![Non-Reduction of Profit on Sale of Fixed Assets Adjustment: ITAT Upholds Remand for AO Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Non-Reduction-Profit-on-Sale-Fixed-Assets-Adjustment-ITAT-ITAT-Upholds-Remand-for-AO-Verification-AO-Verification-taxscan.jpg "Non-Reduction of Profit on Sale of Fixed Assets Adjustment: ITAT Upholds Remand for AO Verification [Read Order]")
Non-Reduction of Profit on Sale of Fixed Assets Adjustment: ITAT Upholds Remand for AO Verification [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT) upheld the remand of the issue concerning the non-reduction of profit from the sale of fixed...
![Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/TAT-ITAT-Bangalore-TPO-MAP-TP-Study-taxscan.jpg "Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]")
![Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Demonetization-1.jpg "Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost [Read Order]")
![ITAT Dismisses Assessees Appeal with Liberty to Revive if Vivad Se Vishwas Scheme Fails [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Vivad-Se-Vishwas-Scheme-ITAT-Liberty-to-Revive-taxscan.jpg "ITAT Dismisses Assessees Appeal with Liberty to Revive if Vivad Se Vishwas Scheme Fails [Read Order]")
![Mere Non-Production of Directors not a Valid Ground for Addition u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Mere-Non-Production-Mere-Non-Production-of-Directors-Directors-Not-a-Valid-Ground-Valid-Ground-for-Addition-Valid-Ground-for-Addition-Section-68-ITAT-taxscan.jpg "Mere Non-Production of Directors not a Valid Ground for Addition u/s 68: ITAT [Read Order]")
![CBDT Extends Deadline for Filing Form No. 56F Until March 31, 2025 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/02/From-No-56F.jpg "CBDT Extends Deadline for Filing Form No. 56F Until March 31, 2025 [Read Circular]")
![ITAT Condones Delay, Remands matter to CIT(A) for Fresh Adjudication for Fair Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Condones-Delay-Condones-Delay-Remands-matter-Remands-matter-to-CITA-Fresh-Adjudication-for-Fair-Hearing-Fresh-Adjudication-Hearing-taxscan.jpg "ITAT Condones Delay, Remands matter to CIT(A) for Fresh Adjudication for Fair Hearing [Read Order]")
CPC Wrongly Disallows Loss Carry-Forward: ITAT Confirms Extended Due Date for Companies with International Transactions [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Central Processing Centre ( CPC ) erroneously disallowed the carry-forward loss without properly interpreting that...
![CPC Wrongly Disallows Loss Carry-Forward: ITAT Confirms Extended Due Date for Companies with International Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/International-Transactions-CPC-Income-Tax-Taxscan.jpg "CPC Wrongly Disallows Loss Carry-Forward: ITAT Confirms Extended Due Date for Companies with International Transactions [Read Order]")
Assessee filed Form 10CCB before Completion of the 143(1) proceedings: ITAT allows Assessee’s Appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed the assessee’s appeal, noting that the assessee had filed Form 10CCB before the completion of the proceedings under Section 143(1)...
![Assessee filed Form 10CCB before Completion of the 143(1) proceedings: ITAT allows Assessee’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Delhi-Form-10CCB-Assessees-appeal-Taxscan.jpg "Assessee filed Form 10CCB before Completion of the 143(1) proceedings: ITAT allows Assessee’s Appeal [Read Order]")
![Increase in Net Profit Rate to 6% After Book Rejection: ITAT Limits addition to ₹1 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Increase-Net-Profit-Rate-6-After-Book-Rejection-ITAT-Limits-addition-taxscan.jpg "Increase in Net Profit Rate to 6% After Book Rejection: ITAT Limits addition to ₹1 Lakh [Read Order]")
![Mere Suspicion cannot be Grounds for making Addition: ITAT deletes Rs. 18 lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Ahmedabad-Income-Tax-ITAT-deletes-Rs.-18-lakh-addition-income-tax-news-Taxscan.jpg "Mere Suspicion cannot be Grounds for making Addition: ITAT deletes Rs. 18 lakh Addition [Read Order]")
Income Tax Department Unearths ₹22,000 Crore Undisclosed Foreign Income and Assets through Specialized Campaign
The Income Tax Department has uncovered a staggering ₹22,000 Crore worth of undisclosed foreign income and assets through the operations of a specialized campaign aimed at cracking down on tax...
