![ITAT Grants Relief to Trust: Rules Against Excessive Surcharge Imposition by Centralized Processing Centre [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/trust-.jpg "ITAT Grants Relief to Trust: Rules Against Excessive Surcharge Imposition by Centralized Processing Centre [Read Order]")
ITAT Grants Relief to Trust: Rules Against Excessive Surcharge Imposition by Centralized Processing Centre [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently ruled in favour of a trust in a dispute over applying an income tax...
![ITAT upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-CITA-Order-CITA-Income-Tax-Past-Agricultural-Purchases-Commissioner-of-Income-Tax-taxscan.jpg "ITAT upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross Profit [Read Order]")
![ITAT Deletes AOs Excess Stock Addition based on Misinterpretation of Finished Goods Accounting System and Unsubstantiated Sales Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Excess-stock-arisen-normal-business-income-business-stock-ITAT-TAXSCAN-1536x806-1.jpg "ITAT Deletes AOs Excess Stock Addition based on Misinterpretation of Finished Goods Accounting System and Unsubstantiated Sales Evidence [Read Order]")
![Payments on Transactional Charges not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/097164cd-1ac6-4369-a337-9642d092d668.jpg "Payments on Transactional Charges not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]")
![Delay in finalizing late objection: ITAT directs AO to finalize assessment order u/S 144C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Delay-finalizing-late-objection-ITAT-AO-finalize-assessment-Income-Tax-Act-taxscan.jpg "Delay in finalizing late objection: ITAT directs AO to finalize assessment order u/S 144C of Income Tax Act [Read Order]")
Proceeding u/s 263 can't be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Principal Commissioner of Income Tax (PCIT) while granting relief to NTPC and held that the proceeding under...
![Proceeding u/s 263 cant be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Proceeding-Income-received-Fly-Ash-Cenosphere-ITAT-NTPC-Order-TAXSCAN.jpg "Proceeding u/s 263 cant be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]")
Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made under Section 56 of the Income Tax Act, 1961 and held that the interest income generated on funds owned by the...
![Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Interest-Income-GOI-Interest-Income-Generated-on-funds-Owned-by-GOI-ITAT-deletes-Addition-ITAT-Income-Tax-Act-taxscan.jpg "Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]")
![No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-Tax-Deducted-at-Source-Consultant-Doctors-Retainer-Doctors-payment-made-to-Consultant-Doctors.jpg "No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]")
ITAT deletes Disallowance made toward Rental Expenses Incurred for Property taken on Rent for Business Purpose [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, deleted the disallowance made towards the rental expenses incurred for a property taken on rent for business purposes. The assessee, U &...
![ITAT deletes Disallowance made toward Rental Expenses Incurred for Property taken on Rent for Business Purpose [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Disallowance-toward-Rental-Expenses-Incurred-for-Property-Rent-for-Business-Purpose-TAXSCAN.jpg "ITAT deletes Disallowance made toward Rental Expenses Incurred for Property taken on Rent for Business Purpose [Read Order]")
Rental Income received from letting out property is taxable under head “Income from House Property": ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that rental income received from letting out property is taxable under the head "Income from house property." Therefore, the bench allowed a...
![Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Rental-Income-received-from-letting-out-property-is-taxable-Income-from-House-Property-ITAT-allows-deduction-Income-Tax-Act-TAXSCAN.jpg "Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]")
ITAT deletes Disallowance u/s 40A(2)(B) upon Estimated Income from Sub-Contract of Joint Venture [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance under Section 40A(2)(B) of the Income Tax Act 1961, upon estimated income from subcontract of joint venture The...
![ITAT deletes Disallowance u/s 40A(2)(B) upon Estimated Income from Sub-Contract of Joint Venture [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Disallowance-Estimated-Income-Sub-Contract-of-Joint-Venture-Joint-Venture-Income-Tax-Act-Income-Tax-ITAT-TAXSCAN.jpg "ITAT deletes Disallowance u/s 40A(2)(B) upon Estimated Income from Sub-Contract of Joint Venture [Read Order]")
Gifts received in shape of cash “Shaguns” on various occasions like Marriages, Birthdays, Anniversaries kept in Locker shall not be treated as Unexplained Money u/s 69A of Income Tax Act: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that gifts received in the form of cash shaguns on various occasions, such as marriages, birthdays, and anniversaries, kept in a locker,...
