![ITAT Quashes PCIT’s Revision; Cancellation of Land Deal Meant No Taxable Cash Income [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094649-itat-quashes-pcit-land-deal-cash-income-taxscan.webp "ITAT Quashes PCIT’s Revision; Cancellation of Land Deal Meant No Taxable Cash Income [Read Order]")
ITAT Quashes PCIT’s Revision; Cancellation of Land Deal Meant No Taxable Cash Income [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal has set aside the revision order passed by the Principal Commissioner of Income Tax ...
![Relief to LIC Mutual Fund: ITAT Sets Aside PCITs Section 263 Order for Non-speaking Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094279-lic-taxscan.webp "Relief to LIC Mutual Fund: ITAT Sets Aside PCITs Section 263 Order for Non-speaking Order [Read Order]")
![Relief to Zydus Head Diabetologist: ITAT quashes Revision u/s 263 on Income Tax Deduction for Political Donation, says AO Conducted Due Enquiry [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/250x150_2092379-zydus-healthcare-income-tax-demand-taxscan.webp "Relief to Zydus Head Diabetologist: ITAT quashes Revision u/s 263 on Income Tax Deduction for Political Donation, says AO Conducted Due Enquiry [Read Order]")
![Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090826-maxxis-rubber-itat-pcit-taxscan.webp "Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]")
![Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090135-foreign-currency-derivative-losses-business-expenditure-taxscan.webp "Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]")
Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, set aside the order of the Principal Commissioner of Income Tax (Pr. CIT) passed under Section 263 of theIncome Tax Act, 1961, holding that the...
![Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086235-genuineness-share-capital-share-capital-received-itat-itat-upholds-cita-decision-cita-deletes-addition-taxscan.webp "Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]")
Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Asianet Satellite Communications Ltd., allowing deduction of interest on delayed statutory payments, including Tax ...
![Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078218-asianet-itat-taxscan.webp "Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]")
![S. 14A Disallowance Not Applicable Without Exempt Income: ITAT quashes Revision Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/12/500x300_2076006-disallowance-disallowance-not-applicable-taxscan.webp "S. 14A Disallowance Not Applicable Without Exempt Income: ITAT quashes Revision Order [Read Order]")
Disallowance of Agricultural Income in Revisionary Proceedings: ITAT Deletes Addition, Confirms 88.62 Acres under Cultivation Including Eucalyptus Trees [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of agricultural income in revisionary proceedings under Section 263 of the Income Tax Act, 1961, and ruled that...
![Disallowance of Agricultural Income in Revisionary Proceedings: ITAT Deletes Addition, Confirms 88.62 Acres under Cultivation Including Eucalyptus Trees [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070921-itat-cuttack-agricultural-income-revisionary-proceedings-taxscan.webp "Disallowance of Agricultural Income in Revisionary Proceedings: ITAT Deletes Addition, Confirms 88.62 Acres under Cultivation Including Eucalyptus Trees [Read Order]")
CIT’s Order to Recompute Tamil Nadu Cements’ Set-Off Valid as Method Used Was Faulty: Madras HC [Read Order]
In a recent ruling, the Madras High Court upheld the CIT’s direction to the Assessing Officer to recompute Tamil Nadu Cements Corporation’s set-off of past losses and depreciation, holding that the...
![CIT’s Order to Recompute Tamil Nadu Cements’ Set-Off Valid as Method Used Was Faulty: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059220-cits-order-cits-order-for-tamil-nadu-cements-taxscan.webp "CIT’s Order to Recompute Tamil Nadu Cements’ Set-Off Valid as Method Used Was Faulty: Madras HC [Read Order]")
![ITAT Weekly Round-Up [ June 26th - July 5th ]](https://images.taxscan.in/h-upload/2025/07/05/500x300_2059516-itat-weekly-round-up-weekly-round-up-round-up-itat-weekly-round-up-for-june-taxscan.webp "ITAT Weekly Round-Up [ June 26th - July 5th ]")
No Error in AO’s Order, Interest Deduction u/s 24(b) on Property Loan Valid: ITAT overturns PCIT’s Order [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act,...
![No Error in AO’s Order, Interest Deduction u/s 24(b) on Property Loan Valid: ITAT overturns PCIT’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/500x300_2055200-no-error-in-aos-order-aos-order-interest-deduction-deduction-property-loan-taxscan.webp "No Error in AO’s Order, Interest Deduction u/s 24(b) on Property Loan Valid: ITAT overturns PCIT’s Order [Read Order]")