![Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090909-itat-hero-cycles-ltd-income-tax-appeal-taxscan.webp "Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]")
Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, considered the appeal of an assessee regarding its own disallowance under Section 14A of...
![70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090538-itat-rajkot-demonetization-cash-cbdt-taxscan.webp "70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]")
![Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090826-maxxis-rubber-itat-pcit-taxscan.webp "Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]")
![Clerical Error in Asset Balances Leads to Increased Capital Gain: ITAT Condones Delay and Restores Matter to CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090546-balances-leads-capital-gain-itat-taxscan.webp "Clerical Error in Asset Balances Leads to Increased Capital Gain: ITAT Condones Delay and Restores Matter to CIT(A) [Read Order]")
![Relief for BMW: ITAT sets aside Final Assessment Order as Time-Barred u/s 144C(13) for Delay in Giving Effect to DRP Directions [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090919-bmw-taxscan.webp "Relief for BMW: ITAT sets aside Final Assessment Order as Time-Barred u/s 144C(13) for Delay in Giving Effect to DRP Directions [Read Order]")
No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]
In a recent ruling, the Supreme Court has refused to interfere with the Gujarat HighCourt’s decision confirming the decision that no fresh income tax claims or reassessment proceedings can be ...
![No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2091001-supreme-court-income-tax-reassessment-taxcsan.webp "No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]")
Entire Business Expenses Disallowed Despite Active Painting Business: ITAT Restricts Disallowance to 20%, Partly Allowing Appeal [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal and restricted the disallowance to 20% in a case where entire business expenses were disallowed despite the...
![Entire Business Expenses Disallowed Despite Active Painting Business: ITAT Restricts Disallowance to 20%, Partly Allowing Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090531-business-expenses-itat-disallowance-taxscan.webp "Entire Business Expenses Disallowed Despite Active Painting Business: ITAT Restricts Disallowance to 20%, Partly Allowing Appeal [Read Order]")
Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]
The Kerala High Court has held that deduction under Section 54F of the Income TaxAct, 1961 can be allowed when assessee substantiate her intention to repay the borrowed funds with the capital gains....
![Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090960-capital-gains-deduction-income-tax-act-taxscan.webp "Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]")
No Income Tax Notices received due to Inactive Email & Covid issues, Order Passed Ex parte: ITAT remands 6 Appeals for Fresh Adjudication [Read Order]
The Indore bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded six appeals for fresh adjudication as the assessee failed to receive income tax notices due to COVID-19 constraints and ...
![No Income Tax Notices received due to Inactive Email & Covid issues, Order Passed Ex parte: ITAT remands 6 Appeals for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090774-fresh-adjudication-taxscan.webp "No Income Tax Notices received due to Inactive Email & Covid issues, Order Passed Ex parte: ITAT remands 6 Appeals for Fresh Adjudication [Read Order]")
Rs. 80 lakh Cash Payment for Flat Treated as Unexplained Investment: ITAT Upholds CIT(A) Deletion as No Payment or Allotment Exists [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax( Appeals) [CIT(A)] deletion of Rs. 80 lakh treated as unexplained income for a flat, as no payment ...
![Rs. 80 lakh Cash Payment for Flat Treated as Unexplained Investment: ITAT Upholds CIT(A) Deletion as No Payment or Allotment Exists [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090527-cash-payment-unexplained-investment-itat-upholds-taxscan.webp "Rs. 80 lakh Cash Payment for Flat Treated as Unexplained Investment: ITAT Upholds CIT(A) Deletion as No Payment or Allotment Exists [Read Order]")
JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh, ruled that execution of a Joint Development Agreement (JDA) does not amount to a transfer under Section 2(47) of the Income Tax Act, 1961, thereby...
![JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090478-capital-gains-addition.webp "JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]")
Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh, condoned a delay of 38 days in filing an appeal, ruling that the appellant’s explanation of the order being misplaced in the spam folder of his...
![Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090470-itat-chandigarh-income-tax-filing-income-tax-appeal-taxscan.webp "Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]")