![Share Capital and Member Deposits Wrongly Clubbed: ITAT Remands Matter Back to AO for De Novo Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095584-share-capital-member-deposits-itat-de-novo-verification-taxscan.webp "Share Capital and Member Deposits Wrongly Clubbed: ITAT Remands Matter Back to AO for De Novo Verification [Read Order]")
Share Capital and Member Deposits Wrongly Clubbed: ITAT Remands Matter Back to AO for De Novo Verification [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the case of Keezhuparamba Service Co-operative Bank Ltd. back to the...
![Mere Claim of Higher Gratuity Exemption Claim through Revised ITR Does Not Amount to Misreporting: ITAT deletes Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/10/11/250x150_2095645-gratuity-exemption-claim-itr-itat-penalty-taxscan.webp "Mere Claim of Higher Gratuity Exemption Claim through Revised ITR Does Not Amount to Misreporting: ITAT deletes Penalty [Read Order]")
![Shobha Builders Provide Self-Contained Flats, Expenses on Modular Kitchen, Wardrobes are Optional Luxuries: ITAT Narrows S. 54F Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/10/11/250x150_2095578-shobha-builders-self-contained-flats-modular-kitchen-wardrobes-taxscan-2.webp "Shobha Builders Provide Self-Contained Flats, Expenses on Modular Kitchen, Wardrobes are Optional Luxuries: ITAT Narrows S. 54F Deduction [Read Order]")
![Mandatory Filing of ITR within S. 139(1) Time Limit for Claiming Exemption u/s 11 Applicable Only From AY 2018-19, Not AY 2014-15: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/250x150_2095355-income-tax-return-itr-itr-filing-itr-filing-requirements-taxscan-1.webp "Mandatory Filing of ITR within S. 139(1) Time Limit for Claiming Exemption u/s 11 Applicable Only From AY 2018-19, Not AY 2014-15: ITAT [Read Order]")
![ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090385-income-tax-deduction-taxscan.webp "ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]")
Bright Line Test not Applicable for TP Adjustments on Jewellery, Textiles and Gift Exports: ITAT Remands Joy Alukkas’ Income Tax Case for Fresh Benchmarking [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench, directed the remand of transfer pricing adjustments relating to benchmarking of exports, treatment of Associated Enterprise, and...
![Bright Line Test not Applicable for TP Adjustments on Jewellery, Textiles and Gift Exports: ITAT Remands Joy Alukkas’ Income Tax Case for Fresh Benchmarking [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090373-benefits.webp "Bright Line Test not Applicable for TP Adjustments on Jewellery, Textiles and Gift Exports: ITAT Remands Joy Alukkas’ Income Tax Case for Fresh Benchmarking [Read Order]")
Disclosure of Additional Income in S. 153C Proceedings Does Not Automatically Prove Guilty of Concealment of Income: ITAT [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that disclosure of additional income in response to a notice issued under Section 153C of the Income Tax Act, 1961, cannot...
![Disclosure of Additional Income in S. 153C Proceedings Does Not Automatically Prove Guilty of Concealment of Income: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085758-concealment-income-taxscan.webp "Disclosure of Additional Income in S. 153C Proceedings Does Not Automatically Prove Guilty of Concealment of Income: ITAT [Read Order]")
Cash Withdrawal from NRE A/c of Son-in Law deposited during Demonetization Period Sufficiently Explained: ITAT deletes Addition of Rs. 12L [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) has provided major relief to an individual taxpayer by holding that cash deposits made during the demonetization period, sourced from ...
![Cash Withdrawal from NRE A/c of Son-in Law deposited during Demonetization Period Sufficiently Explained: ITAT deletes Addition of Rs. 12L [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/500x300_2084812-2064969-itat-itat-cash-deposits-during-demonetization-taxscan-1.webp "Cash Withdrawal from NRE A/c of Son-in Law deposited during Demonetization Period Sufficiently Explained: ITAT deletes Addition of Rs. 12L [Read Order]")
INR 25 Lakh Cash Contribution by Directors Treated as Unexplained: ITAT Sets Aside CIT(A) Order, Directs Fresh Hearing [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax (Appeals)[CIT(A)] order and directed a fresh hearing in the matter concerning an addition of INR...
![INR 25 Lakh Cash Contribution by Directors Treated as Unexplained: ITAT Sets Aside CIT(A) Order, Directs Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/09/05/500x300_2084152-cash-contribution-taxscan.webp "INR 25 Lakh Cash Contribution by Directors Treated as Unexplained: ITAT Sets Aside CIT(A) Order, Directs Fresh Hearing [Read Order]")
Section 269SS intended to curb Black Money, does not extend to Genuine Final Consideration: ITAT quashes ₹20 Lakh Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin Bench, has set aside a penalty of ₹20 lakh levied under Section 271D of the Income Tax Act, 1961, in a property transaction case, ruling that cash...
![Section 269SS intended to curb Black Money, does not extend to Genuine Final Consideration: ITAT quashes ₹20 Lakh Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/08/28/500x300_2081411-itat-delhi-penalty-taxpayer-itat-penalty-taxscan.webp "Section 269SS intended to curb Black Money, does not extend to Genuine Final Consideration: ITAT quashes ₹20 Lakh Penalty [Read Order]")
Chit Fund Company's Appeal Dismissed: ITAT Upholds 90% Disallowance for Lack of Evidence on Commission Payments [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin Bench has dismissed an appeal filed by a Thrissur-based chit fund company. The tribunal upheld the tax authorities' decision to disallow ninety percent...
![Chit Fund Companys Appeal Dismissed: ITAT Upholds 90% Disallowance for Lack of Evidence on Commission Payments [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078706-itat-lack-of-evidence-taxscan.webp "Chit Fund Companys Appeal Dismissed: ITAT Upholds 90% Disallowance for Lack of Evidence on Commission Payments [Read Order]")
Not Business Income, But Still Deductible; ITAT Sides with Kerala Co-op Bank, Quashes Tax Demand [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin Bench has quashed a tax demand levied on a primary agricultural credit co-operative society, holding that interest income it earned from a district...
![Not Business Income, But Still Deductible; ITAT Sides with Kerala Co-op Bank, Quashes Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078718-tax-demand-taxscan.webp "Not Business Income, But Still Deductible; ITAT Sides with Kerala Co-op Bank, Quashes Tax Demand [Read Order]")