![Additions for Unexplained Cash Deposits and Loans Made Without Proper Verification : ITAT Restores Matter to AO [Raed Order]](https://images.taxscan.in/h-upload/2025/07/21/500x300_2066809-unexplained-cash-deposit-taxscan.webp "Additions for Unexplained Cash Deposits and Loans Made Without Proper Verification : ITAT Restores Matter to AO [Raed Order]")
Additions for Unexplained Cash Deposits and Loans Made Without Proper Verification : ITAT Restores Matter to AO [Raed Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Assessing Officer (AO ) for fresh adjudication after...
![AO made One Sided Addition u/s 68 without Examining Evidence: ITAT Remits ₹7.17 Matter for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065739-examining-evidence-itat-evidence-taxscan.webp "AO made One Sided Addition u/s 68 without Examining Evidence: ITAT Remits ₹7.17 Matter for Fresh Adjudication [Read Order]")
![Incomplete Analysis of ₹2.17 Cr Unsecured Loan: ITAT Directs to Verify Documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065735-unsecured-loan-taxscan.webp "Incomplete Analysis of ₹2.17 Cr Unsecured Loan: ITAT Directs to Verify Documents [Read Order]")
![Expenditure Incurred on Leasehold Premises Satisfies Test of Ownership: ITAT Upholds Depreciation Deduction as Capital Expenditure [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065722-itat-itat-upholds-rd-expenses-capital-expenditure-citing-consistency-with-prior-years-citing-consistency-taxscan.webp "Expenditure Incurred on Leasehold Premises Satisfies Test of Ownership: ITAT Upholds Depreciation Deduction as Capital Expenditure [Read Order]")
![Unexplained Source of Investment on 4Kg Gold: ITAT Directs to Consider R. 46 Evidence Citing Improper Rejection [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065501-unexplaine-investment-gold-taxscan.webp "Unexplained Source of Investment on 4Kg Gold: ITAT Directs to Consider R. 46 Evidence Citing Improper Rejection [Read Order]")
Filing of Form 10-IC Prior to ITR Filing is Not Mandatory: Allahabad HC Condones delay considering Genuine Hardship
The Allahabad High Court has held that that filing of Form 10-IC prior to filing of return is not mandatory and if “genuine hardship” is shown then delay may be condoned. The petitioner, Cell...
Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restricted disallowance of business expenses to 10% of the total claimed, noting the absence of proper justification from the Assessing ...
![Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065012-disallowance-of-business-expenses-disallowance-itat-taxscan.webp "Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]")
Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the assessment for bypassing Section 153C procedure, where an addition of Rs. 46.87 lakhs was made based on documents seized...
![Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064928-seized-documents-taxscan.webp "Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]")
80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architect's Completion Certificate [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter to the Assessing Officer (AO) for fresh adjudication of a deduction claim of Rs. 1,73,68,000 under Section ...
![80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architects Completion Certificate [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064912-deduction-itat-taxscan.webp "80IB(10) Deduction Denial for Housing Project: ITAT Restores ₹1.73 Cr Claim to AO Relying on SC Precedent on Architects Completion Certificate [Read Order]")
Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted additions under Sections 68 and 69C in a case involving penny stock transactions and held that the shares of Splash Media were ...
![Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064911-site-img18-2.webp "Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]")
Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 58,50,000 made under Section 69A of the Income Tax Act, 1961, as unexplained money and held that the provision...
![Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/17/500x300_2064555-unexplained-money-taxscan.webp "Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]")
Delhi HC Directs Refund of ₹15 Lakh With 4% Interest as Re-Credit Not Permissible Under Abolished Scheme [Read Order]
The High Court of Delhi, directed the refund of ₹15 lakh with 4% simple interest, holding that re-credit of the amount to the petitioner’s license was not permissible under the abolished re-credit ...
![Delhi HC Directs Refund of ₹15 Lakh With 4% Interest as Re-Credit Not Permissible Under Abolished Scheme [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064253-refund-delhihc-taxscan.webp "Delhi HC Directs Refund of ₹15 Lakh With 4% Interest as Re-Credit Not Permissible Under Abolished Scheme [Read Order]")