![Reassessment Beyond Six-Year Limit for Income Under ₹50 Lakh: ITAT Quashes Notice and Reassessment Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/2090121-reassessment-income-tax-notice-taxscan.webp "Reassessment Beyond Six-Year Limit for Income Under ₹50 Lakh: ITAT Quashes Notice and Reassessment Order [Read Order]")
Reassessment Beyond Six-Year Limit for Income Under ₹50 Lakh: ITAT Quashes Notice and Reassessment Order [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT) quashed the notice and reassessment order, holding that the reassessment beyond six-year...
![Delhi HC upholds ITAT order allowing Exemption Claim made by Charitable Trust u/s 10(23C)(iv) of Income Tax Act, Considering Previous year Position [Read Order]](https://images.taxscan.in/h-upload/2025/09/22/2089477-charitable-trust-taxscan.webp "Delhi HC upholds ITAT order allowing Exemption Claim made by Charitable Trust u/s 10(23C)(iv) of Income Tax Act, Considering Previous year Position [Read Order]")
![Bombay HC remands Order of ITAT to Decide on Nature of Service of AMC Charges on Medical Equipment X-ray machines and its TDS deduction [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/2088959-x-ray-machine.webp "Bombay HC remands Order of ITAT to Decide on Nature of Service of AMC Charges on Medical Equipment X-ray machines and its TDS deduction [Read Order]")
![HRA Claim Restricted to 50% as Rent Agreement in Joint Name with Brother, rules ITAT Despite Assessee Bearing Entire Rent [Read Order]](https://images.taxscan.in/h-upload/2025/09/19/2088550-hra-rent-taxscan.webp "HRA Claim Restricted to 50% as Rent Agreement in Joint Name with Brother, rules ITAT Despite Assessee Bearing Entire Rent [Read Order]")
![Sales Tax Subsidy under Backward Area Development Scheme Classified as Capital Receipt: ITAT Excludes Computation u/s. 115JB [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/2087575-capital-receipt-taxscan.webp "Sales Tax Subsidy under Backward Area Development Scheme Classified as Capital Receipt: ITAT Excludes Computation u/s. 115JB [Read Order]")
No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi, has struck down reassessment proceedings, holding that the Assessing Officer’s (AO) computation of book profits at over ₹69 crores was unsupported...
![No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/2087513-itat-delhi-sc-johnson-case-reassessment-quashed-taxscan.webp "No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]")
![ITAT refuses Estimation of GP Enhancement made by AO without Considering comparable case [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/2087421-gross-profit-rate-igp-enhancement-itat-taxscan.webp "ITAT refuses Estimation of GP Enhancement made by AO without Considering comparable case [Read Order]")
Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, set aside the order of the Principal Commissioner of Income Tax (Pr. CIT) passed under Section 263 of theIncome Tax Act, 1961, holding that the...
![Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/2086235-genuineness-share-capital-share-capital-received-itat-itat-upholds-cita-decision-cita-deletes-addition-taxscan.webp "Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]")
S. 54F Exemption cannot Be Denied for Non-Deposit in Capital Gain Account if Entire Sale Consideration already Invested in Plot: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that exemption under Section 54F of the Income Tax Act, 1961, cannot be denied merely because the assessee did not deposit the...
![S. 54F Exemption cannot Be Denied for Non-Deposit in Capital Gain Account if Entire Sale Consideration already Invested in Plot: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/2085751-capital-gain-exemption-taxscan.webp "S. 54F Exemption cannot Be Denied for Non-Deposit in Capital Gain Account if Entire Sale Consideration already Invested in Plot: ITAT [Read Order]")
Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the penalty under Section 270A of the Income Tax Act, 1961, cannot be levied when the underlying addition is based purely...
![Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/2085741-income-tax-penalty-taxscan.webp "Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]")
Cash Deposit of ₹10 Lakh Claimed as Gift from Deceased Grandmother Lacked Evidence: ITAT Grants Partial Relief by Deleting ₹5 Lakh [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal of the assessee, noting that the ₹10 lakh cash deposit claimed as a gift from his deceased grandmother lacked ...
![Cash Deposit of ₹10 Lakh Claimed as Gift from Deceased Grandmother Lacked Evidence: ITAT Grants Partial Relief by Deleting ₹5 Lakh [Read Order]](https://images.taxscan.in/h-upload/2025/09/10/2085157-itat-pune-cash-deposit-gift-lakh-gift-case-taxscan.webp "Cash Deposit of ₹10 Lakh Claimed as Gift from Deceased Grandmother Lacked Evidence: ITAT Grants Partial Relief by Deleting ₹5 Lakh [Read Order]")
AO rejects books of account u/s 145(3) of the Income Tax Act in absence of documents: ITAT directs CIT(A) decide afresh [Read Order]
In a recent case, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax Appeal (CIT(A)) to decide afresh on the issue of rejection of books of...
![AO rejects books of account u/s 145(3) of the Income Tax Act in absence of documents: ITAT directs CIT(A) decide afresh [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/2084987-rejection-books-of-account-rejection-of-books-of-account-rejection-of-books-of-account-by-ao-ao-cita-itat-taxscan.webp "AO rejects books of account u/s 145(3) of the Income Tax Act in absence of documents: ITAT directs CIT(A) decide afresh [Read Order]")