![Lack of Conclusive Evidence: ITAT quashes Revision Order u/s 263 alleging Cash Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Itat-Revision-Order-Cash-Payment-Lack-of-Conclusive-Evidence-itat-on-revision-order-itat-about-revision-order-itat-news-taxnews-taxscan.jpg "Lack of Conclusive Evidence: ITAT quashes Revision Order u/s 263 alleging Cash Payment [Read Order]")
Lack of Conclusive Evidence: ITAT quashes Revision Order u/s 263 alleging Cash Payment [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed the Principal Commissioner of Income Tax ( PCIT ) revision order...
![ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Return-ITAT-Income-Tax-Commissioner-TAXSCAN.jpg "ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]")
![Deduction u/s 54F of Income Tax Act Allowable On Construction Of The New Dwelling/Residential Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Deduction-us-54F-of-Income-Tax-Act-Construction-Of-The-New-Dwelling-Residential-Unit-ITAT-TAXSCAN.jpg "Deduction u/s 54F of Income Tax Act Allowable On Construction Of The New Dwelling/Residential Unit: ITAT [Read Order]")
![ITAT allows Income Tax Exemptions u/s 80P, claimed by CIDCO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Mumbai-CIDCO-Income-Tax-Exemptions-Income-tax-Section-80P-80P2ai-income-tax-act-TAXSCAN.jpg "ITAT allows Income Tax Exemptions u/s 80P, claimed by CIDCO [Read Order]")
![None appeared on behalf of Assessee for Hearing 33 Time Consecutively: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-ITAT-dismisses-appeal-Income-Tax-Appellate-Tribunal-Non-appearance-of-the-assessee-taxscan.jpg "None appeared on behalf of Assessee for Hearing 33 Time Consecutively: ITAT dismisses Appeal [Read Order]")
![Settlement Commission Order cannot be Rectified u/s 154 of Income Tax Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Settlement-Commission-Order-Income-Tax-Act-under-Section-154-of-Income-tax-Act-under-Section-154-Madras-HC-Madras-High-Court-Assessing-Officer-taxscan-1.jpg "Settlement Commission Order cannot be Rectified u/s 154 of Income Tax Act: Madras HC [Read Order]")
No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]
In a recent ruling of Delhi High Court the right of assessee to challenge reassessment was upheld allowing the writ petition of the petitioner.The petitioner, Banyan Real Estate Funds Mauritius filed...
![No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Assessment-Delhi-HC-Re-Assessment-Reopening-of-Income-Tax-Assessment-delhi-hc-about-income-tax-assessment-income-tax-news-delhi-hc-news-taxnews-taxscan.jpg "No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]")
ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]
In the recent case, the Cuttack bench of Income Tax Appellate Tribunal(ITAT) remanded the appeal by the assessee against the Commissioner Of Income Tax (Appelas)[CIT(A)]'s order after condoning a...
![ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Remands-ITAT-Cuttack-CITA-Evidence-Issues-Income-Tax-Appellate-Tribunal-ITAT-Commissioner-Of-Income-Tax-TAXSCAN.jpg "ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]")
Addition u/s 68 of Income Tax Act deleted on Establishment of Source of Income: Calcutta HC upholds ITAT’s Order [Read Order]
The Calcutta High Court concerning a case upheld the order of the Income Tax Appellate Tribunal ( ITAT ) which deleted the addition made under section 68 of the Income Tax Act, 1961 on establishment...
![Addition u/s 68 of Income Tax Act deleted on Establishment of Source of Income: Calcutta HC upholds ITAT’s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-Calcutta-High-Court-ITAT-Order-Income-Tax-Act-Taxscan.jpg "Addition u/s 68 of Income Tax Act deleted on Establishment of Source of Income: Calcutta HC upholds ITAT’s Order [Read Order]")
AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayer's claim before Invoking Income Tax Rule 8D: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) emphasized that the Assessing Officer (AO) must properly record satisfaction regarding the incorrectness of the taxpayer's claim...
![AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-AO-Income-Tax-Income-Tax-Rule-Assessing-Officer-Income-Tax-Appellate-Tribunal-taxpayer-taxpayers-claim-taxscan.webp "AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]")
Income Tax Appeal Filing Delayed by 4 Days due to Delay in Considering Rectification Application: Madras HC sets aside Order [Read Order]
In a recent ruling, the Madras High Court, while overturning the order, directed the income tax department to de-freeze the bank account. It condoned the delay of 4 days in filing appeal under Income...
![Income Tax Appeal Filing Delayed by 4 Days due to Delay in Considering Rectification Application: Madras HC sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Appeal-Filing-Filing-Delayed-Madras-High-Court-Rectification-Application-taxscan-1.jpg "Income Tax Appeal Filing Delayed by 4 Days due to Delay in Considering Rectification Application: Madras HC sets aside Order [Read Order]")
Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]
In a recent case, the Calcutta High Court set aside the order of the Income Tax Appellate Tribunal ( ITAT ) which affirms the Commissioner of Income Tax (Appeal)’s Order. It was found that the CIT(A)...
![Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-Order-Income-and-Profit-under-ITAT-CIT-income-estimation-failure-TAXSCAN.jpg "Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]")