![ITAT Reduces Commission Income Addition to 0.50% on Bank Transactions in Income Tax Appeal, Citing It as Reasonable [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Surat-Income-Tax-Income-Addition-Income-Tax-Appeal-ITAT-Reduces-Income-Addition-Taxscan.jpeg "ITAT Reduces Commission Income Addition to 0.50% on Bank Transactions in Income Tax Appeal, Citing It as Reasonable [Read Order]")
ITAT Reduces Commission Income Addition to 0.50% on Bank Transactions in Income Tax Appeal, Citing It as Reasonable [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) reduced the commission income addition to 0.50% on bank transactions in an income tax...
![ITAT Overturns AOs Rejection of Books, deletes Addition of Cash Deposits as Unexplained Income Citing Lack of Evidence of Specific Discrepancies [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Overturns-Assessing-Officer-Rejection-of-Books-Deletes-Addition-Cash-Deposits-Unexplained-Income-taxscan.jpg "ITAT Overturns AOs Rejection of Books, deletes Addition of Cash Deposits as Unexplained Income Citing Lack of Evidence of Specific Discrepancies [Read Order]")
![Incorrect Exclusion of Interest Income: ITAT upholds Exemption for BAOU u/s 10(23C)(iiiab) earlier denied by CIT(E) [Read order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Income-Tax-Babasaheb-Ambedkar-Open-University-TAXSCAN.jpg "Incorrect Exclusion of Interest Income: ITAT upholds Exemption for BAOU u/s 10(23C)(iiiab) earlier denied by CIT(E) [Read order]")
![CBDT guidelines on Cases needed Compulsory Scrutiny does not Preclude Income Tax dept from choosing Additional Cases on Discretionary Basis: Patna HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Patna-HC-Patna-High-Court-CBDT-CBDT-Guidelines-Cases-Cases-needed-Compulsory-Scrutiny-Income-Tax-Dept-Discretionary-Basis-Preclude-Income-Tax-taxscan.jpg "CBDT guidelines on Cases needed Compulsory Scrutiny does not Preclude Income Tax dept from choosing Additional Cases on Discretionary Basis: Patna HC [Read Order]")
![Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Section-1433-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]")
![Bombay HC Condones Delay In Filing ITR By Doctor Considering Covid Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Bombay-High-Court-Condones-Delay-ITR-Income-Tax-Return-Covid-Duty-Covid-19-pandemic-Taxscan.jpg "Bombay HC Condones Delay In Filing ITR By Doctor Considering Covid Duty [Read Order]")
CIT(A) Deleted Rs.120.55 Crore Income Tax Addition In Hasty Manner: Gauhati HC Refuses to Initiate Disciplinary Action Against CIT(A) [Read Order]
The Gauhati High Court has held that disciplinary action against CIT (A) could not be initiated for deleting Rs. 120.55 crore income tax addition in a hasty manner. The court held that the gravity of...
![CIT(A) Deleted Rs.120.55 Crore Income Tax Addition In Hasty Manner: Gauhati HC Refuses to Initiate Disciplinary Action Against CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Gauhati-High-Court-income-tax-addition-Hasty-Manner-TAXSCAN.jpg "CIT(A) Deleted Rs.120.55 Crore Income Tax Addition In Hasty Manner: Gauhati HC Refuses to Initiate Disciplinary Action Against CIT(A) [Read Order]")
ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister Concern of Assessee [Read Order]
In a recent ruling, the Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT )Â quashed the disallowance under Section 36(1)(iii) of the Income Tax Act, 1961, on interest-free advances provided...
![ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister Concern of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-Interest-free-loan-tax-taxscan.jpg "ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister Concern of Assessee [Read Order]")
![ITAT Orders Rehearing of Assessees Appeal After CIT(A) Dismissal for Non-Prosecution [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT Orders Rehearing of Assessees Appeal After CIT(A) Dismissal for Non-Prosecution [Read Order]")
![Excise Duty Exemption Not Taxable Under Income Tax Act: Jammu & Kashmir And Ladakh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Excise-Duty-Exemption-Taxable-Under-Income-Tax-Act-Jammu-Kashmir-And-Ladakh-HC-TAXSCAN.jpg "Excise Duty Exemption Not Taxable Under Income Tax Act: Jammu & Kashmir And Ladakh HC [Read Order]")
ITAT remands Matter to CIT(A) for Fresh Adjudication due to Denial of Personal Hearing to Assessee [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication due to the denial of a personal hearing to...
![ITAT remands Matter to CIT(A) for Fresh Adjudication due to Denial of Personal Hearing to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Fresh-Adjudication-Commissioner-of-Income-Tax-Personal-Hearing-Denial-ITAT-Taxscan.jpg "ITAT remands Matter to CIT(A) for Fresh Adjudication due to Denial of Personal Hearing to Assessee [Read Order]")