![Income Tax Annual Digest 2024: ITAT Cases [Part 3]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-Income-Tax-Annual-Digest-2024-Income-Tax-Annual-Digest-annual-round-up-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 3]")
Income Tax Annual Digest 2024: ITAT Cases [Part 3]
This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported...
![No TCS on Goods Purchases by IFSC Units u/s 206C(1H) of Income Tax Act: Finance Ministry [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/No-TCS-Goods-Purchases-IFSC-Units-206C-1H-Income-Tax-Act-Finance-Ministry-taxscan.jpg "No TCS on Goods Purchases by IFSC Units u/s 206C(1H) of Income Tax Act: Finance Ministry [Read Order]")
![Income Tax Annual Digest 2024: ITAT Cases [Part 2]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Income-Tax-Annual-Digest-2024-Income-Tax-Digest-2024-TAXSCAN.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 2]")
![Income Tax Annual Digest 2024: ITAT Cases [Part 1]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-Annual-Digest-2024-Annual-Digest-Taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 1]")
Assessee’s Lack of Diligence Delayed Proceedings: ITAT imposes Cost of Rs. 10k, remands Matter [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has taken a stern stance against the lack of diligence by Rajeshbhai Mohanbhai Prajapati, an assessee whose negligence led to delayed...
![Assessee’s Lack of Diligence Delayed Proceedings: ITAT imposes Cost of Rs. 10k, remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/TAT-ITAT-Ahmedabad-Delayed-Proceedings-Taxscan.jpg "Assessee’s Lack of Diligence Delayed Proceedings: ITAT imposes Cost of Rs. 10k, remands Matter [Read Order]")
No Income Tax Reassessment on Incidental or Tangential Findings w/out fulfilling S.150 conditions: Delhi HC
A Division Bench of the Delhi High Court recently held that no income tax reassessment may be initiated on the basis of mere ‘incidental’ or ‘tangential’ findings without the fulfilment of due...
Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the increased tax rate of 60% under Section 115BBE of the Income Tax Act does not apply to cash deposits made during the...
![Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Section-115BBE-of-Income-Tax-Act-ITAT-on-Section-115BBE-tax-rate-TAXSCAN.jpg "Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order]")
ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ranchi Bench, has set aside the order of the Commissioner of Income Tax (Appeals) (CIT(A)) and directed the reassessment of the long-term capital gain (LTCG)...
![ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-LTCG-Claim-Evidence-Cheque-Transactions-taxscan.jpg "ITAT directs Reconsideration of LTCG Claim owing to New Evidence including Cheque Transactions [Read Order]")
Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]
In a recent ruling by the Income Tax Appellate Tribunal (ITAT), Surat Bench, the assessee, Manish Chiranjilal Jain, received partial relief in his appeal concerning the assessment for the financial...
![Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Interest-Expenses-Addition-Household-Expenses-Disallowance-taxscan.jpg "Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]")
Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) remanded the case back to the Assessing Officer (AO) for a fresh review after addressing the ex-parte dismissal and the addition of Rs. 1.55...
![Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Ex-parte-Dismissal-Unexplained-Investment-ITAT-AO-taxscan.jpg "Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]")