![ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Remits-ITAT-Remits-Case-CITA-Reassessment-Cash-Deposits-Additional-Evidence-Commissioner-of-Income-TaxAppeals-taxscan.jpg "ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]")
ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal(ITAT) remitted the matter back to the Commissioner of Income Tax(Appeals)[CIT(A)] for...
![ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Quashes-Income-Tax-Appellate-Tribunal-Mother-Theresa-Educational-Society-Nil-Income-CITE-Order-taxscan.jpg "ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]")
![ITAT upholds Deletion of Penalty on Mother Theressa Educational Society for Misreported Depreciation, Highlighting Spending Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-TAXSCAN.jpg "ITAT upholds Deletion of Penalty on Mother Theressa Educational Society for Misreported Depreciation, Highlighting Spending Compliance [Read Order]")
![Punjab and Haryana HC Invalidates S.148 Notices for Non-Compliance with Faceless Assessment Procedure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Punjab-and-Haryana-High-Court-Section-148-of-Income-Tax-Act-Income-Tax-Income-Tax-Act-Faceless-Assessment-Taxscan.jpeg "Punjab and Haryana HC Invalidates S.148 Notices for Non-Compliance with Faceless Assessment Procedure [Read Order]")
![ITAT Overturns AOs Addition of Rs. 1.4 Lakh u/s 68, Validating Assessees Cash and Insurance Payment Accounting [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Income-Tax-Section-68-of-the-Income-Tax-Act-Income-Tax-Act-Taxscan.jpeg "ITAT Overturns AOs Addition of Rs. 1.4 Lakh u/s 68, Validating Assessees Cash and Insurance Payment Accounting [Read Order]")
ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessee's Non-Compliance with Notices [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of the assessee to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh hearing following an ex parte...
![ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessees Non-Compliance with Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Ex-Parte-Dismissal-Commissioner-of-Income-Tax-ITAT-Remands-Case-to-CITA-Taxscan.jpeg "ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessees Non-Compliance with Notices [Read Order]")
ITAT upholds AO's Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessee's insufficient explanation of Funds [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the addition of Rs. 11.4 lakhs made by the Assessing Officer ( AO ) for unexplained cash, citing the assessee's insufficient...
![ITAT upholds AOs Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessees insufficient explanation of Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakapatanam-Income-Tax-ITAT-upholds-AO-Addition-AO-Addition-for-Unexplained-Fund-Taxscan.jpeg "ITAT upholds AOs Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessees insufficient explanation of Funds [Read Order]")
ITAT upholds AO's Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Assessing Officer's ( AO ) addition of ₹9.65 lakh under section 56(2)(x), of Income Tax Act,1961 ruling that the gift...
![ITAT upholds AOs Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakapatanam-Income-Tax-Section-562x-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "ITAT upholds AOs Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]")
Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT )ruled that a cooperative society is eligible for an income tax deduction under Section 80P(2)(a)(i) for interest income derived from...
![Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Interest-Income-Taxscan.jpg "Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]")
![ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Assessing-Officer-ITAT-Directs-Income-Tax-Appellate-Tribunal-section-68-of-the-Income-Tax-Act-Confirming-Source-of-Investment-taxscan-2.jpg "ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]")
![ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Deletes-Income-Tax-Appellate-Tribunal-unsecured-loans-Affirming-Validity-of-Sources-Validity-of-Sources-taxscan.jpg "ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]")