![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]")
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...
![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]](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]](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]")
![Rs. 1.6 Crore Unexplained Credit Addition: ITAT Remands Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Appellate-Tribunal-Income-tax-unexplained-TAXSCAN.jpg "Rs. 1.6 Crore Unexplained Credit Addition: ITAT Remands Case to CIT(A) [Read Order]")
₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for reverification of a ₹3.28 Crore Short-Term Capital Gain ( STCG ) addition due to...
![₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-STCG-AO-for-Reverification-Due-Taxscan.jpg "₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]")
Addition of Rs. 21.98 Lakhs as Unexplained Deposit u/s 69A: ITAT Remands Matter to AO [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer ( AO ) regarding the addition of Rs. 21.98 Lakhs as an unexplained deposit under section 69A...
![Addition of Rs. 21.98 Lakhs as Unexplained Deposit u/s 69A: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Section-69A-TAXSCAN.jpg "Addition of Rs. 21.98 Lakhs as Unexplained Deposit u/s 69A: ITAT Remands Matter to AO [Read Order]")
![Penalty for Underreporting Income u/s 270A: ITAT deletes Rs. 5.28 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Penalty-Underreporting-Income-Income-Tax-Appellate-Tribunal-Income-Tax-taxscan.jpg "Penalty for Underreporting Income u/s 270A: ITAT deletes Rs. 5.28 Lakh Penalty [Read Order]")
Undisclosed Income Source must be Specified and Substantiated u/s 271-AAA(2): SC upholds Penalty for Non-Compliance [Read Judgement]
In a recent ruling, the Supreme Court confirmed that Section 271-AAA(2) of the Income Tax Act, 1961 mandated that undisclosed income sources must be specified and substantiated and upheld the penalty...
![Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-Security-Deposit-Tax-TAXSCAN.jpg "Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]")
![No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chandigarh-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]")
Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Year's Ruling [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside the matter for the Assessment Year (AY) 2016-17, directing the disallowance under section 14A of the Income Tax Act, 1961 to be...
![Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Section-14A-ITAT-Directs-Section-14A-Disallowance-ITAT-Ahmedabad-Income-Tax-CITAs-order-taxscan.jpg "Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]")