![Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102318-iiecl-itat-profit-margin-taxable-restricts-bogus-taxscan.webp "Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]")
Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that only the profit margin was taxable and restricted the addition on ₹92.20...
![Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102287-tax-audit-itat-itat-deletes-addition-applicable-when-turnover-taxscan.webp "Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]")
![Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102313-unexplained-cash-deposits-co-op-credit-society-itat-taxscan.webp "Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]")
![Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102300-funds-declared-settlement-proceedings-unexplained-loans-delhi-hc-revenue-appeal-income-tax-case-taxscan.webp "Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]")
Reassessment Notice beyond 3 years Requires Mandatory Approval from PCCIT: ITAT Quashes Notice against Barclays [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal of the Revenue and upheld the order of the Commissioner of Income Tax (Appeals) ( CIT(A) ) which had quashed the...
![Reassessment Notice beyond 3 years Requires Mandatory Approval from PCCIT: ITAT Quashes Notice against Barclays [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102288-itat-mumbai-reassessment-notice-itat-quashes-taxscan.webp "Reassessment Notice beyond 3 years Requires Mandatory Approval from PCCIT: ITAT Quashes Notice against Barclays [Read Order]")
Late ESI Contribution Deposited Before ITR Due Date: ITAT Upholds Deletion of Disallowance [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) confirmed the deletion of an addition made under Section 36(1)(va) read with Section 2(24)(x) of the Income Tax Act, 1961 (the Act) for ...
![Late ESI Contribution Deposited Before ITR Due Date: ITAT Upholds Deletion of Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102213-itat-jaipur-esi-itat-upholds-disallowance-taxscan.webp "Late ESI Contribution Deposited Before ITR Due Date: ITAT Upholds Deletion of Disallowance [Read Order]")
ITAT Upholds ITR of Aishwarya Rai Bachchan, Deletes ₹4.11 Crore Disallowance u/s 14A [Read Order]
The Income‑Tax Appellate Tribunal, Mumbai Bench (ITAT) has dismissed the Revenue’s appeal against Aishwarya Rai Bachchan in her income‑tax dispute for the assessment year 2022‑23. The tribunal...
![ITAT Upholds ITR of Aishwarya Rai Bachchan, Deletes ₹4.11 Crore Disallowance u/s 14A [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102268-itat-itr-aishwarya-rai-bachchan-disallowance-taxscan.webp "ITAT Upholds ITR of Aishwarya Rai Bachchan, Deletes ₹4.11 Crore Disallowance u/s 14A [Read Order]")
TDS Mismatch on Commission Income Compared to Form 26AS: ITAT Upholds Deletion of ₹2.16 Crore Addition citing Audited Books [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) confirmed the deletion of an addition of ₹2,16,27,822 made under Section 69A of the Income Tax Act, 196 due to a mismatch between the ...
![TDS Mismatch on Commission Income Compared to Form 26AS: ITAT Upholds Deletion of ₹2.16 Crore Addition citing Audited Books [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102169-tds-commission-income-form-26as-taxscan.webp "TDS Mismatch on Commission Income Compared to Form 26AS: ITAT Upholds Deletion of ₹2.16 Crore Addition citing Audited Books [Read Order]")
No Defect in Books Found: ITAT Upholds Deletion of Ad-Hoc 5% Disallowance on Various Business Expenses [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) confirmed the deletion of an ad-hoc disallowance of 5% of various business expenses made under Section 37(1) of the Income Tax Act, 1961....
![No Defect in Books Found: ITAT Upholds Deletion of Ad-Hoc 5% Disallowance on Various Business Expenses [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102187-itat-disallowance-business-expenses-various-business-expenses-no-defect-in-books-found-taxscan.webp "No Defect in Books Found: ITAT Upholds Deletion of Ad-Hoc 5% Disallowance on Various Business Expenses [Read Order]")
Ordinary Dunnage is Revenue Expenditure: ITAT Follows Earlier Rulings to Delete ₹1.11 Cr Addition for Central Warehousing Corporation [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of the Central Warehousing Corporation (CWC), holding that expenditure incurred on ordinary dunnage used in...
![Ordinary Dunnage is Revenue Expenditure: ITAT Follows Earlier Rulings to Delete ₹1.11 Cr Addition for Central Warehousing Corporation [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2102067-ordinary-dunnage-revenue-expenditure-itat-central-warehousing-corporation-taxscan.webp "Ordinary Dunnage is Revenue Expenditure: ITAT Follows Earlier Rulings to Delete ₹1.11 Cr Addition for Central Warehousing Corporation [Read Order]")
Sale Advance Refunded Taxed as Unexplained Income: Madras HC stays Recovery for 90 Days, allows time to File Income tax Appeal [Read Order]
The Madras High Court, granted interim relief by staying recovery proceedings for 90 days in respect of an income tax demand raised against the petitioner, who had been assessed on a sum treated as...
![Sale Advance Refunded Taxed as Unexplained Income: Madras HC stays Recovery for 90 Days, allows time to File Income tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102154-unexplained-income-sale-advance-refund-madras-hc-income-tax-appeal-taxscan.webp "Sale Advance Refunded Taxed as Unexplained Income: Madras HC stays Recovery for 90 Days, allows time to File Income tax Appeal [Read Order]")