![ITAT Orders Fresh Probe into ₹3.17 Crore Cash Deposits in Egg Trade [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2093071-itat-orders-cash-deposits-egg-trade-taxscan.webp "ITAT Orders Fresh Probe into ₹3.17 Crore Cash Deposits in Egg Trade [Read Order]")
ITAT Orders Fresh Probe into ₹3.17 Crore Cash Deposits in Egg Trade [Read Order]
Thebench of the Income Tax Appellate Tribunal, Mumbai , has set aside an appeal involving unexplained cash deposits and remanded the matter back to...
![Time-Barred Income Tax Notice u/s 148 over Investment Scheme: ITAT quashes Reassessment [Read Order ]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2093063-income-tax-notice-reassessment-taxscan.webp "Time-Barred Income Tax Notice u/s 148 over Investment Scheme: ITAT quashes Reassessment [Read Order ]")
![Alleged Shell Company Transactions: ITAT deletes ₹15 Lakh Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2093043-itat-itat-roundup-weeklyrounup-taxscan-1.webp "Alleged Shell Company Transactions: ITAT deletes ₹15 Lakh Addition u/s 68 [Read Order]")
Penalty Paid to Third Parties for Breach of Contract Not Hit by Explanation u/s 37(1): ITAT Deletes ₹34.71 Lakh Disallowance [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) held that the penalty paid to third parties for breach of contract does not come under the explanation of Sec 37(1). ITAT deleted the...
![Penalty Paid to Third Parties for Breach of Contract Not Hit by Explanation u/s 37(1): ITAT Deletes ₹34.71 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2093008-2061821-penalty-hc-taxscan.webp "Penalty Paid to Third Parties for Breach of Contract Not Hit by Explanation u/s 37(1): ITAT Deletes ₹34.71 Lakh Disallowance [Read Order]")
AO Erred in Disallowing ₹1.89 Cr Penalty & Other Expenses: ITAT remands ₹73.26 Lakh UIL Penny-Stock Loss for Fresh Examination [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) held that the AO erred in disallowing ₹1.89 Cr penalty and other expenses. The bench remanded ₹73.26 Lakh UIL penny-stock loss for fresh...
![AO Erred in Disallowing ₹1.89 Cr Penalty & Other Expenses: ITAT remands ₹73.26 Lakh UIL Penny-Stock Loss for Fresh Examination [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2093002-ao-penalty-itat-uil-penny-stock-taxscan.webp "AO Erred in Disallowing ₹1.89 Cr Penalty & Other Expenses: ITAT remands ₹73.26 Lakh UIL Penny-Stock Loss for Fresh Examination [Read Order]")
Mere Audit Report Omission of Transaction alone Cannot Support Addition when Books are Proper and AO Fails to Prove Undisclosed Source: ITAT Deletes Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that mere omission of a transaction in the Tax Audit Report cannot justify an addition when the assessee’s books of account are...
![Mere Audit Report Omission of Transaction alone Cannot Support Addition when Books are Proper and AO Fails to Prove Undisclosed Source: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2092984-audit-reports-omission-taxscan.webp "Mere Audit Report Omission of Transaction alone Cannot Support Addition when Books are Proper and AO Fails to Prove Undisclosed Source: ITAT Deletes Addition [Read Order]")
Revenue Wrongly Treated Assessee’s Immovable Property Sale as Purchase: ITAT Deletes Addition, Criticises AO and CIT(A) [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has strongly criticised the Assessing Officer and Commissioner of Income Tax (Appeals) [CIT(A)] for erroneously treating an assessee’s...
![Revenue Wrongly Treated Assessee’s Immovable Property Sale as Purchase: ITAT Deletes Addition, Criticises AO and CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2092958-property-sale-purchase-itat-taxscan.webp "Revenue Wrongly Treated Assessee’s Immovable Property Sale as Purchase: ITAT Deletes Addition, Criticises AO and CIT(A) [Read Order]")
Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]
In a recent ruling, the Calcutta High Court held that interest under Section 244A of the Income Tax Act is not automatically payable on refunds ordered by the court unless the court specifically...
![Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2092951-income-tax-refund-interest.webp "Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]")
Advance Tax Liability arises Only with Taxable Income, Not Otherwise: ITAT remands Matter to CIT(A) [Read Order]
The Agra bench of Income Tax Appellate Tribunal (ITAT) remanded the matter to CIT(A) based on the ruling that liability under Section 249(4)(b) depends on the assessee’s own Income, not assessed...
![Advance Tax Liability arises Only with Taxable Income, Not Otherwise: ITAT remands Matter to CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2092948-advance-tax-liability-taxscan.webp "Advance Tax Liability arises Only with Taxable Income, Not Otherwise: ITAT remands Matter to CIT(A) [Read Order]")
Absence of PAN Alone Doesn’t Make Sales Unexplained if RTO Records Prove Transfer: ITAT Deletes Addition u/s. 68 [Read Order]
TheIncome Tax Appellate Tribunal (ITAT), Mumbai bench has set aside an addition under Section 68 of the Income Tax Act, 1961, related to the sale of old cars. The bench ruled that proper transfer of...
![Absence of PAN Alone Doesn’t Make Sales Unexplained if RTO Records Prove Transfer: ITAT Deletes Addition u/s. 68 [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092785-itat-directs-ao-itat-taxscan.webp "Absence of PAN Alone Doesn’t Make Sales Unexplained if RTO Records Prove Transfer: ITAT Deletes Addition u/s. 68 [Read Order]")