Sandhra Suresh
Complete Case Digest on NCLT Rulings under IBC - Part 2
"IBC code" most commonly refers to India's Insolvency and Bankruptcy Code,2016, an act that consolidates and amends laws for the time-bound...
![No Addition Made w.r.t. Loans u/s 68 of Income Tax Act: ITAT deletes Disallowance of Interest Claim [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097103-disallowance-income-tax-act-interest-claim-taxscan.webp "No Addition Made w.r.t. Loans u/s 68 of Income Tax Act: ITAT deletes Disallowance of Interest Claim [Read Order]")
![Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097116-reassessment-taxscan.webp "Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]")
![Inadequate Inquiry into Loan Repayment renders Assessment Erroneous: ITAT upholds Revision [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/250x150_2096672-inadequate-inquiry-loan-repayment-assessment-erroneous-itat-revision-taxscan.webp "Inadequate Inquiry into Loan Repayment renders Assessment Erroneous: ITAT upholds Revision [Read Order]")
Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) remitted a matter relating to the disallowance of Rs. 49.31 lakh depreciation under Section 32 on an apartment under passive use for...
![Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096632-disallowance-of-depreciation-on-apartment-depreciation-on-apartment-taxscan.webp "Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]")
Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal remitted a matter of disallowance of incremental rent paid under Section 40(2)(b) to the related party for documentary verification. The...
![Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096664-incremental-paid-disallowed-excess-us-40a2b-itat-documentary-verification-taxscan.webp "Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]")
Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) restricted bogus purchase allowance to 25% on the ground that there was real expenditure on the goods received even though the invoices...
![Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096646-real-expenditure-goods-received-despite-invoices-itat-bogus-purchases-disallowance-taxscan.webp "Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]")
Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) deleted a 3.31 crore addition on the ground that the difference between the stamp duty and the purchase consideration on the flat was within...
![Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096575-stamp-duty-value-itat-income-tax-addition-taxscan.webp "Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]")
![Bogus Loan Entry: ITAT upholds Reopening under Revised Section 147 [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096579-bogus-loan.webp "Bogus Loan Entry: ITAT upholds Reopening under Revised Section 147 [Read Order]")
Reassessment on Demonetization Cash Deposits already Examined in Original Assessment Held Void ab Initio: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that reconsideration of demonetisation period cash deposits already examined in the original assessment during the reassessment is ...
![Reassessment on Demonetization Cash Deposits already Examined in Original Assessment Held Void ab Initio: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095383-cash-deposit-demonetization-itat-addition-cbdt-guidelines-taxscan.webp "Reassessment on Demonetization Cash Deposits already Examined in Original Assessment Held Void ab Initio: ITAT [Read Order]")