![Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102318-iiecl-itat-profit-margin-taxable-restricts-bogus-taxscan.webp "Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]")
Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that only the profit margin was taxable and restricted the addition on ₹92.20...
![No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099391-no-disallowance-no-exempt-income-earned-itat-taxscan.webp "No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]")
![Share Premium from Earlier Year Not Taxable: ITAT Deletes ₹6.40 Lakh Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/250x150_2097801-share-premium-itat-taxscan.webp "Share Premium from Earlier Year Not Taxable: ITAT Deletes ₹6.40 Lakh Addition u/s 68 [Read Order]")
![Relief to Contractor: ITAT Deletes ₹12.44 Lakh Income Tax Addition u/s 68 on Cash Deposits, Recognises Receipts as Business Income from Construction Contracts [Read Order]](https://images.taxscan.in/h-upload/2025/10/05/250x150_2094011-relieftocontractor-itat-incometaxaddition-cashdeposits-receipts-businessincome-constructioncontracts-taxscanoptimized150.webp "Relief to Contractor: ITAT Deletes ₹12.44 Lakh Income Tax Addition u/s 68 on Cash Deposits, Recognises Receipts as Business Income from Construction Contracts [Read Order]")
![Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090909-itat-hero-cycles-ltd-income-tax-appeal-taxscan.webp "Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]")
Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]
The Meghalaya High Court directed the assessee to file the revised return rectifying the mistake made of recording sale proceeds in Capital Gain Deposit Scheme (CGDS) Account. The writ...
![Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077407-return-income-taxscan.webp "Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]")
Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to verify the taxpayer receipt and allow full credit where the Tax Deducted at Source (TDS) credit...
![Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076927-tds-form-26as-mismatch-itat-taxscan.webp "Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]")
Delay in Filing Appeal Due to Illiteracy and Email Issues: ITAT Condones 349-Day Delay, Restores Ex-Parte Assessment to AO for Verification [Read Order]
Ningaiah Siddu,The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 349-day delay in filing the appeal before the Commissioner of Income Tax (Appeals) [CIT(A)], attributing it...
![Delay in Filing Appeal Due to Illiteracy and Email Issues: ITAT Condones 349-Day Delay, Restores Ex-Parte Assessment to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072389-delay-filing-appeal-illiteracy-and-email-issues-itat-restores-ex-parte-assessment-taxscan.webp "Delay in Filing Appeal Due to Illiteracy and Email Issues: ITAT Condones 349-Day Delay, Restores Ex-Parte Assessment to AO for Verification [Read Order]")
Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the reassessment order and declared the reopening of the assessment for Assessment Year (AY) 2012-13 after 4 years with the...
![Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071302-reassessment-set-of-facts-available-original-assessment-legally-bad-itat-taxscan.webp "Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]")
![ITAT Rejects DVO Valuations, Ensures Equal Treatment Among Co-owners [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Equal-Treatment.jpg "ITAT Rejects DVO Valuations, Ensures Equal Treatment Among Co-owners [Read Order]")
Validity of Final Assessment Order Despite Pending DRP Objections: Delhi HC sets aside the Order [Read Order]
In the recent ruling, the High Court of Delhi, set aside the Final Assessment Order passed by the Assessing Officer (AO) for AY 2022-23, as the assessee's objections were still pending before the...
Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ), in the case of Shri Siddhanath Mahadev Temple, held that the temple trust is entitled to tax exemptions under Sections 11 and 12 of the...
![Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Inapplicability-12A1ba-Amendment-2017-18-AY-ITAT-Temple-Trust-Exemptions-taxscan.jpg "Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]")