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![Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AOs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Visakhapatnam-Machinery-Installation-Disallowance-Taxscan.jpg "Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AOs Order [Read Order]")
Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AO's Order [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT)restored the order of the Assessing Officer (AO) by disallowing the depreciation claim...
![Income Tax Bill 2025: Proposed Changes in Salary, Pension, and Gratuity Deductions [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Gratuity-Deductions-Pension-taxscan.jpg "Income Tax Bill 2025: Proposed Changes in Salary, Pension, and Gratuity Deductions [Read Bill]")
![ITAT deletes Addition of Rs. 25 Lakh as Unexplained Cash Credits, Finds Loan from Promoters Genuine [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Delhi-ITAT-Unexplained-Cash-Unexplained-Cash-Credits-Taxscan-1.jpg "ITAT deletes Addition of Rs. 25 Lakh as Unexplained Cash Credits, Finds Loan from Promoters Genuine [Read Order]")
![ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Orders-Reassessment-Capital-Gains-Case-Capital-Gains-E-Notices-and-Deductions-E-Notices-Section-54-of-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]")
![Income Tax Bill 2025: Changing the face of Compliance & Digital Monitoring [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Digital-Monitoring-Compliance-taxscan.jpg "Income Tax Bill 2025: Changing the face of Compliance & Digital Monitoring [Read Bill]")
ITAT Deletes ₹1.36Cr Addition as Travel Agent's Demonetization Deposits proved as Business Income [Read Order]
In a recent ruling, the Lucknow Bench of the Income Tax Appellate Tribunal ( ITAT ) overturned a tax demand related to ₹1.36 crores in cash deposits made during the demonetisation period by the...
![ITAT Deletes ₹1.36Cr Addition as Travel Agents Demonetization Deposits proved as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Lucknow-Income-Tax-Appellate-Tribunal-ITAT-Income-tax-addition-case-TAXSCAN.jpg "ITAT Deletes ₹1.36Cr Addition as Travel Agents Demonetization Deposits proved as Business Income [Read Order]")
![No Proposed Change in Capital Gains: New Income Tax Bill Focuses on Simplification [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/New-Income-Tax-Bill-Capital-Gain-No-changes-in-capital-gain-Capital-Gains-Tax-Unchanged-TAXSCAN.jpg "No Proposed Change in Capital Gains: New Income Tax Bill Focuses on Simplification [Read Bill]")
![Addition of Rs. 55 Lakh as Undisclosed Income Based on Retraction: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Addition-Undisclosed-Income-Retraction-ITAT-taxscan.jpg "Addition of Rs. 55 Lakh as Undisclosed Income Based on Retraction: ITAT deletes Addition [Read Order]")
![Income Tax Bill 2025: Who is an Indian Resident Now? [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-Indian-Resident-Income-Tax-Taxscan.jpg "Income Tax Bill 2025: Who is an Indian Resident Now? [Read Bill]")
![No proposed Change to Accountant Definition in Income Tax Bill 2025 [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Act-Income-Tax-Act-2025-Definition-in-Income-Tax-Accountant-Taxscan.jpg "No proposed Change to Accountant Definition in Income Tax Bill 2025 [Read Bill]")