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Old PAN used for Reopening Assessment: ITAT dismisses Revenue's Appeal citing cancellation of Old PAN duly Communicated [Read Order]

Franklin Joshva

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the revenue’s appeal against the reopening of assessment based on old pan...

CIT(A) Fails to Decide Co-operative Society’s Demonetization Cash Deposit Matter on Merits: ITAT...

ITAT upholds Disallowance on Bad Debts, limits Unrecovered Debtors' Balance to Rs.228.87 lakhs [Read...

ITAT Holds Assessee's Delay in Filing Audit Report as Reasonable, Allows Claim u/s 80IAC [Read...

ITAT Directs Deletion of Rs 28.57 Lakh Addition, Says AO Failed to Follow Due Process [Read Order]

Additional Income from Cash and Excess Stock to be Taxed as Business Income, Not Unexplained Investment u/s 69A: ITAT [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) ruled that additional income from excess cash and stock found during the search should be taxed as business income instead of unexplained...

ITAT Upholds Tax Exemption for Trust, Citing Consistency in Previous Assessments [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) Bangalore Bench dismissed the appeals filed by the Income Tax Department, ruling that the Commissioner of Income Tax (Appeals) CIT(A) correctly allowed tax...

Unexplained Income Addition of ₹5.78 Lakh: ITAT Orders AO to Delete Addition Based on Past Savings Explanation [Read Order]

The Lucknow Bench of Income Tax Appellate Tribunal(ITAT) directed the Assessing Officer (AO) to delete the unexplained income addition of ₹5.78 lakh made under Section 69A of Income Tax Act,1961...

Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that an agreement for the transfer of operations and movable assets cannot be grounds to deny exemption under sections 11 and 12...

Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has remanded a case involving the partnership firm, back to the Assessing Officer (AO) for a fresh examination. The...

Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]

The Jodhpur Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals) [CIT(A)]’s deletion of the addition of ₹13.87 crore under section 40(a)(ia) for delayed Tax...

ITAT remits case back to AO over Assessee's Silence & Lack of Compliance [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) Mumbai Bench, remitted a case back to the Assessing Officer ( AO ) for fresh consideration after the assessee failed to respond to...