Assessee Proves Absence from India: ITAT condones Delay in Appeal
The bench of the Income Tax Appellate Tribunal, Amritsar, condoned the delay in filing an appeal after the assessee established her absence from...
![AOs Incomplete Consideration of Member Categories Invalidates Disallowance: ITAT Remands Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096892-disallowance-itat-visakhapatnam-itat-remands-taxscan.webp "AOs Incomplete Consideration of Member Categories Invalidates Disallowance: ITAT Remands Matter [Read Order]")
![AOs Action Beyond Scope of Limited Scrutiny Invalid: ITAT Quashes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096906-scrutiny-invalid-itat-quashes-addition-taxscan.webp "AOs Action Beyond Scope of Limited Scrutiny Invalid: ITAT Quashes Addition [Read Order]")
![Ignored Evidence and Incorrect Loan Amount: ITAT Quashes ₹74 Lakh Unexplained Investment Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096887-itat-mumbai-unexplained-investment-addition.webp "Ignored Evidence and Incorrect Loan Amount: ITAT Quashes ₹74 Lakh Unexplained Investment Addition [Read Order]")
Purchase of Shares Accepted in Earlier AYs Cannot be Doubted Upon its Sale: ITAT Quashes ₹9.32 Cr Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that investments accepted as genuine in earlier scrutiny assessments cannot be doubted when the shares are subsequently sold and...
![Purchase of Shares Accepted in Earlier AYs Cannot be Doubted Upon its Sale: ITAT Quashes ₹9.32 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096851-itat-kolkata-section-68-unexplained-cash-credit-taxscan.webp "Purchase of Shares Accepted in Earlier AYs Cannot be Doubted Upon its Sale: ITAT Quashes ₹9.32 Cr Addition [Read Order]")
“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]
The Bench of the Income Tax Appellate Tribunal (ITAT), Chandigarh, held that a reassessment initiated on the basis of incorrect facts and without application of mind is invalid in law. The Tribunal...
![“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096839-itat-taxscan.webp "“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]")
Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Lucknow, has held that cash deposits made during the demonetisation period, which were duly recorded as cash sales in the assessee’s books of...
![Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096821-demonetisation-cash-deposits-itat-ncome-tax-act-taxscan.webp "Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]")
Rejection of 80G(5) Fund Approval: ITAT Restores Matter to CIT(E) Allowing Clause Correction Within Extended Filing Period [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the file of Commissioner of Income Tax (Exemption)[CIT(E)] in the case of rejection of 80G(5)fund approval under ...
![Rejection of 80G(5) Fund Approval: ITAT Restores Matter to CIT(E) Allowing Clause Correction Within Extended Filing Period [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096817-itat-mumbai-itat-fund-approval-taxscan.webp "Rejection of 80G(5) Fund Approval: ITAT Restores Matter to CIT(E) Allowing Clause Correction Within Extended Filing Period [Read Order]")
ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) recently upheld an estimation of 8% gross profit (GP) on unaccounted sales after noting that the assessee had failed to cooperate and...
![ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096792-gross-profit-estimation-taxscan.webp "ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]")
![Non-Prosecution not Grounds to Dismiss Income Tax Appeal: ITAT Quashes Ex-Parte CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096780-income-tax-appeal-itat-quashes-taxscan.webp "Non-Prosecution not Grounds to Dismiss Income Tax Appeal: ITAT Quashes Ex-Parte CIT(A) Order [Read Order]")
ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed an appeal, remanding the adjudication of an income tax addition of ₹3,25,00,000 under Section 68 of the Income Tax Act,...
![ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096781-double-taxation-taxscan.webp "ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]")