![Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Agreement-for-transfer-movable-assets-ITAT-Ahmedabad-bench-of-ITAT-Assessing-officer-KSMC-Commissioner-of-Income-Tax-Taxscan.jpg "Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]")
Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that an agreement for the transfer of operations and movable assets cannot be...
![Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Addition-Positive-Evidence-taxscan.jpg "Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]")
![Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Landmark-Ruling-ITAT-ITAT-Mumbai-ITAT-Mumbai-Upholds-Co-op-Societies-Clarifies-Co-op-Banks-Co-op-Banks-Tax-Benefits-taxscan.jpg "Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]")
![Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Remands-Case-to-AO-Lack-of-evidence-taxscan.jpg "Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]")
![ITAT Remands ₹44.9 Lakhs Unexplained Cash Deposits Case to AO: Deliberates on need for Natural Justice in Reassessments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Natural-Justice-in-Reassessment-TAXSCAN.jpg "ITAT Remands ₹44.9 Lakhs Unexplained Cash Deposits Case to AO: Deliberates on need for Natural Justice in Reassessments [Read Order]")
Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order]
The Patna bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Mr Dharmendra Kumar confirmed the addition made by the assessing officer ( AO ) as unexplained income under Section 69A...
![Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Patna-Income-Tax-Income-Tax-Act-Section-69A-of-Income-Tax-Ac-taxscan.jpg "Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order]")
Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals) [CIT(A)]’s deletion of the addition of ₹13.87 crore under section 40(a)(ia) for delayed Tax...
![Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Jodhpur-TDS-Payment-Profit-Rate-Estimation-Taxscan.jpg "Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]")
Interest-Free Loans to Related Parties: ITAT Dismisses Assessee's Appeal, Validates PCIT's Action [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, dismissed an appeal and upheld the order passed by the Principal Commissioner of Income Tax ( PCIT ) under Section 263 of...
![Interest-Free Loans to Related Parties: ITAT Dismisses Assessees Appeal, Validates PCITs Action [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Free-Loans-Interest-Free-Loans-to-Related-Parties-Related-Parties-ITAT-ITAT-Mumbai-taxscan.jpg "Interest-Free Loans to Related Parties: ITAT Dismisses Assessees Appeal, Validates PCITs Action [Read Order]")
ITAT Restores 80G Approval Application: Assessee's Corrected Form 10AB to be Considered [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has restored the approval application under Section 80G of the Income Tax Act,1961 filed and directed the Commissioner...
![ITAT Restores 80G Approval Application: Assessees Corrected Form 10AB to be Considered [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Form-10AB-Approval-Application-taxscan.jpg "ITAT Restores 80G Approval Application: Assessees Corrected Form 10AB to be Considered [Read Order]")
![ITAT Sets Aside CPCs Adjustment, allows Pfizers Claim u/s 43B [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Pfizer-CPC-taxscan.jpg "ITAT Sets Aside CPCs Adjustment, allows Pfizers Claim u/s 43B [Read Order]")
ITAT quashes AO's Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]
In a significant ruling, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld that cooperative credit societies are eligible for deductions under Section 80P of the Income Tax Act....
![ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Credit-Society-upholds-deduction-taxscan.jpg "ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]")
Not Every Bank Deposit constitutes Income: ITAT remands Agriculturist's Unexplained Cash Deposit Matter for Reconsideration [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that not all bank deposits could be presumed as taxable income and remanded two appeals concerning additions of unexplained...
![Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bank-Deposit-Constitutes-Income-ITAT-ITAT-Remands-Unexplained-Cash-Deposit-Reconsideration-taxable-income-unexplained-cash-deposits-Commissioner-of-Income-Tax-CIT-Taxscan.jpg "Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]")