![ITAT Upholds CIT(A) Deletion of Rs. 1.67 Cr u/s 14A Due to No Exempt Income[Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-CITA-Deletion-us-14A-Due-to-No-Exempt-Income-TAXSCAN.jpg "ITAT Upholds CIT(A) Deletion of Rs. 1.67 Cr u/s 14A Due to No Exempt Income[Read Order]")
ITAT Upholds CIT(A) Deletion of Rs. 1.67 Cr u/s 14A Due to No Exempt Income[Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision to delete a disallowance...
![ITAT quashes Reopening of Assessment due to Procedural Flaws in issuance of Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Reopening-of-Assessment-ITAT-quashes-assessment-reopening-Taxscan.jpg "ITAT quashes Reopening of Assessment due to Procedural Flaws in issuance of Notice [Read Order]")
![ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-CITA-Loan-Taxscan.jpg "ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]")
![ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVOs Seller Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-ITAT-Deletes-Addition-District-Valuation-Officer-DVO-Valuation-Income-Tax-Taxscan.jpg "ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVOs Seller Valuation [Read Order]")
![ITAT Upholds CIT(A) Ruling, Deleting ₹2 Crore Addition to TCGL’s Income for Non-Accrued Grants [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/TAT-ITAT-Ahmedabad-CITA-Ruling-Taxscan.jpg "ITAT Upholds CIT(A) Ruling, Deleting ₹2 Crore Addition to TCGL’s Income for Non-Accrued Grants [Read Order]")
CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded matter concerning income from long-term capital gain ( LTCG ) back to the Assessing officer for verification after the commissioner...
![CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-LTCG-Section-46A-Income-Tax-Rules-taxscan.jpg "CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]")
ITAT upholds deletion of ₹8 Crores Addition due to Lack of Evidence for Unexplained Credit [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) upheld the deletion of the ₹8 crores addition made under Section 68 of the Income Tax Act,1961,due to insufficient evidence to support the...
![ITAT upholds deletion of ₹8 Crores Addition due to Lack of Evidence for Unexplained Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Evidence-Taxscan.jpg "ITAT upholds deletion of ₹8 Crores Addition due to Lack of Evidence for Unexplained Credit [Read Order]")
Ad hoc addition of Unexplained Receipts without calling for records: ITAT remands matter for readjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded an income tax matter for readjudication on ground that the Assessing Officer ( AO ) made an ad hoc addition of unexplained...
![Ad hoc addition of Unexplained Receipts without calling for records: ITAT remands matter for readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Ad-hoc-addition-Remand-for-Readjudication-Income-Tax-Unexplained-Receipts-Taxscan.jpeg "Ad hoc addition of Unexplained Receipts without calling for records: ITAT remands matter for readjudication [Read Order]")
![ITAT upholds Reduced Land Cost, Citing Inflated Transaction and Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Land-Cost-Evidence-taxscan.jpg "ITAT upholds Reduced Land Cost, Citing Inflated Transaction and Lack of Evidence [Read Order]")
Notice u/s 271(1)(c) of Income Tax Act Must Specify Reason for Penalty Imposition: J&K HC [Read Order]
In a recent case, the Jammu and Kashmir and Ladakh High Court has made it clear that notice to an assessee proposing imposition of penalty under section 271(1)(c) of the Income Tax Act, 1961 must...
![Notice u/s 271(1)(c) of Income Tax Act Must Specify Reason for Penalty Imposition: J&K HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Ladakh-High-Court-JK-HC-Jammu-and-Kashmir-High-Court-section-2711c-section-2711c-Income-Tax-Act-Penalty-Penalty-imposition-TAXSCAN.jpg "Notice u/s 271(1)(c) of Income Tax Act Must Specify Reason for Penalty Imposition: J&K HC [Read Order]")
![ITAT Deletes Expense Disallowance u/s 14A Due to Lack of Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Income-Tax-Section-14A-of-Income-Tax-Act-Income-Tax-Act-Exempt-Income-Taxscan.jpg "ITAT Deletes Expense Disallowance u/s 14A Due to Lack of Exempt Income [Read Order]")