![Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076390-2044201-mechanical-itat-assessment-application-of-mind-taxscan.webp "Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]")
Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has invalidated assessment proceedings initiated under Section153C of the Income Tax...
![Disallowance of Delayed Employee ESI and PF Contributions: ITAT Condones Delay and Remits Matter to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076399-pf-esi-contribution-taxscan.webp "Disallowance of Delayed Employee ESI and PF Contributions: ITAT Condones Delay and Remits Matter to AO for Verification [Read Order]")
![Erroneous Double Addition of ₹13.32 Lakh in Income Computation: ITAT Directs AO to Correct and Recompute Taxable Income [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076398-tat-itat-rajkot-income-computation-error-cita-ao-taxscan.webp "Erroneous Double Addition of ₹13.32 Lakh in Income Computation: ITAT Directs AO to Correct and Recompute Taxable Income [Read Order]")
![Relief for PNB: ITAT Deletes TDS Demand for AY 2016-17 After Accepting Complete Forms 15G/15H [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076389-forms-pnb-itat-taxscan.webp "Relief for PNB: ITAT Deletes TDS Demand for AY 2016-17 After Accepting Complete Forms 15G/15H [Read Order]")
![TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076396-tds-credit-tds-credit-allowable-to-person-in-whose-hands-income-taxscan.webp "TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]")
ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the use of extrapolated data for comparables with a different financial year-end in an ITeS transfer pricing dispute involving ...
![ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076448-itat-mumbai-goldman-sachs-itat-case.webp "ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]")
Cash Deposit of ₹1.91 Cr Addition Quashed: ITAT Rules Sales Substantiated by Audited Books, VAT Returns, and Stock Records [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an addition of Rs. 1.91 crore made under Section 68 read with Section 115BBE and held that the cash deposits during the ...
![Cash Deposit of ₹1.91 Cr Addition Quashed: ITAT Rules Sales Substantiated by Audited Books, VAT Returns, and Stock Records [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076353-cash-deposit-addition-quashed-itat-rule-sales-audited-books-vat-returns-taxscan.webp "Cash Deposit of ₹1.91 Cr Addition Quashed: ITAT Rules Sales Substantiated by Audited Books, VAT Returns, and Stock Records [Read Order]")
Setback for South Indian Bank: ITAT Rules AO Cannot Exceed Scope of S.263 Revision While Passing Consequential Assessment Order [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by South Indian Bank Ltd., holding that the Assessing Officer (AO) cannot go beyond the scope of the revision ...
![Setback for South Indian Bank: ITAT Rules AO Cannot Exceed Scope of S.263 Revision While Passing Consequential Assessment Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076377-south-indian-bank-itat-consequential-assessment-order-taxscan.webp "Setback for South Indian Bank: ITAT Rules AO Cannot Exceed Scope of S.263 Revision While Passing Consequential Assessment Order [Read Order]")
Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Goldman Sachs by deleting a ₹19.8 lakh transfer pricing adjustment under section 92CA of Income Tax Act,1961 as margins...
![Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076361-goldman-sachs-taxscan.webp "Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]")
Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter for fresh adjudication and directed the CIT(A) to verify the assessee’s claims regarding the sale consideration...
![Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076364-capital-gain-addition-taxscan.webp "Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]")
![Reassessment based on Incorrect Facts not Valid: ITAT Quashes Notice u/s 148 [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076365-itat-quashes-reassessment-itat-taxscan.webp "Reassessment based on Incorrect Facts not Valid: ITAT Quashes Notice u/s 148 [Read Order]")
Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the addition of ₹68.07 lakh as unexplained investment under Section 69 of the Income Tax Act, 1961, was justified due to the...
![Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076357-unexplained-investment-taxscan.webp "Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]")