![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]")
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 ...
![Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070917-bogus-purchase-addition-taxscan.webp "Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]")
![Conditions For Donees U/s 80G Satisfied: ITAT Allows Deduction of CSR Donations [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/250x150_2062969-csr-donations-taxscan.webp "Conditions For Donees U/s 80G Satisfied: ITAT Allows Deduction of CSR Donations [Read Order]")
![Only 3 Out of 26 Gold Transactions Found Bogus: ITAT Orders Re-computation Based on Gross Profit Margin [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2050015-gold-transactions-bogus-taxscan.webp "Only 3 Out of 26 Gold Transactions Found Bogus: ITAT Orders Re-computation Based on Gross Profit Margin [Read Order]")
‘May Impress a Math Student, Not Income Tax Proceedings’: ITAT Deletes AO’s ₹5.39 Cr Addition Based on Two Days’ Bills [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) in Mumbai has strongly condemned the estimation method used by the Income Tax Department, rejecting a ₹5.39 crore addition made by the Assessing Officer...
![‘May Impress a Math Student, Not Income Tax Proceedings’: ITAT Deletes AO’s ₹5.39 Cr Addition Based on Two Days’ Bills [Read Order]](https://images.taxscan.in/h-upload/2025/06/17/500x300_2049433-income-tax-proceedings-itat-income-tax-taxscan.webp "‘May Impress a Math Student, Not Income Tax Proceedings’: ITAT Deletes AO’s ₹5.39 Cr Addition Based on Two Days’ Bills [Read Order]")
Trust Registration Denied Over Object Clause Allowing Overseas Fund Use: ITAT Orders Reconsideration After Proposed Amendment [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter concerning the denial of trust registration under Section 12AB of the Income Tax Act, 1961, after finding that the...
![Trust Registration Denied Over Object Clause Allowing Overseas Fund Use: ITAT Orders Reconsideration After Proposed Amendment [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/500x300_2041328-trust-registration-denied-object-allowing-overseas-fund-use-itat-reconsideration-proposed-amendment-taxscan.webp "Trust Registration Denied Over Object Clause Allowing Overseas Fund Use: ITAT Orders Reconsideration After Proposed Amendment [Read Order]")
Win for WOW Entertainment: ITAT Deletes ₹1.44 Cr S.68 Addition Over Denial of Cross-Examination and Proven Loan Genuineness [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled in favor of WOW Entertainment and Media Private Limited, deleting a ₹1.44 crore addition under Section 68 of Income Tax Act,1961 over...
![Win for WOW Entertainment: ITAT Deletes ₹1.44 Cr S.68 Addition Over Denial of Cross-Examination and Proven Loan Genuineness [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-WOW-Entertainment-income-tax-case-TAXSCAN.jpg "Win for WOW Entertainment: ITAT Deletes ₹1.44 Cr S.68 Addition Over Denial of Cross-Examination and Proven Loan Genuineness [Read Order]")
ITAT Allows Bad Debt Write-Off w/o Proof of Irrevocability, Protects Legitimate Transactions [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that writing off bad debt in the books is enough for deduction, without the need to prove irrecoverability. ...
![ITAT Allows Bad Debt Write-Off w/o Proof of Irrevocability, Protects Legitimate Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-Bad-Debt-bad-debt-write-off-case-TAXSCAN.jpg "ITAT Allows Bad Debt Write-Off w/o Proof of Irrevocability, Protects Legitimate Transactions [Read Order]")
![ITAT Strikes Down Reassessment based on Borrowed Satisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Strikes-Down-Reassessment-Borrowed-Satisfaction-taxscan.jpg "ITAT Strikes Down Reassessment based on Borrowed Satisfaction [Read Order]")
ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that pre-ownership fit-out expenses incurred for making a bare-shell flat habitable qualifies to be a cost of improvement for...
![ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Pre-Possession-Fit-Out-Expenses-Capital-Gains-Pre-Possession-Fit-Out-Expenses-itat-mumbai-taxscan.jpg "ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]")
Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai recently ruled that the depreciation claimed by the concerned Assesee under Section 32 of the Income Tax Act, 1961 may only be permissible if the...
![Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-from-Other-Sources.jpg "Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]")