![ITAT Partially upholds Addition of Rs.79.35 Lakh as Unexplained Investment, grants Time for Further Documentation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-TAXSCAN.jpg "ITAT Partially upholds Addition of Rs.79.35 Lakh as Unexplained Investment, grants Time for Further Documentation [Read Order]")
ITAT Partially upholds Addition of Rs.79.35 Lakh as Unexplained Investment, grants Time for Further Documentation [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) partially upheld the addition of RS.79.35 lakh as unexplained investment related to the...
![ITAT dismisses Revenues Appeal against Madras Cricket Club, Citing Tax Effect below Rs.60 Lakhs as per CBDT Guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-ITAT-Dismisses-Revenues-Appeal-Madras-Cricket-Club-Cricket-Club-Citing-Tax-CBDT-Guidelines-CBDT-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT dismisses Revenues Appeal against Madras Cricket Club, Citing Tax Effect below Rs.60 Lakhs as per CBDT Guidelines [Read Order]")
![ITAT restores 80G(5) Approval Application for Reconsideration Following New Circular Permitting Fresh Submissions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-TAT-Restores-80G5-Approval-Application-Taxscan.jpeg "ITAT restores 80G(5) Approval Application for Reconsideration Following New Circular Permitting Fresh Submissions [Read Order]")
![ITAT distinguishes b/w Total Business Turnover & Business Income, quashes Ex-Parte Additions u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Nagpur-ITAT-distinguishes-Total-Business-Turnover-Business-Income-quashes-Ex-Parte-Section-69-of-the-Income-Tax-Act-TAXSCAN.jpg "ITAT distinguishes b/w Total Business Turnover & Business Income, quashes Ex-Parte Additions u/s 69 of Income Tax Act [Read Order]")
![Orders Contrary to or Disregarding Court Directions Deemed Unsustainable and Jurisdictionally Defective: Madras HC quashes Income Tax assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Income-Tax-assessment-Tax-assessment-Madras-HC-TAXSCAN.jpg "Orders Contrary to or Disregarding Court Directions Deemed Unsustainable and Jurisdictionally Defective: Madras HC quashes Income Tax assessment [Read Order]")
ITAT Remands Case to CIT(E) for Fresh Hearing, Citing Violation of Natural Justice in Ex-Parte Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Exemption) [CIT(E)] for a fresh hearing, citing a violation of natural justice in...
![ITAT Remands Case to CIT(E) for Fresh Hearing, Citing Violation of Natural Justice in Ex-Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-ITAT-Remands-Fresh-Hearing-CITE-Citing-Violation-Natural-Justice-Ex-Parte-Order-Citing-Violation-of-Natural-Justice-TAXSCAN.jpg "ITAT Remands Case to CIT(E) for Fresh Hearing, Citing Violation of Natural Justice in Ex-Parte Order [Read Order]")
ITAT dismisses Appeal as Infructuous after Assessee Files Fresh Application for S.80G Approval [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT )dismissed the appeal of the assessee as infructuous after the assessee filed a fresh application for Section 80G approval, following the...
![ITAT dismisses Appeal as Infructuous after Assessee Files Fresh Application for S.80G Approval [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-ITAT-Dismisses-Appeal-Taxscan.jpg "ITAT dismisses Appeal as Infructuous after Assessee Files Fresh Application for S.80G Approval [Read Order]")
CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 15/2024, dated November 4, 2024, outlining updated guidelines that establish specific monetary thresholds and eligibility criteria...
![CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-CBDT-Central-Board-of-Direct-Taxes-Monetary-Limits-TAXSCAN.jpg "CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]")
![ITAT Rules Shareholder Transfer not Grounds for Company Property Revaluation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-New-Delhi-TAXSCAN.jpg "ITAT Rules Shareholder Transfer not Grounds for Company Property Revaluation [Read Order]")
Deadline Alert! Income Tax Compliances Due on 7th November-TDS/TCS, Equalisation Levy, STT, CTT and Form 27C
Importance of Compliance and Adherence Compliance and adherence to due dates while filing income taxes are essential for both individuals and businesses to avoid penalties, interest charges and...
ITAT Overturns AO's Additions for deemed Rental Income, upholding Long-Term Lease Agreements [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer's ( AO ) additions for deemed rental income, emphasizing the validity of long-term lease agreements...
![ITAT Overturns AOs Additions for deemed Rental Income, upholding Long-Term Lease Agreements [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Rental-Income-Long-Term-Lease-Agreement-Rental-Income-Additions-Taxscan.jpg "ITAT Overturns AOs Additions for deemed Rental Income, upholding Long-Term Lease Agreements [Read Order]")