![Challenge Against AOs 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Audit-Report-ITAT-Submission-of-Audit-Report-Ahmedabad-Bench-of-the-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-submission-of-the-audit-report-Assessing-Officer-Taxcan-1.jpg "Challenge Against AOs 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]")
Challenge Against AO's 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT)Â remanded the case to the Assessing Officer (AO) after finding that the 8% profit margin...
![Unexplained Cash Deposits of Rs.32 Lakhs: ITAT Reduces Addition Due to Incorrect Bank Deposit Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN-1.jpg "Unexplained Cash Deposits of Rs.32 Lakhs: ITAT Reduces Addition Due to Incorrect Bank Deposit Amount [Read Order]")
![Reliance on Stamp Duty Valuation for Capital Gains Without DVO Report: ITAT Directs Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-Stamp-Duty-TAXSCAN.jpg "Reliance on Stamp Duty Valuation for Capital Gains Without DVO Report: ITAT Directs Reassessment [Read Order]")
![ITAT Reduces Gross Margin on Unaccounted Cash Receipts to 6% from 12% Set by CIT(A) Considering Totality of Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Gross-Margin-ITAT-Reduces-Gross-Margin-Unaccounted-Cash-Cash-Receipts-to-6-from-12-Totality-of-Facts-ITAT-Ahmedabad-Income-Tax-taxscan.jpg "ITAT Reduces Gross Margin on Unaccounted Cash Receipts to 6% from 12% Set by CIT(A) Considering Totality of Facts [Read Order]")
![ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-STCL-AOs-Disallowance-STCL-Due-to-Adjustment-Income-Tax-Appellate-Tribunal-previous-assessment-year-Commissioner-of-Tax-Taxscan.jpg "ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]")
Delhi HC sets aside TPO’s Order on 'FABINDIA' Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]
The High Court of Delhi in a recent ruling,set aside the Transfer Pricing Officer(TPO)’s 28.01.2021 order disallowing the depreciation claim on the 'FABINDIA' trademark for Assessment Year(AY)...
![Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-TPOs-Order-Trademark-Depreciation-Depreciation-Claim-Directs-AO-to-Reassess-FABINDIA-trademark-for-Assessment-Year-taxscan-1.jpg "Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]")
ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of Commissioner of Income Tax (Appeals),CIT(A), against the appeal filed by Revenue against relieving the penalty under...
![ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-Cooperative-society-TAXSCAN.jpg "ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]")
No Additions can be made in unabated Years without Incriminating Material u/s 153C: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the commissioner of Income Tax(Appeals)[CIT(A)], stating that no additions can be made in unabated years under section...
![No Additions can be made in unabated Years without Incriminating Material u/s 153C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Delhi-Section-153C-TAXSCAN.jpg "No Additions can be made in unabated Years without Incriminating Material u/s 153C: ITAT [Read Order]")
ITAT Sets Aside Assessment for AY 2009-10 Due to Jurisdictional Error u/s 153C of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the assessment for Assessment Year(AY) 2009-10 due to a jurisdictional error under Section 153C of the Income Tax Act,1961. ...
![ITAT Sets Aside Assessment for AY 2009-10 Due to Jurisdictional Error u/s 153C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Act-taxscan.jpg "ITAT Sets Aside Assessment for AY 2009-10 Due to Jurisdictional Error u/s 153C of Income Tax Act [Read Order]")
Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)set aside the Commissioner of Income Tax(Appeals)[CIT(A)]'s order deleting an addition of Rs. 6.70 crores made by the Assessing Officer (AO)...
![Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Unexplained-Share-Capital-AO-for-Unexplained-Share-Capital-and-Premium-CITA-Order-Income-Tax-Appellate-Tribunal-bogus-accommodation-entries-Revenue-appellant-Blueray-Trading-Pvt.-Ltd-Taxscan.jpg "Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]")
Rs. 42.26 Lakh Cash Deposit in Bank Unexplained: ITAT Sends Case Back to AO for Fresh Hearing Due to Non-Receipt of Notices [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) remitted a case involving an unexplained Rs. 42.26 lakh cash deposit in a bank back to the Assessing Officer (AO)Â for fresh consideration,...
![Rs. 42.26 Lakh Cash Deposit in Bank Unexplained: ITAT Sends Case Back to AO for Fresh Hearing Due to Non-Receipt of Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Appellate-Tribunal-cash-deposit-cases-in-bank-TAXSCAN.jpg "Rs. 42.26 Lakh Cash Deposit in Bank Unexplained: ITAT Sends Case Back to AO for Fresh Hearing Due to Non-Receipt of Notices [Read Order]")
Challenge on FMV Assessed Based on Occupancy Certificate: ITAT Upholds CIT(A) Order in Absence of Contrary Evidence [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s order, dismissing the Revenue's appeal challenging the fair market value (FMV)...
![Challenge on FMV Assessed Based on Occupancy Certificate: ITAT Upholds CIT(A) Order in Absence of Contrary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Challenge on FMV Assessed Based on Occupancy Certificate: ITAT Upholds CIT(A) Order in Absence of Contrary Evidence [Read Order]")