![Loan Not Utilised for Business Purposes: ITAT upholds PCITs Decision Directing AO to Verify Exemption u/s 14A [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050053-itat-kolkata-income-tax-act-tax-news-increases-in-short-term-loans-taxscan.webp "Loan Not Utilised for Business Purposes: ITAT upholds PCITs Decision Directing AO to Verify Exemption u/s 14A [Read Order]")
Loan Not Utilised for Business Purposes: ITAT upholds PCIT's Decision Directing AO to Verify Exemption u/s 14A [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Principal Commissioner of Income Tax (PCIT) and confirmed...
![Delay In Filing Income Tax Appeal Due to Auditors Death: ITAT Condones 338 Days of Educational Institution [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2050050-delay-in-filing-income-tax-appeal-filing-income-tax-appeal-income-tax-appeal-taxscan.webp "Delay In Filing Income Tax Appeal Due to Auditors Death: ITAT Condones 338 Days of Educational Institution [Read Order]")
![CIT(A) Sustains Additions without Considering Virtual Hearing Request: ITAT Remands Matter for fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2050042-itat-itat-roundup-weeklyrounup-taxscan-4.webp "CIT(A) Sustains Additions without Considering Virtual Hearing Request: ITAT Remands Matter for fresh Adjudication [Read Order]")
![Relief for IMA Kerala: ITAT Holds Revision u/s 263 Unjustified as AO Took Plausible View on Utilisation of Accumulated Surplus [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/IMA-Kerala-ITAT-Relief-for-IMA-Kerala-Taxscan.jpg "Relief for IMA Kerala: ITAT Holds Revision u/s 263 Unjustified as AO Took Plausible View on Utilisation of Accumulated Surplus [Read Order]")
![Disallowance of Construction Cost for Lack of Documentary Evidence: ITAT Restricts Addition to Rs. 10 Lakh and Deletes Cost of Improvement [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Disallowance-Documentary-Evidence-ITAT-Taxscan.jpg "Disallowance of Construction Cost for Lack of Documentary Evidence: ITAT Restricts Addition to Rs. 10 Lakh and Deletes Cost of Improvement [Read Order]")
Relief to Skyline Builders: ITAT Allows Deduction u/s 80IB(10), Holds Firm as Builder/Developer, Not Works Contractor [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Skyline Builders by allowing deduction under section 80IB(10) of Income Tax Act,1961, holding that the firm acted as a...
![Relief to Skyline Builders: ITAT Allows Deduction u/s 80IB(10), Holds Firm as Builder/Developer, Not Works Contractor [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Relief-to-Skyline-Builders-ITAT-Allows-Deduction-us-80IB10-BuilderDeveloper-Works-Contractor-taxscan.jpg "Relief to Skyline Builders: ITAT Allows Deduction u/s 80IB(10), Holds Firm as Builder/Developer, Not Works Contractor [Read Order]")
ITAT Deletes ₹6.55 Lakh Disallowance u/s 40A(3) as Payments Were Related to Capital Assets, not Revenue Expenses [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal (ITAT) deleted a disallowance of ₹6.55 lakh under section 40A(3) of Income Tax Act,1961, holding that the cash payments were made for capital assets...
![ITAT Deletes ₹6.55 Lakh Disallowance u/s 40A(3) as Payments Were Related to Capital Assets, not Revenue Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Deletes-Disallowance-Payments-Related-Capital-Assets-Revenue-Expenses-taxscan.jpg "ITAT Deletes ₹6.55 Lakh Disallowance u/s 40A(3) as Payments Were Related to Capital Assets, not Revenue Expenses [Read Order]")
Non-Consideration of Key Documents by AO and CIT(A): ITAT Restores Matter to AO for Fresh Adjudication [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal(ITAT)restored the matter to the Assessing Officer for fresh adjudication after finding that key documents submitted by the assessee, including...
![Non-Consideration of Key Documents by AO and CIT(A): ITAT Restores Matter to AO for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Documents-CITA-taxscan.jpg "Non-Consideration of Key Documents by AO and CIT(A): ITAT Restores Matter to AO for Fresh Adjudication [Read Order]")
Inadequate Opportunity of hearing: ITAT restores addition due to Delayed ITR filing matter for fresh adjudication [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter to the CIT(A) for fresh adjudication, holding that the assessee was not afforded sufficient opportunity of hearing in...
![Inadequate Opportunity of hearing: ITAT restores addition due to Delayed ITR filing matter for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Cochin-ITR-filing-ITAT-restores-ITR-addition-TAXSCAN.webp "Inadequate Opportunity of hearing: ITAT restores addition due to Delayed ITR filing matter for fresh adjudication [Read Order]")
Trust Charging Fees Alone Does Not Attract Proviso to S. 2(15): ITAT Remands S. 11 Exemption Denial Matter for Fresh Consideration [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal (ITAT) remanded Section 11 matter for fresh adjudication holding that trust charging fees alone does not attract provision to Section 2(15) of the...
![Trust Charging Fees Alone Does Not Attract Proviso to S. 2(15): ITAT Remands S. 11 Exemption Denial Matter for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Exemption-Income-Tax-Return-ITAT-TAXSCAN.jpg.webp "Trust Charging Fees Alone Does Not Attract Proviso to S. 2(15): ITAT Remands S. 11 Exemption Denial Matter for Fresh Consideration [Read Order]")
Grounds Not Arising from Subject Matter of CIT(A)'s Order Not Maintainable: ITAT dismisses Appeal [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal holding that grounds of appeal not arising from subject matter of order of the Commissioner of Income Tax (Appeals)...
![Grounds Not Arising from Subject Matter of CIT(A)s Order Not Maintainable: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/appeal-CITA-taxscan.jpg "Grounds Not Arising from Subject Matter of CIT(A)s Order Not Maintainable: ITAT dismisses Appeal [Read Order]")
Cause of Delay should be Considered rather than Length of Delay for Condonation: ITAT Remands 44AB Penalty Issue for Reconsideration [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) remanded section 44AB Penalty issue for reconsideration holding that cause of delay should be considered rather than length of delay for...
![Cause of Delay should be Considered rather than Length of Delay for Condonation: ITAT Remands 44AB Penalty Issue for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Condones-Delay-ITAT-TAXSCAN.jpg "Cause of Delay should be Considered rather than Length of Delay for Condonation: ITAT Remands 44AB Penalty Issue for Reconsideration [Read Order]")