![CBDT clears Implementation Difficulties Faced under Income Tax Direct Tax Vivad Se Vishwas Scheme, 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-CBDT-clears-Implementation-Implementation-Difficulties-faced-under-Income-Tax-Direct-Income-Tax-Direct-Tax-Vivad-Se-Vishwas-Scheme-taxscan.jpg "CBDT clears Implementation Difficulties Faced under Income Tax Direct Tax Vivad Se Vishwas Scheme, 2024 [Read Order]")
CBDT clears Implementation Difficulties Faced under Income Tax Direct Tax Vivad Se Vishwas Scheme, 2024 [Read Order]
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued an order to address implementation challenges in the Direct Tax...
![Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/TAT-condones-delay-ITAT-Pune-Appeal-delay-due-to-civil-court-cases-ITAT-lenient-on-delay-Delay-condonation-petition-taxscan.jpg "Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]")
![Non-Appearance Due to Accounts Team Employees Exit from Company: ITAT Imposes ₹5,000 Penalty and Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-income-tax-news-Income-tax-Taxscan.jpg "Non-Appearance Due to Accounts Team Employees Exit from Company: ITAT Imposes ₹5,000 Penalty and Remands Matter [Read Order]")
AO Partially Disallows Property Improvement Costs; ITAT Allows Full Deduction, Accepting Architect's Valuation [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) overturned the partial disallowance of property improvement costs claimed by the assessee, directing full allowance based on the...
![AO Partially Disallows Property Improvement Costs; ITAT Allows Full Deduction, Accepting Architects Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/AO-ITAT-ITAT-Allows-Full-Deduction-Architects-Valuation-Income-tax-news-Income-tax-ITAT-news-calculation-of-Long-Term-Capital-Gains-Assessing-Officer-architects-valuation-certificate-Taxscan.jpg "AO Partially Disallows Property Improvement Costs; ITAT Allows Full Deduction, Accepting Architects Valuation [Read Order]")
Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to recompute the disallowance of interest expenses confirming that the loans advanced by the...
![Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Loans-from-IPO-proceeds-ITAT-on-interest-disallowance-case-taxscan.jpg "Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]")
Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter for Reconsideration [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter concerning unexplained cash deposits for reconsideration observing that the assessee failed to provide sufficient...
![Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chennai-unexplained-cash-deposits-loan-creditworthiness-insufficient-evidence-reconsideration-Income-Tax-Appellate-Tribunal-Income-Tax-taxscan.jpg "Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter for Reconsideration [Read Order]")
AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of additions made by the Assessing Officer ( AO ), based on a non-editable mobile phone image allegedly showing...
![AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chennai-income-tax-income-tax-news-Taxscan.jpg "AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence [Read Order]")
![ITAT Orders Verification of TDS Deposits, Grants Relief to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Orders-Verification-ITAT-Orders-Verification-TDS-Deposits-TDS-Deposits-Grants-Relief-Grants-Relief-to-Assessee-taxscan.jpg "ITAT Orders Verification of TDS Deposits, Grants Relief to Assessee [Read Order]")
ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing 'Good and Sufficient Reasons' [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ), Agra Bench, has intervened and directed the Commissioner of Income-tax (Appeals) [CIT(A)] to admit her appeal. This order comes in...
![ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing Good and Sufficient Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Agra-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-tax-TAXSCAN.jpg "ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing Good and Sufficient Reasons [Read Order]")
Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to Determine the Fair Market Value (FMV) of Shares by conducting a thorough Fact-Finding Process and...
![Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Discrepancy-in-FMV-ITAT-ITAT-Directs-AO-to-Determine-Fact-Finding-Process-Chennai-Bench-of-ITAT-Fair-Market-Value-Income-tax-Income-tax-news-Commissioner-of-Income-Tax-Taxscan.jpg "Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]")