![Income Tax Annual Digest 2024: ITAT Cases [Part 1]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-Annual-Digest-2024-Annual-Digest-Taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 1]")
Income Tax Annual Digest 2024: ITAT Cases [Part 1]
This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported...
![Assessee’s Lack of Diligence Delayed Proceedings: ITAT imposes Cost of Rs. 10k, remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/TAT-ITAT-Ahmedabad-Delayed-Proceedings-Taxscan.jpg "Assessee’s Lack of Diligence Delayed Proceedings: ITAT imposes Cost of Rs. 10k, remands Matter [Read Order]")
![Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Section-115BBE-of-Income-Tax-Act-ITAT-on-Section-115BBE-tax-rate-TAXSCAN.jpg "Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order]")
ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ranchi Bench, has set aside the order of the Commissioner of Income Tax (Appeals) (CIT(A)) and directed the reassessment of the long-term capital gain (LTCG)...
![ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-LTCG-Claim-Evidence-Cheque-Transactions-taxscan.jpg "ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]")
Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]
In a recent ruling by the Income Tax Appellate Tribunal (ITAT), Surat Bench, the assessee, Manish Chiranjilal Jain, received partial relief in his appeal concerning the assessment for the financial...
![Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Interest-Expenses-Addition-Household-Expenses-Disallowance-taxscan.jpg "Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]")
Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) remanded the case back to the Assessing Officer (AO) for a fresh review after addressing the ex-parte dismissal and the addition of Rs. 1.55...
![Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Ex-parte-Dismissal-Unexplained-Investment-ITAT-AO-taxscan.jpg "Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]")
CBDT Grants Income Tax Exemption for Karnataka State Horticulture Development Agency u/s 10(46) [Read Notification]
The Central Board of Direct Taxes ( CBDT ), under the Ministry of Finance, has issued Notification No. 5/2025, dated January 3, 2025, granting tax exemptions for the Karnataka State Horticulture...
![CBDT Grants Income Tax Exemption for Karnataka State Horticulture Development Agency u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Central-Board-of-Direct-Taxes-Income-Tax-Exemption-Income-Tax-Exemption-for-Horticulture-Development-TAXSCAN.jpg "CBDT Grants Income Tax Exemption for Karnataka State Horticulture Development Agency u/s 10(46) [Read Notification]")
CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46) [Read Notification]
The Central Board of Direct Taxes (CBDT) under the Ministry of Finance issued Notification No. 4/2025, dated January 3, 2025, granting a tax exemption to "The Commissioners for the Rabindra Setu,...
![CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Central-Board-of-Direct-Taxes-Income-Tax-Exemption-Income-Tax-Commissioners-of-Rabindra-Setu-TAXSCAN.jpg "CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46) [Read Notification]")
ITAT Directs Reconsideration of Deduction Claim u/s 36(1)(va) in Light of Supreme Court Decision [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Ranchi Bench has directed the Commissioner of Income Tax (Appeals) (CIT(A)) to reconsider the deduction claim under Section 36(1)(va)...
![ITAT Directs Reconsideration of Deduction Claim u/s 36(1)(va) in Light of Supreme Court Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Directs-Reconsideration-Deduction-Claim-ITAT-Directs-Reconsideration-of-Deduction-Claim-Supreme-Court-disallowance-of-Employees-Provident-Fund-Supreme-Courts-recent-judgment-Taxscan.jpg "ITAT Directs Reconsideration of Deduction Claim u/s 36(1)(va) in Light of Supreme Court Decision [Read Order]")