![Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Disputed-purchases-Labour-Expenses-Alleqed-Boqus-Purchases-taxscan.jpg "Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]")
Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which restricted...
![ITAT Upholds Penalty Reduction u/s 275(1A) Despite Pending HC Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-Reduction-site-img.jpg "ITAT Upholds Penalty Reduction u/s 275(1A) Despite Pending HC Appeal [Read Order]")
![ITAT Allows Appeal, Deletes Unexplained Cash Addition of Rs.3.45 Lakh Citing Agricultural Income & Bank Withdrawal Proof [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-Cash-.jpg "ITAT Allows Appeal, Deletes Unexplained Cash Addition of Rs.3.45 Lakh Citing Agricultural Income & Bank Withdrawal Proof [Read Order]")
![ITAT Dismisses Department’s Appeal, Upholds 5% Bogus Purchase Addition & Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Corroborative-Evidence-Bogus-Purchase-ITAT-Income-Tax-Addition-taxscan.jpg "ITAT Dismisses Department’s Appeal, Upholds 5% Bogus Purchase Addition & Deletes Penalty [Read Order]")
![ITAT Sets Aside Ex-Parte Orders Passed Without Considering Objections to Mechanical Reopening [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Ex-parte-orders-TAXSCAN.jpg "ITAT Sets Aside Ex-Parte Orders Passed Without Considering Objections to Mechanical Reopening [Read Order]")
Form ITNS-150 Constitutes Valid Assessment Order u/s 143(3), Any Rectification Attracts S. 154 Limitation Period: Delhi HC [Read Order]
In a recent judgment, the Delhi High Court ruled that Form ITNS-150 is not merely a ministerial document but a valid assessment order under Section 143(3) of the Income Tax Act, 1961, and any...
![Form ITNS-150 Constitutes Valid Assessment Order u/s 143(3), Any Rectification Attracts S. 154 Limitation Period: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Form-ITNS-site-img.jpg "Form ITNS-150 Constitutes Valid Assessment Order u/s 143(3), Any Rectification Attracts S. 154 Limitation Period: Delhi HC [Read Order]")
GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) bench of Mumbai has ruled that the GST (Goods and Services Tax) collected by the foreign company is excluded from Gross Receipts for calculating income...
![GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Gross-Receipts.webp "GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]")
![ITAT Allows NDTVs Business Expense Claims, Quashes Section 14A Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NDTV.jpg "ITAT Allows NDTVs Business Expense Claims, Quashes Section 14A Disallowance [Read Order]")
AO Fails to Properly Examine Rs. 1.27 Cr Co-operative Society Deposits: ITAT upholds PCIT's Revision Order [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) upheld the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) due to the lack of enquiry by the Assessing...
![AO Fails to Properly Examine Rs. 1.27 Cr Co-operative Society Deposits: ITAT upholds PCITs Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/PCITs-Revision-Order.jpg "AO Fails to Properly Examine Rs. 1.27 Cr Co-operative Society Deposits: ITAT upholds PCITs Revision Order [Read Order]")
Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter back to the Assessing Officer (AO) for fresh adjudication in a case where an assessment order was issued in the...
![Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Assessment-Documents.jpg "Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]")
Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 27,37,800 and ruled that the cash deposits made during the demonetization period were explained as arising...
![Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Demonetization-.jpg "Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]")
Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]
The Patna High Court reassessment notice issued under Section 148A(b) of the Income Tax Act,1961 was valid, as the initial notice dated 28.03.2024 fell within the three-year limitation period under...
![Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment-notice.jpg "Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]")