A: Madras HC Confirms Deemed Pendency Before March 31, 2021")
Income from Mushroom Cultivation Qualifies as Agricultural Income, Exempt u/s 10(1): ITAT Dismisses Revenue’s Appeal [Read Order]
The Nagpur Bench of Income Tax Appellate Tribunal(ITAT) dismissed the Revenue’s appeal, affirming that income from mushroom cultivation qualifies as agricultural income exempt under Section 10(1) of...
![Income from Mushroom Cultivation Qualifies as Agricultural Income, Exempt u/s 10(1): ITAT Dismisses Revenue’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Mushroom-Cultivation.jpg "Income from Mushroom Cultivation Qualifies as Agricultural Income, Exempt u/s 10(1): ITAT Dismisses Revenue’s Appeal [Read Order]")
Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the matter concerning unexplained cash deposits of ₹1.04 crore for fresh adjudication by the Commissioner of Income Tax (Appeals)...
![Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Cash-Deposits-Cash-Deposits-ITAT-Sets-Aside-taxscan.jpg "Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]")
Centre's Exceptional & Discretionary Power to Relax Conditions Rule 9C of Income Tax Rules, not subject to Judicial Review: Delhi HC
The Delhi High Court has ruled that the Central government's authority to relax restrictions outlined in Section 72A of the Income Tax Act, 1962 and Rule 9C of the Income Tax Rules 1962 is...
![ITAT Upholds CIT(A)’s Deletion of S.14A Disallowance Due to No Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Exempted-Income.jpg "ITAT Upholds CIT(A)’s Deletion of S.14A Disallowance Due to No Exempt Income [Read Order]")