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Clear Violation of S. 250(6): ITAT sets aside Ex- Parte Order regarding addition on Cash Deposits of Rs. 33 Lakhs [Read Order]

In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the ex-parte order regarding addition on cash deposits...

Invalid Reassessment Notice due to Lack of PCCIT Approval: ITAT quashes Additions [Read Order]

ITAT sets aside Ex-Parte Order after Technical Glitches led to Non-Compliance [Read Order]

Unexplained Cash Deposits u/s 69A: ITAT upholds CIT(A)'s deletion of ₹2.27 Crore Addition [Read...

Income Tax Hearing Notice Not Received: ITAT Quashes Ex Parte Order, Remands Matter for Fresh...

Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter to Assessing Officer (AO) involving additions of Rs. 91,26,731 as long-term capital gains and Rs. 1,57,610 under...

Gains from Excluded Capital Assets not included as Book Profits u/s 115JB Not Liable to be included as Income: Delhi HC [Read Order]

The Delhi High Court recently held that gains accrued from capital assets entitled to statutory exemption that have not been included to ‘book profits’ under Section 115JB of the Income Tax Act, 1961...

Non-Compliance Due to Serious Illness and Lack of Computer Access: ITAT Condones 74-Day Delay, Remands Matter to CIT(A) [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 74-day delay in filing an appeal by Mohandoss Jayaprakash citing non-compliance caused by serious illness and lack of access...

CA Managing Income Tax Matters for 40 Years Becomes Bedridden: ITAT Condones 64-Day Delay in Filing Appeal [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 64-day delay in filing an appeal citing the illness of the company’s long-serving auditor, who had been handling its tax...

Notices sent to Inactive Email ID: ITAT directs fresh hearing on Unexplained Demonetization Cash Deposits matter [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed a fresh hearing in a case involving unexplained cash deposits during the demonetization period citing assessing officer (AO)...

ITAT Weekly Round-Up [Jan 04 to Jan 10, 2025]

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week from January 4th to January 10th 2025. ...

Double Taxation and Procedural Lapses: ITAT Quashes Addition of ₹62 Lakhs as Unexplained Cash [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) set aside an addition of ₹ 62 Lakhs on the assessee based on alleged dissimilarities in the amount of cash recorded in the audit books and...

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