![Disallowance of Transport Expenses Due to Lack of Evidence: ITAT Directs AO to Estimate Income at 8% u/s 44AD [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101929-disallowance-transport-expenses-itat-ao-taxscan.webp "Disallowance of Transport Expenses Due to Lack of Evidence: ITAT Directs AO to Estimate Income at 8% u/s 44AD [Read Order]")
Disallowance of Transport Expenses Due to Lack of Evidence: ITAT Directs AO to Estimate Income at 8% u/s 44AD [Read Order]
The Chandigarh Bench of Income Tax AppellateTribunal ( ITAT ) directed the Assessing Officer (AO) to estimate income at 8% of total transport...
![Limited Scrutiny Assessment: ITAT Deletes Rs. 8.68 Lakh Presumptive Income Addition u/s 44AD, Holding AO Exceeded Jurisdiction [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2099034-scrutiny-taxscan.webp "Limited Scrutiny Assessment: ITAT Deletes Rs. 8.68 Lakh Presumptive Income Addition u/s 44AD, Holding AO Exceeded Jurisdiction [Read Order]")
![Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could Not Substantiate Turnover Beyond Returns [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/250x150_2082133-cash-deposits-building-material-business-itat-taxscan.webp "Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could Not Substantiate Turnover Beyond Returns [Read Order]")
![Re-Deposited Cash from Withdrawals Not Turnover: ITAT quashes Rs. 33.7 Lakh Income Addition [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2050031-re-deposited-cash-1.webp "Re-Deposited Cash from Withdrawals Not Turnover: ITAT quashes Rs. 33.7 Lakh Income Addition [Read Order]")
MSMEs under Mutual Credit Guarantee Scheme can avail 60% Guarantee for Credit Facility upto ₹100 Crore
Minister of State for Finance, Pankaj Chadhary on Tuesday, 18 March 2025, apprised the Rajya Sabha of the launch of the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) which enables eligible...
![New Income Tax Bill: Know Major Changes in Tax Audit Applicability [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/New-Income-Tax-Bill-Income-Tax-Bill-Changes-in-Tax-Audit-Income-Tax-TAXSCAN.jpg "New Income Tax Bill: Know Major Changes in Tax Audit Applicability [Read Bill]")
Declaration of Income as Less than that made in Survey under Presumptive Scheme u/s 44D: ITAT deletes Addition [Read Order]
In a recent decision, the Income Tax Appellate Tribunal (ITAT), Mumbai bench deleted the addition made for declaration of income less than that made in the survey proceedings by the director of a...
![Declaration of Income as Less than that made in Survey under Presumptive Scheme u/s 44D: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Declaration-of-Income-Survey-under-Presumptive-Scheme-Presumptive-Scheme-section-44D-Presumptive-Scheme-ITAT-ITAT-deletes-Addition-taxscan.jpg "Declaration of Income as Less than that made in Survey under Presumptive Scheme u/s 44D: ITAT deletes Addition [Read Order]")
ITAT Orders Fresh Hearing by CIT(A) in Rs. 1.65 Crore Cash Deposit Case on Grounds of Non-Compliance [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)ordered a fresh hearing by the Commissioner of Income Tax(Appeals)[CIT(A)] in the Rs. 1.65 crore cash deposit case on grounds of...
![ITAT Orders Fresh Hearing by CIT(A) in Rs. 1.65 Crore Cash Deposit Case on Grounds of Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Non-compliance-Cash-Deposit-case-Taxscan.jpg "ITAT Orders Fresh Hearing by CIT(A) in Rs. 1.65 Crore Cash Deposit Case on Grounds of Non-Compliance [Read Order]")
ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the entire bank credit of the assessee should be treated as business receipts for income estimation under Section 44AD of the...
![ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Section-44AD-Income-Tax-Act-bank-credits-as-business-receipts-taxscan.jpg "ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]")
Taxpayer Avails Assessment u/s 44 AD without maintaining Regular Day Books of Account: ITAT dismisses appeal [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Delhi, dismissed the taxpayer's appeal after they claimed assessment under section 44AD without maintaining day-to-day regular books...
![Taxpayer Avails Assessment u/s 44 AD without maintaining Regular Day Books of Account: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Day-to-day-regular-books-of-account-Taxpayer-Appeal-Regular-books-of-account-taxscan.jpg "Taxpayer Avails Assessment u/s 44 AD without maintaining Regular Day Books of Account: ITAT dismisses appeal [Read Order]")