![ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Disallowance-Trading-Loss-Penny-Stock-Shares-Insufficient-Evidence-Price-Manipulation-taxscan.jpg "ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]")
ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of trading losses claimed by the assessee on alleged penny...
![Compliance with S. 249(4)(b) of Income Tax is Mandatory: ITAT Rules Non-Payment of Advance Tax Bars Taxpayers Right to Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-Rules-Advance-Tax-Bars-Taxpayer-Right-to-Appeal.jpg "Compliance with S. 249(4)(b) of Income Tax is Mandatory: ITAT Rules Non-Payment of Advance Tax Bars Taxpayers Right to Appeal [Read Order]")
![ITAT dismisses Appeal under Income Tax Act on Failure to Cure certain Defects Pointed by Authority: Kerala HC sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Kerala-High-Court-ITAT-Income-Tax-Act-Income-Tax-Income-Tax-Act-Appeal-Dismissal-Taxscan.jpeg "ITAT dismisses Appeal under Income Tax Act on Failure to Cure certain Defects Pointed by Authority: Kerala HC sets aside Order [Read Order]")
![Invalid Assessment Order automatically Invalidates Revisional Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Invalid-Assessment-Order-Invalidates-Revisional-Order-ITAT-taxscan.jpg "Invalid Assessment Order automatically Invalidates Revisional Order: ITAT [Read Order]")
![ITAT deletes Incorrect Interest Charges due to Erroneous Due Date for Filing Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Deletes-Incorrect-Interest-Charges-ITAT-Deletes-ITAT-Delhi-Due-Date-for-Filing-Return-file-in-return-taxscan.jpg "ITAT deletes Incorrect Interest Charges due to Erroneous Due Date for Filing Return [Read Order]")
ITAT Rejects Revenue's Rs. 39.52 Lakh Overstatement of purchase claim, upholds CIT(A) Ruling due to GST Period Difference [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal( ITAT ) rejected the Revenue’s claim of Rs. 39.52 lakh overstatement of purchases, upholding the Commissioner of Income Tax(Appeals)[CIT(A)]...
![ITAT Rejects Revenues Rs. 39.52 Lakh Overstatement of purchase claim, upholds CIT(A) Ruling due to GST Period Difference [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Ahmedabad-Overstatement-of-Purchase-Claim-GST-Period-Difference-CITA-Ruling-ITAT-GST-Income-Tax-Appellate-Tribunal-Goods-and-Service-Tax-Commissioner-of-Income-Tax-CITA-taxscan.jpg "ITAT Rejects Revenues Rs. 39.52 Lakh Overstatement of purchase claim, upholds CIT(A) Ruling due to GST Period Difference [Read Order]")
ITAT Dismisses Taxpayer's Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) dismissed the appeal by allowing the choice for opting under the Direct Tax Vivad Se Vishwas Scheme, 2024, with the liberty to reinstate the...
![ITAT Dismisses Taxpayers Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Chennai-Bench-Taxpayer-ITAT-Dismisses-Taxpayer-Vivad-Se-Vishwas-Scheme-Taxpayers-Appeal-Income-Tax-Appellate-Tribunal-Tax-news.jpg "ITAT Dismisses Taxpayers Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 [Read Order]")
ITAT upholds CIT(A) Decision, Dismisses Revenue's Appeal Over Alleged Bogus Transactions [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (CIT) Appeals' decision to delete the addition under Income tax act made by the Assessing Officer...
![ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-itat-Ahmedabad-income-tax-appeal-taxscan.jpg "ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]")
ITAT Remands Case to AO for Re-Examination Due to Assessee’s Pregnancy-Related Delay in Document Submission [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal(ITAT) remanded the case to the Assessing Officer (AO) for re-examination due to the assessee’s pregnancy-related delay in submitting important...
![ITAT Remands Case to AO for Re-Examination Due to Assessee’s Pregnancy-Related Delay in Document Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/itat-kolkata-Document-Submission-Delay-Re-Examination-Case-Remand-taxscan.jpg "ITAT Remands Case to AO for Re-Examination Due to Assessee’s Pregnancy-Related Delay in Document Submission [Read Order]")
Disallowance u/s 37 of Income Tax Act: ITAT Allows Opportunity to Prove Genuineness of Payment [Read Order]
In a recent case, the Income Tax Appellate Tribunal, Bangalore ( ITAT ) has directed the Commissioner of Income-tax (Appeals), CIT(A)Â to restore and review the Income Tax Appeal filed by the...
![Disallowance u/s 37 of Income Tax Act: ITAT Allows Opportunity to Prove Genuineness of Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Disallowance u/s 37 of Income Tax Act: ITAT Allows Opportunity to Prove Genuineness of Payment [Read Order]")
S.13 attracts during Assessment, Not at Grant of Registration: ITAT restores matter to Grant Final Registration u/s 12AB [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) restored income tax matters to grant Final Registration under Section 12AB of the Income Tax Act, 1961 and held...
![S.13 attracts during Assessment, Not at Grant of Registration: ITAT restores matter to Grant Final Registration u/s 12AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "S.13 attracts during Assessment, Not at Grant of Registration: ITAT restores matter to Grant Final Registration u/s 12AB [Read Order]")