![Foreign Exchange Loss on Outstanding Import Liabilities Allowed Considering Mercantile Accounting Method Followed: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095358-foreign-exchange-outstanding-import-liabilities-itat-taxscan.webp "Foreign Exchange Loss on Outstanding Import Liabilities Allowed Considering Mercantile Accounting Method Followed: ITAT Deletes Addition [Read Order]")
Foreign Exchange Loss on Outstanding Import Liabilities Allowed Considering Mercantile Accounting Method Followed: ITAT Deletes Addition [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench has deleted an addition of ₹1.19 crore made on account of disallowance of foreign exchange...
![Transfer of Income Tax Jurisdiction Without issuing Order u/s 127 Held Invalid: ITAT quashes Entire proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/250x150_2095347-transfer-income-tax-jurisdiction-taxscan.webp "Transfer of Income Tax Jurisdiction Without issuing Order u/s 127 Held Invalid: ITAT quashes Entire proceedings [Read Order]")
![EPF/ESI Contributions must Be Deposited within Statutory Due Date: ITAT Rejects Plea of Technical Glitches, Disallows Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/250x150_2095344-pf-esi-pf-esi-tax-deduction-taxscan.webp "EPF/ESI Contributions must Be Deposited within Statutory Due Date: ITAT Rejects Plea of Technical Glitches, Disallows Deduction [Read Order]")
![Profit from Shop Sale Disputed as Business or Capital Gain: ITAT Remits Matter to AO to Verify and Reconsider Partners Salary [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/250x150_2095215-profit-from-shop-sale-shop-sale-business-or-capital-gain-capital-gain-taxscan.webp "Profit from Shop Sale Disputed as Business or Capital Gain: ITAT Remits Matter to AO to Verify and Reconsider Partners Salary [Read Order]")
![Rejection of 12AB Registration for Overseas Fund Use: ITAT Restores Matter to CIT(E) for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/250x150_2095212-12ab-rejection-taxscan.webp "Rejection of 12AB Registration for Overseas Fund Use: ITAT Restores Matter to CIT(E) for Fresh Adjudication [Read Order]")
Delay of 3 Years 5 Months for Filing Appeal: ITAT Condones Delay Citing Covid-19 and Principle of Substantial Justice [Read Order]
The Agra Bench of the Income Tax Appellate Tribunal (ITAT) condoned the delay of 3 years and 5 months in filing the first appeal and restored the matter to the Commissioner of Income-tax (Appeals) ...
![Delay of 3 Years 5 Months for Filing Appeal: ITAT Condones Delay Citing Covid-19 and Principle of Substantial Justice [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094915-2079282-condone-delay-nclat-documents-taxscan.webp "Delay of 3 Years 5 Months for Filing Appeal: ITAT Condones Delay Citing Covid-19 and Principle of Substantial Justice [Read Order]")
![ITAT Quashes ₹65 lakh Addition Revisionary Order Terming It “Unsustainable” [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093890-itat-taxscan.webp "ITAT Quashes ₹65 lakh Addition Revisionary Order Terming It “Unsustainable” [Read Order]")
Assessee Claims Miscommunication Prevented Appearance Before Commissioner and led to Addition u/s 69A: ITAT remands Case to CIT(A) for Fresh Adjudication [Read Order]
The Nagpur bench of Income Tax Appellate Tribunal (ITAT) remanded the matter on money addition under section 69A after a miscommunication claim. In this case, the AO, had made an addition of ...
![Assessee Claims Miscommunication Prevented Appearance Before Commissioner and led to Addition u/s 69A: ITAT remands Case to CIT(A) for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095210-itat-nagpur-taxscan.webp "Assessee Claims Miscommunication Prevented Appearance Before Commissioner and led to Addition u/s 69A: ITAT remands Case to CIT(A) for Fresh Adjudication [Read Order]")
₹12.71L Unexplained Investment and ₹3.63L Expense Disallowance: ITAT Remands to AO for Fresh Adjudication after Considering Newly Filed Evidence [Read Order]
The Nagpur bench of Income Tax Appellate Tribunal restored the matter relating to ₹12.71L unexplained investment and ₹3.63L expense disallowance after considering the newly filed evidence.In this...
![₹12.71L Unexplained Investment and ₹3.63L Expense Disallowance: ITAT Remands to AO for Fresh Adjudication after Considering Newly Filed Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095193-unexplained-investment-taxscan.webp "₹12.71L Unexplained Investment and ₹3.63L Expense Disallowance: ITAT Remands to AO for Fresh Adjudication after Considering Newly Filed Evidence [Read Order]")
Belated ITR Not a Bar: ITAT allows 80P Deduction Claim, Remands Matter to AO for Fresh Adjudication [Read Order]
The Nagpur bench of Income Tax Appellate Tribunal (ITAT) held that the deduction under Section 80P cannot be denied solely for belated filing and directed the AO to examine the claim and determine...
![Belated ITR Not a Bar: ITAT allows 80P Deduction Claim, Remands Matter to AO for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095204-belated-itr-not-a-bar-itr-itat-deduction-claim-taxscan.webp "Belated ITR Not a Bar: ITAT allows 80P Deduction Claim, Remands Matter to AO for Fresh Adjudication [Read Order]")
₹1.92 Cr Short-Term Deposit Interest: ITAT Remands to AO to Verify Capital vs. Revenue Treatment [Read Order]
The Jabalpur bench of Income Tax Appellate Tribunal (ITAT) remanded the matter relating to short-term deposit to the Assessing Officer to determine the correct tax treatment of ₹1.92 crore earned as...
![₹1.92 Cr Short-Term Deposit Interest: ITAT Remands to AO to Verify Capital vs. Revenue Treatment [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095185-cash-deposit-taxscan.webp "₹1.92 Cr Short-Term Deposit Interest: ITAT Remands to AO to Verify Capital vs. Revenue Treatment [Read Order]")
Karnataka HC Upholds ITAT Order, ₹6.61 Crore Cash Sales on Demonetisation Day Accepted as Genuine u/s 68 with Supporting Invoices and Stock Records [Read Order]
The High Court of Karnataka, upheld the Income Tax Appellate Tribunal ( ITAT ) order, holding that ₹6.61 crore cash sales on the demonetisation day were genuine under Section 68 of Income Tax...
![Karnataka HC Upholds ITAT Order, ₹6.61 Crore Cash Sales on Demonetisation Day Accepted as Genuine u/s 68 with Supporting Invoices and Stock Records [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095189-karnataka-hc-upholds-itat-demonetisation-day-taxscan.webp "Karnataka HC Upholds ITAT Order, ₹6.61 Crore Cash Sales on Demonetisation Day Accepted as Genuine u/s 68 with Supporting Invoices and Stock Records [Read Order]")