![Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-New-Delhi-Income-Tax-Income-Tax-News-section-144-Taxscan.jpg "Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]")
Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) restored the ex parte assessment order passed under section 144 of the Income tax...
![ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-disallowance-Unexplained-Share-Premium-Financial-Year-Ahmedabad-bench-of-the-Income-Tax-Appellate-Tribunal-Share-Premium-Fluctuation-assessing-officer-income-tax-returns-Taxscan.jpg "ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]")
![ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Commission-Determining-Commission-Taxscan.jpg "ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]")
![CPC cannot Disallow S.11 Benefits already Accepted: ITAT Rules Action Beyond Scope of Rectification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Rectification-CPC-Taxscan.jpg "CPC cannot Disallow S.11 Benefits already Accepted: ITAT Rules Action Beyond Scope of Rectification [Read Order]")
![Late Submission of Form 10B deemed Procedural Lapse: ITAT grants benefit u/s 11 of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-Form-10B-TAXSCAN.jpg "Late Submission of Form 10B deemed Procedural Lapse: ITAT grants benefit u/s 11 of Income Tax [Read Order]")
S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed all the grounds filed by the assessee and held that the order passed under Section 263 of the Income Tax...
![S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-News-section-263-Taxscan.jpg "S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]")
ITAT upholds AO's Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the disallowance of short-term capital loss which was already adjusted in the previous assessment year (AY) but deleted the penalty...
![ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-STCL-AOs-Disallowance-STCL-Due-to-Adjustment-Income-Tax-Appellate-Tribunal-previous-assessment-year-Commissioner-of-Tax-Taxscan.jpg "ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]")
Disallowance of Expense u/s 37(1) of Income Tax Act is Valid in absence to Contrary Evidence to Purchase of Paddy from Unregistered Farmers: Kerala HC [Read Order]
The Kerala High Court has held that disallowance of expense under section 37(1) of the Income Tax Act, 1961 is valid in the absence of contrary evidence to the purchase of paddy from unregistered...
![Disallowance of Expense u/s 37(1) of Income Tax Act is Valid in absence to Contrary Evidence to Purchase of Paddy from Unregistered Farmers: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Kerala-High-Court-Disallowance-Disallowance-of-Expense-Paddy-Taxscan.jpg "Disallowance of Expense u/s 37(1) of Income Tax Act is Valid in absence to Contrary Evidence to Purchase of Paddy from Unregistered Farmers: Kerala HC [Read Order]")
Delhi HC sets aside TPO’s Order on 'FABINDIA' Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]
The High Court of Delhi in a recent ruling,set aside the Transfer Pricing Officer(TPO)’s 28.01.2021 order disallowing the depreciation claim on the 'FABINDIA' trademark for Assessment Year(AY)...
![Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-TPOs-Order-Trademark-Depreciation-Depreciation-Claim-Directs-AO-to-Reassess-FABINDIA-trademark-for-Assessment-Year-taxscan-1.jpg "Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]")
Challenge on Reduction of Net Profit % by CIT(A): ITAT Remands Matter for Re verification of Books of Accounts & Other Documents [Read Order]
In a recent case about the challenge was on reduction of net profit upheld by the Commissioner of Income Tax (Appeal)(CIT(A), the Ranchi bench of the Income Tax Appellate Tribunal (ITAT) remanded the...
![Challenge on Reduction of Net Profit % by CIT(A): ITAT Remands Matter for Re verification of Books of Accounts & Other Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ranchi-Income-Tax-Income-Tax-News-Taxscan.jpg "Challenge on Reduction of Net Profit % by CIT(A): ITAT Remands Matter for Re verification of Books of Accounts & Other Documents [Read Order]")
ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) condoned a delay of 244 days and restored the ex-parte order to the AO for fresh adjudication due to the genuine...
![ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Condones-244-days-Delay-Ex-Parte-Order-AO-Fresh-Adjudication-Genuine-Hardships-Faced-Assessee-taxscan.jpg "ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]")
Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]
Тhe Delhi Нigh Cоurt, in а recent ruling, dismissed а рetitiоn filеd by Mаjestic Hаndicrаft Privаte Ltd chаllenging reаssessment nоtice аnd оrder аs pеr Sectiоns 147 аnd 148 оf thе Income Tаx Aсt...
![Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/500x300_2041085-delhi-h-trnsctins-with-nn-xistent-suppliers-nn-xistent-suppliers-delhi-igh-curt-ressessment-taxscan.webp "Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]")