![Purchases Claimed by Assessee not Proven to be Non-Business Related: Delhi HC Upholds ITATs Findings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-high-court-Delhi-HC-Upholds-ITAT-Findings-Delhi-High-Court-case-on-business-related-purchases-taxscan.jpg "Purchases Claimed by Assessee not Proven to be Non-Business Related: Delhi HC Upholds ITATs Findings [Read Order]")
Purchases Claimed by Assessee not Proven to be Non-Business Related: Delhi HC Upholds ITAT's Findings [Read Order]
In a recent ruling, the Delhi High Court upheld the findings of the Income Tax Appellate Tribunal ( ITAT ) and held that the purchases claimed by the...
![ITAT Cancels Addition of Rs. 3.19 Lakh as Undisclosed Receipts, Citing Timing Difference in Accounting [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/undisclosed-receipts-income-tax-accounting-discrepancies-cases-taxscan.jpg "ITAT Cancels Addition of Rs. 3.19 Lakh as Undisclosed Receipts, Citing Timing Difference in Accounting [Read Order]")
![Amendments to Income Tax Rules: New Safe Harbor Provisions for Raw Diamond Businesses [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/CBDT-notification-for-diamond-traders-Raw-diamond-trading-tax-Income-Tax-updates-taxscan.jpg "Amendments to Income Tax Rules: New Safe Harbor Provisions for Raw Diamond Businesses [Read Notification]")
![Treatment of Interest on Noida Land Acquisition Compensation under Dispute: ITAT directs AO to Consider Matter Afresh [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Delhi-Income-Tax-Interest-on-Compensation-taxscan.jpg "Treatment of Interest on Noida Land Acquisition Compensation under Dispute: ITAT directs AO to Consider Matter Afresh [Read Order]")
ITAT Upholds CIT(A) Decision, Confirms Rs.2.47 Crore Deduction u/s 80IB(10) of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)upheld the decision of the Commissioner of Income Tax(Appeals)[CIT(A)] confirming the deletion of Rs.2.47 Crore disallowance under Section...
![ITAT Upholds CIT(A) Decision, Confirms Rs.2.47 Crore Deduction u/s 80IB(10) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-Act-ITAT-Upholds-CITA-Decision-CITA-ITAT-Upholds-CITA-Decision-Crore-Deduction-Deduction-taxscan.jpg "ITAT Upholds CIT(A) Decision, Confirms Rs.2.47 Crore Deduction u/s 80IB(10) of Income Tax Act [Read Order]")
ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)deleted the addition of Rs. 52.4 lakh made under Section 69 of the Income Tax Act,1961, confirming the legitimacy of cash deposits linked to...
![ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Legitimacy-of-Cash-Deposits-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-The-Assessing-Officer-agriculturist-in-Gujarat-Cash-Deposits-from-Land-Sale-Taxscan.jpg "ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]")
Trust's Activities Governed by Charitable Purposes, CIT(E) incorrectly denied Registration u/s 12AA: ITATÂ Directs to Re-examine [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, set aside the order of the Commissioner of Income Tax (Exemption) denying registration to Bhavnagar Mandap Contractors Association under...
![Trusts Activities Governed by Charitable Purposes, CIT(E) incorrectly denied Registration u/s 12AA: ITATÂ Directs to Re-examine [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Trusts-Activities-ITAT-Charitable-Purposes-ITAT-Directs-to-Re-examine-ITAT-Ahmedabad-Commissioner-of-Income-Tax-The-Income-Tax-Appellate-Tribunal-CITE-incorrectly-denied-Registration-Incometax-Taxscan.jpg "Trusts Activities Governed by Charitable Purposes, CIT(E) incorrectly denied Registration u/s 12AA: ITATÂ Directs to Re-examine [Read Order]")
![ITAT Cancels 30% Ad-Hoc Disallowance of Expenses due to Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-ITAT-Cancels-30-Ad-Hoc-Disallowance-Taxscan.jpg "ITAT Cancels 30% Ad-Hoc Disallowance of Expenses due to Lack of Justification [Read Order]")
‘No person will derive any Undue Benefit by not preferring Appeal against any Assessment order passed under Act’: ITAT condones 2564-day delay [Read Order]
In a recent ruling, the Lucknow bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal filed by the assessee and condoned the 2564-day delay in filing the appeal, as no undue benefit...
![‘No person will derive any Undue Benefit by not preferring Appeal against any Assessment order passed under Act’: ITAT condones 2564-day delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-Assessment-order-Appeal-against-any-Assessment-order-ITAT-condones-ITAT-Lucknow-Undue-Benefit-by-not-preferring-Appeal.jpg "‘No person will derive any Undue Benefit by not preferring Appeal against any Assessment order passed under Act’: ITAT condones 2564-day delay [Read Order]")
Jewellery Owner's Late ITR Filing Rejected: ITAT Upholds Addition of Demonetization Period Deposits Due to Lack of Justification [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition of cash deposits made by a jewellery business owner during the demonetization period citing the rejection of the...
![Jewellery Owners Late ITR Filing Rejected: ITAT Upholds Addition of Demonetization Period Deposits Due to Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Jewellery-Owners-Late-ITR-Filing-ITAT-Upholds-Addition-of-Demonetization-Period-Income-Tax-Appellate-Tribunal-l-ITAT-Chandigarh-ITAT-Upholds-Taxscan.jpg "Jewellery Owners Late ITR Filing Rejected: ITAT Upholds Addition of Demonetization Period Deposits Due to Lack of Justification [Read Order]")