![CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-LTCG-Section-46A-Income-Tax-Rules-taxscan.jpg "CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]")
CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded matter concerning income from long-term capital gain ( LTCG ) back to the...
![ITAT upholds deletion of ₹8 Crores Addition due to Lack of Evidence for Unexplained Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Evidence-Taxscan.jpg "ITAT upholds deletion of ₹8 Crores Addition due to Lack of Evidence for Unexplained Credit [Read Order]")
![Ad hoc addition of Unexplained Receipts without calling for records: ITAT remands matter for readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Ad-hoc-addition-Remand-for-Readjudication-Income-Tax-Unexplained-Receipts-Taxscan.jpeg "Ad hoc addition of Unexplained Receipts without calling for records: ITAT remands matter for readjudication [Read Order]")
![ITAT upholds Reduced Land Cost, Citing Inflated Transaction and Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Land-Cost-Evidence-taxscan.jpg "ITAT upholds Reduced Land Cost, Citing Inflated Transaction and Lack of Evidence [Read Order]")
![Notice u/s 271(1)(c) of Income Tax Act Must Specify Reason for Penalty Imposition: J&K HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Ladakh-High-Court-JK-HC-Jammu-and-Kashmir-High-Court-section-2711c-section-2711c-Income-Tax-Act-Penalty-Penalty-imposition-TAXSCAN.jpg "Notice u/s 271(1)(c) of Income Tax Act Must Specify Reason for Penalty Imposition: J&K HC [Read Order]")
![ITAT Deletes Expense Disallowance u/s 14A Due to Lack of Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Income-Tax-Section-14A-of-Income-Tax-Act-Income-Tax-Act-Exempt-Income-Taxscan.jpg "ITAT Deletes Expense Disallowance u/s 14A Due to Lack of Exempt Income [Read Order]")
ITAT quashes Income Tax Assessment due to Lack of Higher Authority Approval u/s 151 for Reopening Beyond 3 Years [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) quashed the income tax assessment order due to a lack of higher authority approval under Section 151 of the Income Tax Act, 1961 for the...
![ITAT quashes Income Tax Assessment due to Lack of Higher Authority Approval u/s 151 for Reopening Beyond 3 Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-ITAT-Quashes-Income-Tax-Assessment-Higher-Authority-Approval-Lack-of-Higher-Authority-Approval-Section-151-of-the-Income-Tax-Act-taxscan.jpg "ITAT quashes Income Tax Assessment due to Lack of Higher Authority Approval u/s 151 for Reopening Beyond 3 Years [Read Order]")
ITAT Deletes Interest Disallowance u/s 36(1)(iii) for Genuine Unsecured Loans, Upholding CIT(A) Decision [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the disallowance of interest under Section 36(1)(iii) of the Income Tax Act,1961 for genuine unsecured loans provided to the...
![ITAT Deletes Interest Disallowance u/s 36(1)(iii) for Genuine Unsecured Loans, Upholding CIT(A) Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Genuine-Unsecured-Loans-Unsecured-Loans-Income-Tax-Section-361iii-of-Income-Tax-Act-Taxscan.jpg "ITAT Deletes Interest Disallowance u/s 36(1)(iii) for Genuine Unsecured Loans, Upholding CIT(A) Decision [Read Order]")
ITAT remands Case to AO for Fresh Assessment of Unexplained Income, considering Additional Evidence [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Assessing Officer (AO) for a fresh assessment of unexplained income, considering additional evidence submitted...
![ITAT remands Case to AO for Fresh Assessment of Unexplained Income, considering Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Assessment-of-Unexplained-Income-unexplained-income-case-taxscan.jpg "ITAT remands Case to AO for Fresh Assessment of Unexplained Income, considering Additional Evidence [Read Order]")
![ITAT quashes Revision Order passed without showing Prejudice to Revenue or Error by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Failure-to-prove-sufficient-cause-to-condone-delay-filing-appeal-against-revision-order-condone-delay-Income-Tax-Act-revision-order-ITAT-dismisses-appeal-ITAT-appeal-taxscan.jpg "ITAT quashes Revision Order passed without showing Prejudice to Revenue or Error by AO [Read Order]")
![No Bar u/s 115 BAC to Carry Forward and Set off Losses Under Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Pune-Section-115BAC-of-the-Income-Tax-Act-Capital-Gains-Losses-Under-Capital-Gains-Carry-Forward-bar-carry-forward-ITAT-news-ITAT-updates-taxscan.jpg "No Bar u/s 115 BAC to Carry Forward and Set off Losses Under Capital Gains: ITAT [Read Order]")
Filing Fee for Increased Share Capital Classified as Revenue Expenditure: ITAT Upholds AO's Decision [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Assessing Officer's (AO) decision to classify the filing fee for an increase in authorized share capital as revenue...
![Filing Fee for Increased Share Capital Classified as Revenue Expenditure: ITAT Upholds AOs Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Legal-Professional-charges-incurred-towards-business-to-be-treated-Revenue-Expenditure-ITAT-RAXSCAN.jpg "Filing Fee for Increased Share Capital Classified as Revenue Expenditure: ITAT Upholds AOs Decision [Read Order]")