![ITAT Deletes Penalty of ₹96,010 on Alleged Bogus Brick Payment after Department Confirms No Pending Supplies [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/500x300_2080310-itat-deletes-penalty-taxscan.webp "ITAT Deletes Penalty of ₹96,010 on Alleged Bogus Brick Payment after Department Confirms No Pending Supplies [Read Order]")
ITAT Deletes Penalty of ₹96,010 on Alleged Bogus Brick Payment after Department Confirms No Pending Supplies [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal ( ITAT )allows the appeal of the assessee and deletes the penalty of ₹96,010 on an alleged ...
![ITAT Deletes Disallowance made by AO without undertaking Independent Inquiry u/s 133(6) of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/250x150_2080298-disallowance-not-applicable-payment-account-payee-cheque-account-payee-dd-itat-taxscan.webp "ITAT Deletes Disallowance made by AO without undertaking Independent Inquiry u/s 133(6) of Income Tax Act [Read Order]")
![Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079906-itat-pune-section-43ca-case-stamp-duty-value-taxscan.webp "Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]")
![Relief for MRF: ITAT Upholds CIT(A) Order Allowing Depreciation and Expenses on Retention Money, Dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079884-mrf.webp "Relief for MRF: ITAT Upholds CIT(A) Order Allowing Depreciation and Expenses on Retention Money, Dismisses Revenue’s Appeal [Read Order]")
![Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079862-cita-disallow-a-claim-of-business-loss-in-the-presence-of-evidence-itat-taxscan.webp "Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]")
Factory Land not Exempted from TDS u/s 194IA: ITAT upholds Income Tax Demand u/s 201 and 201(1A) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam, while upholding the demand under Section 201(1) and 201(1A) of the Income Tax Act, 1961 for failing to deduct 1% TDS (Tax Deducted at...
![Factory Land not Exempted from TDS u/s 194IA: ITAT upholds Income Tax Demand u/s 201 and 201(1A) [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079262-tax-deducted-source-taxscan.webp "Factory Land not Exempted from TDS u/s 194IA: ITAT upholds Income Tax Demand u/s 201 and 201(1A) [Read Order]")
‘6kg & 7kg’ Cash Entries Not Proven as ₹13 Lakh: ITAT Reduces Addition to ₹1.30 Lakh Due to Lack of Corroboration [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has reduced an addition of ₹13 lakh made on account of cash entries described as “6kg” and “7kg” in seized papers and held that the...
![‘6kg & 7kg’ Cash Entries Not Proven as ₹13 Lakh: ITAT Reduces Addition to ₹1.30 Lakh Due to Lack of Corroboration [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079207-itat-addition-taxscan.webp "‘6kg & 7kg’ Cash Entries Not Proven as ₹13 Lakh: ITAT Reduces Addition to ₹1.30 Lakh Due to Lack of Corroboration [Read Order]")
₹14 Lakh Cash Loan Addition Deleted: ITAT Holds Seized Cheques Belong to Director Personally, Not Metarolls Ispat [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹14 lakh made under section 69A of the Income Tax Act, 1961 on account of alleged unexplained cash loans and...
![₹14 Lakh Cash Loan Addition Deleted: ITAT Holds Seized Cheques Belong to Director Personally, Not Metarolls Ispat [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079211-unexplained-cash-loan-seized-cheques-case-taxscan.webp "₹14 Lakh Cash Loan Addition Deleted: ITAT Holds Seized Cheques Belong to Director Personally, Not Metarolls Ispat [Read Order]")
ITAT Restricts Addition to 5% Profit on Alleged ₹13.80 Crore Bogus Purchases as Sales Accepted and Books Not Rejected [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that only the profit element of 5% should be added on alleged bogus purchases of ₹13,80,63,994 made by the assessee and observed...
![ITAT Restricts Addition to 5% Profit on Alleged ₹13.80 Crore Bogus Purchases as Sales Accepted and Books Not Rejected [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079196-bogus-purchase-taxscan.webp "ITAT Restricts Addition to 5% Profit on Alleged ₹13.80 Crore Bogus Purchases as Sales Accepted and Books Not Rejected [Read Order]")
Disallowance of Excess Deductions and House Property Loss in Revised Returns: ITAT Sets Aside Order FAA’s Order [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order of the First Appellate Authority (FAA) and directed the Assessing Officer (AO) to consider the original return while ...
![Disallowance of Excess Deductions and House Property Loss in Revised Returns: ITAT Sets Aside Order FAA’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078944-deductions-house-property-itat-faa-taxscan.webp "Disallowance of Excess Deductions and House Property Loss in Revised Returns: ITAT Sets Aside Order FAA’s Order [Read Order]")
![ITAT Reduces Disallowance of Foreign Travel Expenses to 25% Due to Partial Documentation [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078599-foreign-travel-expense-taxscan.webp "ITAT Reduces Disallowance of Foreign Travel Expenses to 25% Due to Partial Documentation [Read Order]")
Taxability of Software Fee under India-UAE DTAA: Karnataka HC Disposes Revenue's Appeal after AO Treats Receipts as Royalty [Read Order]
The High Court of Karnataka, disposed of the Revenue’s appeal on the taxability of software fees under the India-UAE Double Taxation Avoidance Agreement (DTAA) after the Assessing Officer (AO)...
![Taxability of Software Fee under India-UAE DTAA: Karnataka HC Disposes Revenues Appeal after AO Treats Receipts as Royalty [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078339-india-uae-dtaa-taxscan.webp "Taxability of Software Fee under India-UAE DTAA: Karnataka HC Disposes Revenues Appeal after AO Treats Receipts as Royalty [Read Order]")