![Income Tax Annual Digest 2024: ITAT Cases [Part 23]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Income-Tax-Annual-Digest-2024-Income-Tax-Digest-2024-TAXSCAN-1.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 23]")
Income Tax Annual Digest 2024: ITAT Cases [Part 23]
This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported...
![Disallowance of Set-Off of Brought Forward Losses u/s 72(3): ITAT allows Relief Based on BIFR Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-BIFR-scheme-Income-Tax-assessment-TAXSCAN.jpg "Disallowance of Set-Off of Brought Forward Losses u/s 72(3): ITAT allows Relief Based on BIFR Scheme [Read Order]")
![Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Grants-Allowance-ITAT-Grants-Allowance-taxscan.jpg "Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]")
![CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order]")
![Unexplained Cash Deposits of Rs.32 Lakhs: ITAT Reduces Addition Due to Incorrect Bank Deposit Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN-1.jpg "Unexplained Cash Deposits of Rs.32 Lakhs: ITAT Reduces Addition Due to Incorrect Bank Deposit Amount [Read Order]")
S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed all the grounds filed by the assessee and held that the order passed under Section 263 of the Income Tax...
![S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-News-section-263-Taxscan.jpg "S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]")
Tax Exemptions Claimed in Vivad Se Vishwas Scheme cannot be Re-agitated u/s 263 w/out New Facts: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad while adjudicating an Income Tax Appeal observed that tax exemptions claimed by means of the Vivad Se Vishwas ( VSV ) Scheme may not be...
![Tax Exemptions Claimed in Vivad Se Vishwas Scheme cannot be Re-agitated u/s 263 w/out New Facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-Vivad-Se-Vishwas-scheme-TAXSCAN.jpg "Tax Exemptions Claimed in Vivad Se Vishwas Scheme cannot be Re-agitated u/s 263 w/out New Facts: ITAT [Read Order]")
ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) criticized the Principal Commissioner of Income Tax ( PCIT ) for disallowing Rs. 4.18 crores as interest on unutilized government...
![ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Criticizes-PCIT-Interest-on-Unutilized-Govt-Grants-Interest-Unutilized-Govt-Grants-taxscan.jpg "ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]")
ITAT Sets Aside CIT(A) Order for Failure to Provide Fair Hearing, Remands for Fresh Adjudication [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order passed by the Commissioner of Income Tax(Appeals)[CIT(A)], due to failure to provide a fair hearing to the assessee...
![ITAT Sets Aside CIT(A) Order for Failure to Provide Fair Hearing, Remands for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-TAXSCAN.jpeg "ITAT Sets Aside CIT(A) Order for Failure to Provide Fair Hearing, Remands for Fresh Adjudication [Read Order]")
ITAT Sets Aside Ex-Parte Order u/s 143(3) of Income Tax Act, Grants Assessee Another Chance Due to Non-Receipt of Hearing Notices [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside an ex-parte order passed by the Commissioner of Income Tax(Appeals) regarding an assessment order under section 143(3) of...
![ITAT Sets Aside Ex-Parte Order u/s 143(3) of Income Tax Act, Grants Assessee Another Chance Due to Non-Receipt of Hearing Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-Act-TAXSCAN-1.jpeg "ITAT Sets Aside Ex-Parte Order u/s 143(3) of Income Tax Act, Grants Assessee Another Chance Due to Non-Receipt of Hearing Notices [Read Order]")
![ITAT Sets Aside Ex-Parte Order, Remands Case to CIT(A) for Fresh Hearing u/s 251 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/itat-1.jpg "ITAT Sets Aside Ex-Parte Order, Remands Case to CIT(A) for Fresh Hearing u/s 251 [Read Order]")
ITAT Upholds Gujarat Gas Ltd.'s Deduction for Stamp Duty Provision u/s 35DD, citing Full Payment of Duty [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld Gujarat Gas Ltd.'s deduction for stamp duty provision under Section 35DD, ruling that the full payment of stamp duty in two...
![ITAT Upholds Gujarat Gas Ltd.s Deduction for Stamp Duty Provision u/s 35DD, citing Full Payment of Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Upholds-Gujarat-Gas-Ltd.-Gujarat-Gas-Ltd.-Deduction-for-Stamp-Duty-Stamp-Duty-taxscan.jpg "ITAT Upholds Gujarat Gas Ltd.s Deduction for Stamp Duty Provision u/s 35DD, citing Full Payment of Duty [Read Order]")