![Brokerage Addition of ₹20.30 Lakh by Relying on Rough Jottings Without Corroborative Evidence Unsustainable: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094640-brokerage-addition-corroborative-evidence-itat-taxscan.webp "Brokerage Addition of ₹20.30 Lakh by Relying on Rough Jottings Without Corroborative Evidence Unsustainable: ITAT [Read Order]")
Brokerage Addition of ₹20.30 Lakh by Relying on Rough Jottings Without Corroborative Evidence Unsustainable: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 20,30,000/- on account of alleged unaccounted brokerage...
![Approval u/s 35(1)(ii) For Donees trust Expired: ITAT Upholds ₹26.25 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/250x150_2094647-itat-upholds-disallowance-approval-taxscan.webp "Approval u/s 35(1)(ii) For Donees trust Expired: ITAT Upholds ₹26.25 Lakh Disallowance [Read Order]")
![Discrepancy Between Purchase Price and Stamp Duty Value of Land u/s 56(2)(x): ITAT Directs AO to Reconsider Using DVO Valuation [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/250x150_2094605-stamp-duty-value-of-land-itat-dvo-valuation-taxscan.webp "Discrepancy Between Purchase Price and Stamp Duty Value of Land u/s 56(2)(x): ITAT Directs AO to Reconsider Using DVO Valuation [Read Order]")
![Rs 9.30 Lakh Disallowed Due to Clerical Error in Tax Audit Report: ITAT Allows Appeal and Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/250x150_2094600-disallowed-due-clerical-error-in-tax-audit-report-tax-audit-report-taxscan.webp "Rs 9.30 Lakh Disallowed Due to Clerical Error in Tax Audit Report: ITAT Allows Appeal and Deletes Addition [Read Order]")
![Commission Income of Cooperative Society u/s 80P: ITAT Allows Withdrawal of Revenue Appeal as Tax Effect Below Prescribed Limit [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/250x150_2094558-itat-itat-kolkata-income-tax-income-tax-appellate-tribunal-cooperative-society-taxscan.webp "Commission Income of Cooperative Society u/s 80P: ITAT Allows Withdrawal of Revenue Appeal as Tax Effect Below Prescribed Limit [Read Order]")
Deduction u/s 54F Cannot be Denied for Non-Deposit of Sale Proceeds Before Filing Return: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT) held that deduction under Section 54F of Income Tax Act,1961, cannot not be denied solely for non-deposit of unutilized sale proceeds...
![Deduction u/s 54F Cannot be Denied for Non-Deposit of Sale Proceeds Before Filing Return: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094547-income-tax-income-tax-deductions.webp "Deduction u/s 54F Cannot be Denied for Non-Deposit of Sale Proceeds Before Filing Return: ITAT [Read Order]")
AO Treats ₹36.8L from Share Sale as Bogus as Exemption u/s 10(38) : ITAT Upholds CIT(A)’s Deletion, Rules Sale Genuine [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]’s deletion of an addition where the Assessing Officer (AO) had treated ₹36,85,075...
![AO Treats ₹36.8L from Share Sale as Bogus as Exemption u/s 10(38) : ITAT Upholds CIT(A)’s Deletion, Rules Sale Genuine [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094546-share-sale-taxscan.webp "AO Treats ₹36.8L from Share Sale as Bogus as Exemption u/s 10(38) : ITAT Upholds CIT(A)’s Deletion, Rules Sale Genuine [Read Order]")
Mandatory PAN & Aadhaar Verification in Property Transactions Likely Soon as Income Tax Dept. Tracks Fake PANs in Property Deals [Read Order]
In a bid to tighten compliance and curb tax evasion in the real estate sector, the Income Tax Department is planning to mandate e-verification of Permanent Account Number (PAN) and Aadhaar details...
![Mandatory PAN & Aadhaar Verification in Property Transactions Likely Soon as Income Tax Dept. Tracks Fake PANs in Property Deals [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094613-pan-aadhaar-verification-property-transactions-mandatory-pan-aadhaar-verification-taxscan.webp "Mandatory PAN & Aadhaar Verification in Property Transactions Likely Soon as Income Tax Dept. Tracks Fake PANs in Property Deals [Read Order]")
Relief for Titan: ITAT Deletes Rs. 63.18 Crore Transfer Pricing Adjustment, Accepts Product-Mix and Segmental Margin Analysis [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT) granted relief to Titan by deleting a Rs. 63.18 crore transfer pricing adjustment, accepting the appellant’s product-mix and segmental...
![Relief for Titan: ITAT Deletes Rs. 63.18 Crore Transfer Pricing Adjustment, Accepts Product-Mix and Segmental Margin Analysis [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094551-titan-itat-taxscan.webp "Relief for Titan: ITAT Deletes Rs. 63.18 Crore Transfer Pricing Adjustment, Accepts Product-Mix and Segmental Margin Analysis [Read Order]")
AO rejects Deduction u/s 10AA due to Delaying filing Form 56F: ITAT rules Forms are Directory, cannot take away Rights [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad bench has dismissed the Revenue’s appeal against the allowance of deduction under Section 10AA of the Income-tax Act, 1961 which was rejected...
![AO rejects Deduction u/s 10AA due to Delaying filing Form 56F: ITAT rules Forms are Directory, cannot take away Rights [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094531-itat-itat-ahmedabad-itat-grants-full-deduction-cooperative-bank-tax-relief-tax-relief-for-cooperative-banks-taxscan.webp "AO rejects Deduction u/s 10AA due to Delaying filing Form 56F: ITAT rules Forms are Directory, cannot take away Rights [Read Order]")
POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has clarified that execution of a Power of Attorney (POA) does not, by itself, constitute a “transfer” of immovable property within...
![POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094529-capital-gain-taxscan.webp "POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]")
Non-Mention of Agents’ Names on Bills Not Sufficient to Disallow Commission: ITAT Deletes ₹20.4 Lakh Addition [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the absence of agents’ names on bills alone cannot justify disallowance of commission or brokerage expenditure,...
![Non-Mention of Agents’ Names on Bills Not Sufficient to Disallow Commission: ITAT Deletes ₹20.4 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094538-commission.webp "Non-Mention of Agents’ Names on Bills Not Sufficient to Disallow Commission: ITAT Deletes ₹20.4 Lakh Addition [Read Order]")