![ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-DSIR-Soft-Loan-Taxscan.jpg "ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]")
ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) allowed a weighted deduction under Section 35(2AB) of Income Tax Act,1961 for the...
![ITAT allows Deduction of Rs. 1.72 crore for Reversal of Obsolete Inventory provision due to Double Taxation Concerns [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-Income-Tax-deduction-Taxscan.jpg "ITAT allows Deduction of Rs. 1.72 crore for Reversal of Obsolete Inventory provision due to Double Taxation Concerns [Read Order]")
![“No delay in filing appeal before CIT(A)”: ITAT considers COVID-19 Limitation Extension [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Cuttak-COVID-19-Limitation-Extension-Taxscan.jpg "“No delay in filing appeal before CIT(A)”: ITAT considers COVID-19 Limitation Extension [Read Order]")
![Rs. 44.5 cr Addition made on Incorrect Reporting by Auditor: ITAT directs CIT(A) to condone delay of 484 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Incorrect-reporting-by-auditor-Auditor-misreporting-consequences-Tax-appeal-delay-condonation-taxscan.jpg "Rs. 44.5 cr Addition made on Incorrect Reporting by Auditor: ITAT directs CIT(A) to condone delay of 484 days [Read Order]")
![PAN Error Linking to Partnership Firm leads to S. 69A Addition: ITAT rules FAA’s Order Cryptic, Directs Fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-Income-Tax-Errors-in-pan-linking-FAA-Order-TAXSCAN.jpg "PAN Error Linking to Partnership Firm leads to S. 69A Addition: ITAT rules FAA’s Order Cryptic, Directs Fresh Examination [Read Order]")
ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal(ITAT) remitted the matter back to the Commissioner of Income Tax(Appeals)[CIT(A)] for reassessment of cash deposits made by the assessee,...
![ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Remits-ITAT-Remits-Case-CITA-Reassessment-Cash-Deposits-Additional-Evidence-Commissioner-of-Income-TaxAppeals-taxscan.jpg "ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]")
ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the Commissioner of Income Tax (Exemption)[CIT(E)]'s order, upholding the nil income assessment for Mother Theresa...
![ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Quashes-Income-Tax-Appellate-Tribunal-Mother-Theresa-Educational-Society-Nil-Income-CITE-Order-taxscan.jpg "ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]")
ITAT upholds Deletion of Penalty on Mother Theressa Educational Society for Misreported Depreciation, Highlighting Spending Compliance [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s deletion of a penalty imposed on the Mother Theressa Educational Society,the...
![ITAT upholds Deletion of Penalty on Mother Theressa Educational Society for Misreported Depreciation, Highlighting Spending Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-TAXSCAN.jpg "ITAT upholds Deletion of Penalty on Mother Theressa Educational Society for Misreported Depreciation, Highlighting Spending Compliance [Read Order]")
Punjab and Haryana HC Invalidates S.148 Notices for Non-Compliance with Faceless Assessment Procedure [Read Order]
In the recent ruling,the Punjab and Haryana High Court, invalidated notices issued under Section 148 of the Income Tax Act,1961 for non-compliance with the faceless assessment procedure.Fastway...
![Punjab and Haryana HC Invalidates S.148 Notices for Non-Compliance with Faceless Assessment Procedure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Punjab-and-Haryana-High-Court-Section-148-of-Income-Tax-Act-Income-Tax-Income-Tax-Act-Faceless-Assessment-Taxscan.jpeg "Punjab and Haryana HC Invalidates S.148 Notices for Non-Compliance with Faceless Assessment Procedure [Read Order]")
ITAT Overturns AO's Addition of Rs. 1.4 Lakh u/s 68, Validating Assessee's Cash and Insurance Payment Accounting [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer ( AO )’s addition of Rs. 1.4 lakh under section 68 of the Income Tax Act,1961 validating the...
![ITAT Overturns AOs Addition of Rs. 1.4 Lakh u/s 68, Validating Assessees Cash and Insurance Payment Accounting [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Income-Tax-Section-68-of-the-Income-Tax-Act-Income-Tax-Act-Taxscan.jpeg "ITAT Overturns AOs Addition of Rs. 1.4 Lakh u/s 68, Validating Assessees Cash and Insurance Payment Accounting [Read Order]")
ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessee's Non-Compliance with Notices [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of the assessee to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh hearing following an ex parte...
![ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessees Non-Compliance with Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Ex-Parte-Dismissal-Commissioner-of-Income-Tax-ITAT-Remands-Case-to-CITA-Taxscan.jpeg "ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessees Non-Compliance with Notices [Read Order]")
ITAT upholds AO's Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessee's insufficient explanation of Funds [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the addition of Rs. 11.4 lakhs made by the Assessing Officer ( AO ) for unexplained cash, citing the assessee's insufficient...
![ITAT upholds AOs Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessees insufficient explanation of Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakapatanam-Income-Tax-ITAT-upholds-AO-Addition-AO-Addition-for-Unexplained-Fund-Taxscan.jpeg "ITAT upholds AOs Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessees insufficient explanation of Funds [Read Order]")