![Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/2101779-disallowance-order-taxscan.webp "Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]")
Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]
The Calcutta High Court has set aside the order of the Income Tax Appellate Tribunal, Kolkata (ITAT), which had allowed the set-off of penny-stock...
![Police Canteen Transactions with Members Not Business Activity, No Audit Required u/s 44AB: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/02/2101654-police-canteen-transactions-business-activity-audit-required-us-44ab-itat-txn.webp "Police Canteen Transactions with Members Not Business Activity, No Audit Required u/s 44AB: ITAT [Read Order]")
![Relief to Balaji Landmark LLP: Bombay HC directs CBDT to Condone Delay, Emphasizing Genuine Hardship Over Technicality [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/2101410-condone-delay-taxscan.webp "Relief to Balaji Landmark LLP: Bombay HC directs CBDT to Condone Delay, Emphasizing Genuine Hardship Over Technicality [Read Order]")
![Purchases Attributed to Other Entities: ITAT Deletes ₹2.27 Crore Addition Citing AOs Acceptance of Facts in Remand Report [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101152-remand-report-taxscan.webp "Purchases Attributed to Other Entities: ITAT Deletes ₹2.27 Crore Addition Citing AOs Acceptance of Facts in Remand Report [Read Order]")
![Unexplained Cash Credit Addition of ₹1.77 Cr: ITAT Remands Matter for Verification of Agricultural Income and Submitted Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/10/30/2101049-unexplained-cash-credit-taxscan.webp "Unexplained Cash Credit Addition of ₹1.77 Cr: ITAT Remands Matter for Verification of Agricultural Income and Submitted Evidence [Read Order]")
Addition for Unsecured Loans Without PAN: ITAT Grants Partial Relief and Remands Matter for Verification of Submitted Documents [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) granted partial relief and remanded the matter for verification of submitted documents for the issue of addition of unsecured loans...
![Addition for Unsecured Loans Without PAN: ITAT Grants Partial Relief and Remands Matter for Verification of Submitted Documents [Read Order]](https://images.taxscan.in/h-upload/2025/10/30/2100947-unsecured-loan-taxscan.webp "Addition for Unsecured Loans Without PAN: ITAT Grants Partial Relief and Remands Matter for Verification of Submitted Documents [Read Order]")
Deletion of ₹11.54 Crore Addition on Unsecured Loans: ITAT Partially Restores Addition Citing Lack of Proof for Creditworthiness [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) partially restored a significant addition of unexplained cash credits which had been deleted by the Commissioner of Income Tax (Appeals) ...
![Deletion of ₹11.54 Crore Addition on Unsecured Loans: ITAT Partially Restores Addition Citing Lack of Proof for Creditworthiness [Read Order]](https://images.taxscan.in/h-upload/2025/10/30/2100940-unsecured-loans-taxscan.webp "Deletion of ₹11.54 Crore Addition on Unsecured Loans: ITAT Partially Restores Addition Citing Lack of Proof for Creditworthiness [Read Order]")
Penalty Liability on Legal Heirs: ITAT Upholds Liability u/s 159 and Restores Matter to AO to Verify Inherited Estate [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Assessing Officer (AO ) to verify the extent of the estate inherited by the legal heir while upholding the ...
![Penalty Liability on Legal Heirs: ITAT Upholds Liability u/s 159 and Restores Matter to AO to Verify Inherited Estate [Read Order]](https://images.taxscan.in/h-upload/2025/10/30/2100937-legal-heir-penalty-taxscan.webp "Penalty Liability on Legal Heirs: ITAT Upholds Liability u/s 159 and Restores Matter to AO to Verify Inherited Estate [Read Order]")
![ITAT Treats ₹1.50 Crore Cash Addition as Business Turnover in Bullion Trader’s Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/2100494-itat-cash-addition-bullion-trader-case-taxscan.webp "ITAT Treats ₹1.50 Crore Cash Addition as Business Turnover in Bullion Trader’s Case [Read Order]")
![AO fails to Specify Sub-Clause u/s 270A(9): ITAT deletes Penalty for Under-Reporting [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/2100468-ao-sub-clause-us-270a9-itat-penalty-under-reporting-taxscan.webp "AO fails to Specify Sub-Clause u/s 270A(9): ITAT deletes Penalty for Under-Reporting [Read Order]")
Closing Individual Debtor Accounts Not Mandatory for Claiming Bad Debt Deduction u/s 36(1)(vii): Kerala HC [Read Order]
In a recent judgment, the Kerala High Court held that closing individual debtor accounts is not a legal requirement for claiming a bad debt deduction under Section 36(1)(vii) of the Income Tax Act, ...
![Closing Individual Debtor Accounts Not Mandatory for Claiming Bad Debt Deduction u/s 36(1)(vii): Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/2100303-baad-debt-deduction-taxscan.webp "Closing Individual Debtor Accounts Not Mandatory for Claiming Bad Debt Deduction u/s 36(1)(vii): Kerala HC [Read Order]")
“Trade Scheme Payments” to be Treated as Commission: ITAT Upholds PCIT’s Revision under Section 263 in Income Tax Case [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Delhi, upheld the Principal Commissioner of Income Tax’s (PCIT) revision order under Section 263 of the Income Tax Act, 1961, ruling that...
![“Trade Scheme Payments” to be Treated as Commission: ITAT Upholds PCIT’s Revision under Section 263 in Income Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/2100179-revision-order-taxscan-2.webp "“Trade Scheme Payments” to be Treated as Commission: ITAT Upholds PCIT’s Revision under Section 263 in Income Tax Case [Read Order]")