![ITAT deletes addition made towards Cash Deposit in Bank Account without considering source of cash from PG Income [Read More]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-deletes-addition-towards-Cash-Deposit-Bank-Account-considering-source-cash-PG-Income-taxscan.jpg "ITAT deletes addition made towards Cash Deposit in Bank Account without considering source of cash from PG Income [Read More]")
ITAT deletes addition made towards Cash Deposit in Bank Account without considering source of cash from PG Income [Read More]
The Income Tax Appellate Tribunal (ITAT ) Ahmedabad bench deleted the addition made towards the cash deposit in the bank account of assessee without...
![Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Govt-Received-Lieu-FRP-Reduced-Cost-Capital-Assets-ITAT-TAXSCAN.jpg "Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]")
![Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Escapement-Of-Income-not-Reflected-and-Material-Facts-truly-and-Fully-discussed-time-of-Original-Assessment-ITAT-Reopening-TAXSCAN.jpg "Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]")
![Weighted Deduction can be Claimed on DSIRs Quantification of Amount Incurred by it on in-House research & Development Facility: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Weighted-Deduction-claimed-on-DSIRs-quantification-of-amount-incurred-in-house-research-development-facility-ITAT-deletes-Addition-TAXSCAN.jpg "Weighted Deduction can be Claimed on DSIRs Quantification of Amount Incurred by it on in-House research & Development Facility: ITAT Deletes Addition [Read Order]")
![Mere Change of Opinion by AO cant be a Reason to Reopen Assessment Proceeding u/s 147 of Assessment Proceeding: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-Change-of-Opinion-Reason-to-Reopen-Assessment-Proceeding-Income-Tax-Act-ITAT-TAXSCAN.jpg "Mere Change of Opinion by AO cant be a Reason to Reopen Assessment Proceeding u/s 147 of Assessment Proceeding: ITAT [Read Order]")
![Section 269ST Applies to Undisclosed Income Declared During Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Applies-to-Undisclosed-Income-Declared-During-Survey-ITAT-TAXSCAN.jpg "Section 269ST Applies to Undisclosed Income Declared During Survey: ITAT [Read Order]")
Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order: ITAT upholds Revision order [Read Order]
The Rajkot bench of Income Tax Appellate Tribunal (ITAT) upheld the revision order of the Principal Commissioner of Income Tax (PCIT), holding the non-invocation of Section 115BBE of the Income Tax...
![Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order: ITAT upholds Revision order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-Invocation-of-Section-115-BBE-of-Income-Tax-Act-on-the-addition-made-on-account-of-unexplained-sundry-creditors-is-an-error-in-assessment-order-ITAT-upholds-Revision-order-TAXSCAN.jpg "Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order: ITAT upholds Revision order [Read Order]")
Deduction u/s 11 of Income Tax Act shall not be denied, if Audit Report filed along with Return of Income is available in during assessment proceedings: ITAT upholds Order of CIT(A) [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that deduction under Section 11 of Income Tax Act, 1961 should not be denied, if an audit report filed along with return of income is...
![Deduction u/s 11 of Income Tax Act shall not be denied, if Audit Report filed along with Return of Income is available in during assessment proceedings: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-Income-Tax-Act-denied-Audit-Report-Return-Income-available-assessment-proceedings-ITAT-TAXSCAN.jpg "Deduction u/s 11 of Income Tax Act shall not be denied, if Audit Report filed along with Return of Income is available in during assessment proceedings: ITAT upholds Order of CIT(A) [Read Order]")
No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that no disallowances under Section 14A of the Income Tax Act, 1961 shall be made in the absence of any exempt income. The...
![No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Income-Tax-Act-Absence-Exempt-Income-ITAT-TAXSCA.jpeg "No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]")
Mistake of Tax Auditor using Incorrect Words in Tax Audit Report towards Purchase of Granules: ITAT quashes Revision Order against Firm [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench while quashing the revision order passed by the Principal Commissioner of Income-Tax assessment order held that the same was not erroneous but...
![Mistake of Tax Auditor using Incorrect Words in Tax Audit Report towards Purchase of Granules: ITAT quashes Revision Order against Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mistake-of-Tax-Auditor-using-Incorrect-Words-Tax-Audit-Report-towards-Purchase-of-Granules-ITAT-quashes-Revision-Order-Firm-TAXSCAN.jpg "Mistake of Tax Auditor using Incorrect Words in Tax Audit Report towards Purchase of Granules: ITAT quashes Revision Order against Firm [Read Order]")
Income from Sale of land assessable under Capital Gains and not Business Income: ITAT allows Deduction u/s 54 of income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside the order of Principal Commissioner of Income-Tax (PCIT) and allowed tax deduction under Section 54 of Income Tax Act for income...
![Income from Sale of land assessable under Capital Gains and not Business Income: ITAT allows Deduction u/s 54 of income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-sale-land-assessable-Capital-gains-business-Income-ITAT-deduction-income-Tax-Act-TAXSCAN.jpg "Income from Sale of land assessable under Capital Gains and not Business Income: ITAT allows Deduction u/s 54 of income Tax Act [Read Order]")
Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench while directing to examine previous year assessment regarding capital gain exemption held that deduction under Section 54 of Income Tax Act,...
![Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-Income-Tax-Act-Capital-Gain-Taxable-Current-Assessment-ITAT-taxscan.jpg "Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y [Read Order]")