Incomplete Analysis of ₹2.17 Cr Unsecured Loan: ITAT Directs to Verify Documents [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has remitted the issue of a Rs. 2.17 crore addition under Section 68 of the Income Tax...
![Expenditure Incurred on Leasehold Premises Satisfies Test of Ownership: ITAT Upholds Depreciation Deduction as Capital Expenditure [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065722-itat-itat-upholds-rd-expenses-capital-expenditure-citing-consistency-with-prior-years-citing-consistency-taxscan.webp "Expenditure Incurred on Leasehold Premises Satisfies Test of Ownership: ITAT Upholds Depreciation Deduction as Capital Expenditure [Read Order]")
![Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2065012-disallowance-of-business-expenses-disallowance-itat-taxscan.webp "Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]")
Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the assessment for bypassing Section 153C procedure, where an addition of Rs. 46.87 lakhs was made based on documents seized...
![Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064928-seized-documents-taxscan.webp "Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]")
80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architect's Completion Certificate [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter to the Assessing Officer (AO) for fresh adjudication of a deduction claim of Rs. 1,73,68,000 under Section ...
![80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architects Completion Certificate [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064912-deduction-itat-taxscan.webp "80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architects Completion Certificate [Read Order]")
Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted additions under Sections 68 and 69C in a case involving penny stock transactions and held that the shares of Splash Media were ...
![Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064911-site-img18-2.webp "Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]")
Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 58,50,000 made under Section 69A of the Income Tax Act, 1961, as unexplained money and held that the provision...
![Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/17/500x300_2064555-unexplained-money-taxscan.webp "Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]")
Delhi HC Directs Refund of ₹15 Lakh With 4% Interest as Re-Credit Not Permissible Under Abolished Scheme [Read Order]
The High Court of Delhi, directed the refund of ₹15 lakh with 4% simple interest, holding that re-credit of the amount to the petitioner’s license was not permissible under the abolished re-credit ...
![Delhi HC Directs Refund of ₹15 Lakh With 4% Interest as Re-Credit Not Permissible Under Abolished Scheme [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064253-refund-delhihc-taxscan.webp "Delhi HC Directs Refund of ₹15 Lakh With 4% Interest as Re-Credit Not Permissible Under Abolished Scheme [Read Order]")
Non-Disclosure of ₹27.67 Lakh Interest Received u/s 244A: ITAT Holds It Taxable and Rejects Rectification Plea
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that ₹27.67 lakh received as interest under section 244A of Income Tax Act,1961, was taxable as “income from other sources” and...
Section 50C of Income Tax Act Not applicable retrospectively: Delhi HC upholds ITAT’s order Deleting ₹20.00 Cr Addition against Thomson Press Ltd
In a recent case, the Delhi High Court upheld the Income Tax Appellate Tribunals (ITAT’s) order deleting ₹20.00 Cr Addition against Thomson Press Ltd while holding that section 50 C of the Income...
