![Scrap Dealer Wins Rs. 6.77 Cr Tax Battle as ITAT Accepts Bank Reconciliation, Rejects Depts Mechanical Approach [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095149-scrap-dealers-taxscan.webp "Scrap Dealer Wins Rs. 6.77 Cr Tax Battle as ITAT Accepts Bank Reconciliation, Rejects Depts Mechanical Approach [Read Order]")
Scrap Dealer Wins Rs. 6.77 Cr Tax Battle as ITAT Accepts Bank Reconciliation, Rejects Dept's 'Mechanical' Approach [Read Order]
The Agra Bench of the Income Tax Appellate Tribunal (ITAT) dismissed a revenue appeal and upheld the deletion of an addition of Rs. 6.77 crore made...
![ITAT Restores ₹7.73 Lakh Cash Deposit Addition to verify if Old Pan Deposits were Included in ITR Filed with New Pan [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/250x150_2095083-cash-deposit-taxscan.webp "ITAT Restores ₹7.73 Lakh Cash Deposit Addition to verify if Old Pan Deposits were Included in ITR Filed with New Pan [Read Order]")
![Cash Deposits Linked to Wife’s Agricultural Land Sale Beyond 8 Km of Municipality, Assessee Claims Not Taxable: ITAT Orders De Novo Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/250x150_2093804-cash-deposits-wifes-agricultural-land-taxscan.webp "Cash Deposits Linked to Wife’s Agricultural Land Sale Beyond 8 Km of Municipality, Assessee Claims Not Taxable: ITAT Orders De Novo Adjudication [Read Order]")
![Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057448-cite-notices.webp "Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]")
![Loss on Abandoned Real Estate Project Allowable as Revenue Deduction: ITAT Overturns ₹64.72 Cr Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/250x150_2056923-real-estate-project-taxscan.webp "Loss on Abandoned Real Estate Project Allowable as Revenue Deduction: ITAT Overturns ₹64.72 Cr Disallowance [Read Order]")
Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the profit of business undertaking in proportion of export turnover to total turnover would be eligible for deduction under...
![Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/58bfc8d2-c4b6-44f0-b028-075b10fc79f3.jpg "Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]")
Claim as Residential House having no Basic Amenities for Habitation is invalid: ITAT upholds Disallowance u/s 54 of Income Tax Act [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) found that the claim of a residential house having no basic amenities for habitation is invalid and upheld the disallowance under...
![Claim as Residential House having no Basic Amenities for Habitation is invalid: ITAT upholds Disallowance u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-act-tax-news-Residential-houses-TAT-disallowance-TAXSCAN.jpg "Claim as Residential House having no Basic Amenities for Habitation is invalid: ITAT upholds Disallowance u/s 54 of Income Tax Act [Read Order]")
ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act, Citing No Inaccurate Income Particulars or Deliberate Concealment [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1) (c) of the Income Tax Act, 1961 concluding there was no furnishing of inaccurate particulars of...
![ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act, Citing No Inaccurate Income Particulars or Deliberate Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Deletes-Penalty-Income-tax-penalty-tax-updates-taxscan.jpg "ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act, Citing No Inaccurate Income Particulars or Deliberate Concealment [Read Order]")
Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Hindustan Times by allowing expenditure incurred on paintings, deeming it essential for creating a conducive...
![Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Hindustan-Times-Business-expenditure-on-art-Tax-relief-for-art-acquisition-Hindustan-Times-painting-expenditure-Taxscan-1.jpg "Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]")
ITAT allows Deduction claimed u/s 80IA of Act on Account of Profit derived as per Agreement with DIAL [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) allowed deduction claimed under Section 80IA of the Income Tax Act, 1961 on account of profit derived as per the agreement with Delhi...
![ITAT allows Deduction claimed u/s 80IA of Act on Account of Profit derived as per Agreement with DIAL [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Delhi-ITAT-Income-Tax-Delhi-International-Airport-Limited-80IA-Deduction-DIAL-Agreement-Taxscan.jpg "ITAT allows Deduction claimed u/s 80IA of Act on Account of Profit derived as per Agreement with DIAL [Read Order]")
![ITAT Annual Digest [Part-28]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Part-28.jpg "ITAT Annual Digest [Part-28]")
![No investment made outside books of Accounts: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-investment-investment-books-of-Accounts-ITAT-Income-Tax-Addition-taxscan.jpg "No investment made outside books of Accounts: ITAT deletes Income Tax Addition [Read Order]")