![S.69A Addition cannot be made solely on Claim that Assessee not a Specified Person to Accept Demonetized Currency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Section-69A-Income-Tax-Act-Demonetized-Currency-Income-Tax-Appellate-Tribunal-taxscan.jpg "S.69A Addition cannot be made solely on Claim that Assessee not a Specified Person to Accept Demonetized Currency: ITAT [Read Order]")
S.69A Addition cannot be made solely on Claim that Assessee not a Specified Person to Accept Demonetized Currency: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the addition under section 69A of Income Tax Act,1961 cannot be made solely...
![Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Delhi-locus-standi-Struck-off-company-TAXSCAN.jpeg "Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]")
![ITAT Remits Matter to AO for Reassessment as CIT(A) Sent Notices to Incorrect Email ID [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Remits-Matter-AO-Reassessment-CITA-Sent-Notices-Incorrect-Email-ID-taxscan.jpg "ITAT Remits Matter to AO for Reassessment as CIT(A) Sent Notices to Incorrect Email ID [Read Order]")
![AO Levied Penalty u/s 271AAB for Alleged Undisclosed Income during Search: ITAT deletes Penalty due to Lack of Clear Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Section-271AAB-of-the-Income-Tax-Act-Evidence-Undisclosed-Income-Taxscann.jpg "AO Levied Penalty u/s 271AAB for Alleged Undisclosed Income during Search: ITAT deletes Penalty due to Lack of Clear Evidence [Read Order]")
![Hearing Notices Sent by CIT(A) via Email against Assessees Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-ITAT-News-TAXSCAN.jpeg "Hearing Notices Sent by CIT(A) via Email against Assessees Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]")
Agricultural Land Sold to Non-Agriculturist Remains Agricultural and cannot be treated as Capital Assets: ITAT [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that agricultural land sold to a non-agriculturist retains its status as agricultural land and cannot...
![Agricultural Land Sold to Non-Agriculturist Remains Agricultural and cannot be treated as Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-on-Agriculturist-Agricultural-Land-Remains-Agricultural-Capital-Assets-Taxscan.jpg "Agricultural Land Sold to Non-Agriculturist Remains Agricultural and cannot be treated as Capital Assets: ITAT [Read Order]")
Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]
The two member bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad ruled that expenses incurred on a software project, which was ultimately abandoned and provided no enduring benefit, should...
![Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Service-Tax-Leviable-Services-Nature-Software-Development-CESTAT-taxscan.jpeg "Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]")
19 Days of Delay in Filing Appeal Condoned due to Outdated Email Address: ITAT remits Matter to CIT(A) [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) condoned a delay of 19 days in filing an appeal due to notices being sent to an outdated email address.The delay occurred because the...
![19 Days of Delay in Filing Appeal Condoned due to Outdated Email Address: ITAT remits Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-CITA-Taxscan.jpg "19 Days of Delay in Filing Appeal Condoned due to Outdated Email Address: ITAT remits Matter to CIT(A) [Read Order]")
AO incorrectly invokes Section 69A and Charges Tax u/s 115 BBE of Income Tax Act: ITAT deletes addition [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition where the Assessing Officer had incorrectly invoked Section 69A, of the Income Tax Act, 1961, which...
![AO incorrectly invokes Section 69A and Charges Tax u/s 115 BBE of Income Tax Act: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Section-69A-AO-Incorrectly-Income-Tax-Appellate-Tribunal-Income-Tax-Act-ITAT-deletes-addition-TAXSCAN.jpg "AO incorrectly invokes Section 69A and Charges Tax u/s 115 BBE of Income Tax Act: ITAT deletes addition [Read Order]")
ITAT deletes Rs. 14 Lakhs Addition made by AO due to Misreported Property Transaction Details [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) deleted a Rs. 14 lakhs addition made by the Assessing Officer ( AO ) under section 69A of Income Tax Act,1961. The addition was based on...
![ITAT deletes Rs. 14 Lakhs Addition made by AO due to Misreported Property Transaction Details [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Bangalore-ITAT-Income-Tax-Appellate-Tribunal-AO-Assessing-Officer-section-69A-of-Income-Tax-Act-Misreported-Property-Transaction-Details-taxscan.jpg "ITAT deletes Rs. 14 Lakhs Addition made by AO due to Misreported Property Transaction Details [Read Order]")
Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of ₹1, 30,45,000/- due to the assessee's failure to disclose the loan of ₹7,25,000/- availed from Pravinbhai...
![Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Ahmedabad-ITAT-loan-repayment-case-TAXSCAN.jpg "Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]")
FAA issues 6 Income Tax Notices likely Delivered to Assessee's Spam Folder: ITAT directs Fresh Adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) directed fresh adjudication after finding that the First Appellate Authority ( FAA )'s six income tax notices were likely delivered to...
![FAA issues 6 Income Tax Notices likely Delivered to Assessees Spam Folder: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/FAA-FAA-Issues-First-Appellate-Authority-Income-Tax-Notices-ITAT-Income-Tax-Appellate-Tribunal-ITAT-Bangalore-Assessees-Spam-ITAT-News-ITAT-update-TAXSCAN.jpg "FAA issues 6 Income Tax Notices likely Delivered to Assessees Spam Folder: ITAT directs Fresh Adjudication [Read Order]")