![CIT(A)s Order Lacks Detailed Reasoning on Cash Book Discrepancies: ITAT Remands Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/500x300_2045319-citas-cash-book-itat-taxscan.webp "CIT(A)s Order Lacks Detailed Reasoning on Cash Book Discrepancies: ITAT Remands Matter to AO [Read Order]")
CIT(A)'s Order Lacks Detailed Reasoning on Cash Book Discrepancies: ITAT Remands Matter to AO [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter concerning the addition of unexplained cash deposits under Section 68...
![Capital Gain Deduction u/s 54F of Income Tax Act cannot be allowed without holding Flats for a minimum period of 3 years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Capital-Gain-Deduction-54F-of-Income-Tax-Act-allowed-without-holding-Flats-for-a-minimum-ITAT-TAXSCAN.jpg "Capital Gain Deduction u/s 54F of Income Tax Act cannot be allowed without holding Flats for a minimum period of 3 years: ITAT [Read Order]")
![Penalty u/s 271AAC is not Applicable, if Tax u/s 115BBE of Income Tax Act is NIL: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Tax-Income-Tax-Act-ITAT-directs-Readjudication-ITAT-ITAT-Readjudication-Taxscan.jpg "Penalty u/s 271AAC is not Applicable, if Tax u/s 115BBE of Income Tax Act is NIL: ITAT directs Readjudication [Read Order]")
![No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Income-Tax-Act-Reasonable-Cause-for-not-getting-Audited-ITAT-Taxscan.jpg "No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT [Read Order]")
![ITAT dismisses Appeal on Lapse of more than 2 years to Substitute Name of Legal Heirs for Deceased Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Appeal-Substitute-Name-of-Legal-Heirs-for-Deceased-Assessee-TAXSCAN.jpg "ITAT dismisses Appeal on Lapse of more than 2 years to Substitute Name of Legal Heirs for Deceased Assessee [Read Order]")
Income Addition on Unexplained Expenditure is valid When Assessee fails to Explain the Source of Expenditure: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that income Addition on unexplained Expenditure is valid when assessee fails to explain the source of expenditure Shri...
![Income Addition on Unexplained Expenditure is valid When Assessee fails to Explain the Source of Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Addition-on-Unexplained-Expenditure-is-valid-When-Assessee-fails-to-Explain-the-Source-of-Expenditure-ITAT-TAXSCAN.jpg "Income Addition on Unexplained Expenditure is valid When Assessee fails to Explain the Source of Expenditure: ITAT [Read Order]")
Income Tax Addition u/s 68 not valid when assessee does not maintain any Books of Account: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Income Tax Addition under section 68 of the Income Tax Act,1961 is not valid when the assessee does not maintain any...
![Income Tax Addition u/s 68 not valid when assessee does not maintain any Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-assessee-maintain-Books-Account-ITAT-TAXSCAN.jpg "Income Tax Addition u/s 68 not valid when assessee does not maintain any Books of Account: ITAT [Read Order]")
![Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Unabsorbed-depreciation-income-from-other-sources-ITAT-taxscan.jpg "Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]")
International Transaction of Information Technology Enabled Services can be calculated under Arm’s Length: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) comprising of Shri R K Panda, AM and Shri Yogesh Kumar U S, JM has held that international transactions of Information Technology...
![International Transaction of Information Technology Enabled Services can be calculated under Arm’s Length: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/International-transaction-Information-Technology-Services-Arms-Length-ITAT-taxscan.jpg "International Transaction of Information Technology Enabled Services can be calculated under Arm’s Length: ITAT [Read Order]")
Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amendments to sections 43B and 36(1)(va) of the Income Tax Act, 1961 cannot have retrospective effect since the...
![Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Act-Retrospective-Effect-Liability-Assessee-ITAT-taxscan.jpg "Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]")
Revisional Authority shall conduct Inquiry If Reason for Invoking S. 263 was that AO did not undertake any Enquiry: ITAT [Read Order]
The ITAT, Delhi bench has held that if the Revisional authority is of the view that the AO did not undertake any enquiry, it becomes incumbent on the Revisional Authority to conduct such enquiry to...
![Revisional Authority shall conduct Inquiry If Reason for Invoking S. 263 was that AO did not undertake any Enquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revisional-Authority-Inquiry-section-263-Assessing-officer-Enquiry-ITAT-Taxscan.jpg "Revisional Authority shall conduct Inquiry If Reason for Invoking S. 263 was that AO did not undertake any Enquiry: ITAT [Read Order]")
Re-Assessment solely based on Information from Investigation Wing is Invalid without Independent Inquiry by AO: ITAT [Read Order]
The Delhi bench of the ITAT comprising Shri R. K. Panda, Accountant Member and Shri N. K. Choudhry, Judicial Member has held that the re-assessment under section 147 and 148 of the Income Tax Act,...
![Re-Assessment solely based on Information from Investigation Wing is Invalid without Independent Inquiry by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Re-Assessment-Information-Investigation-Wing-Independent-Inquiry-Assessing-Officer-ITAT-Taxscan.jpeg "Re-Assessment solely based on Information from Investigation Wing is Invalid without Independent Inquiry by AO: ITAT [Read Order]")