![Income Tax Dept Issues Suo Motu New PAN to Existing PAN Holder: Patna HC Invalidates New PAN and Quashes Reassessment Orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Patna-High-Court-Income-Tax-Department-PAN-PAN-card-cases-TAXSCAN.jpg "Income Tax Dept Issues Suo Motu New PAN to Existing PAN Holder: Patna HC Invalidates New PAN and Quashes Reassessment Orders [Read Order]")
Income Tax Dept Issues Suo Motu New PAN to Existing PAN Holder: Patna HC Invalidates New PAN and Quashes Reassessment Orders [Read Order]
In a recent ruling, the Patna High Court invalidated a suo motu PAN issued by the Income Tax Department to a taxpayer who already held a valid PAN...
![Nature and Source of Credit Satisfactorily Explained: ITAT directs AO to delete Additions u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Nature-Source-of-Credit-Satisfactorily-Explained-ITAT-AO-taxscan.jpg "Nature and Source of Credit Satisfactorily Explained: ITAT directs AO to delete Additions u/s 68 [Read Order]")
![ITAT remands case to Assessing Officer: Allows Assessee to furnish details for Unexplained Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Remands-Case-Assessing-Officer-Unexplained-Investment-taxscan.jpg "ITAT remands case to Assessing Officer: Allows Assessee to furnish details for Unexplained Investment [Read Order]")
![ITAT quashes Disallowance of Interest on Credit already confirmed to be Genuine [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-unsecured-loan-ITAT-on-unsecured-loan-interest-taxscan.jpg "ITAT quashes Disallowance of Interest on Credit already confirmed to be Genuine [Read Order]")
![Interest on Compensation on Acquisition of Agricultural Land to be Treated as Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Delhi-Agricultural-Land-Agricultura-Taxscan.jpg "Interest on Compensation on Acquisition of Agricultural Land to be Treated as Income from Other Sources: ITAT [Read Order]")
Failure to Prove Service of Order: CESTAT Sets Aside Commissioner (Appeals)'s Time-Barred Dismissal, Remands Matter [Read Order]
The New Delhi Principal Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that an appeal cannot be dismissed as time-barred without sufficient evidence of service of the...
![Failure to Prove Service of Order: CESTAT Sets Aside Commissioner (Appeals)s Time-Barred Dismissal, Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Failure-to-prove-service-of-order-CESTAT-Sets-CommissionerAppealss-Time-Barred-Dismissal-Remands-Matter-taxscan.jpg "Failure to Prove Service of Order: CESTAT Sets Aside Commissioner (Appeals)s Time-Barred Dismissal, Remands Matter [Read Order]")
AO adds Rs. 24 lakhs u/s 69A Income Tax Act: ITAT confirms Agriculture Income, reduces addition to Rs. 2 lakhs to prevent Revenue Loss [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the income obtained from agriculture and reduced additions made by the Assessing officer to 2 Lakhs in order to prevent revenue...
![AO adds Rs. 24 lakhs u/s 69A Income Tax Act: ITAT confirms Agriculture Income, reduces addition to Rs. 2 lakhs to prevent Revenue Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Surat-Income-Tax-Act-Agriculture-Income-taxscan.jpg "AO adds Rs. 24 lakhs u/s 69A Income Tax Act: ITAT confirms Agriculture Income, reduces addition to Rs. 2 lakhs to prevent Revenue Loss [Read Order]")
Disallowance of Rs.25.85 Lakh Purchases due to Lack of Documentation: ITAT reduces Addition to 12.5% [Read Order]
The Surat Bench of Income Tax Appellate Tribunal(ITAT) reduced the disallowance of Rs. 25.85 lakh worth of purchases, originally made due to lack of documentation, to 12.5%. Shamkant Gajmal...
![Disallowance of Rs.25.85 Lakh Purchases due to Lack of Documentation: ITAT reduces Addition to 12.5% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Purchases-Due-Purchases-Due-to-Lack-of-Documentation-Lack-of-Documentation-Reduces-Addition-ITAT-Surat-taxscan.jpg "Disallowance of Rs.25.85 Lakh Purchases due to Lack of Documentation: ITAT reduces Addition to 12.5% [Read Order]")
CIT(E) Rejects Trust's Registration over limited review of objectives: ITAT orders Fresh Consideration [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) ordered fresh consideration of an application for registration under Section 12AB of the Income Tax Act,1961, following the rejection of...
![CIT(E) Rejects Trusts Registration over limited review of objectives: ITAT orders Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Trusts-Registration-ITAT-Orders-Taxscan.jpg "CIT(E) Rejects Trusts Registration over limited review of objectives: ITAT orders Fresh Consideration [Read Order]")
![PCITs Rejection of Refund Claim and Rectification Application: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/PCIT-ITAT-ITAT-Dismisses-Appeal-Income-Tax-Appellate-Tribunal-Surat-Bench-of-Income-Tax-Appellate-Tribunal-National-Faceless-Appeal-Centre-Income-tax-Income-tax-news-Taxscan.jpg "PCITs Rejection of Refund Claim and Rectification Application: ITAT Dismisses Appeal [Read Order]")
Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT )ruled that the time gap between cash withdrawals and deposits was insufficient to treat the amount as undisclosed income under Section 69...
![Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Time-Gap-Between-Deposit-Undisclosed-Income-taxscan.jpeg "Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]")