![AOs Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/2059043-rule-8d-valid-exempt-dividend-income-disallowance-itat-taxscan.webp "AOs Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]")
AO's Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the disallowance of Rs. 15,00,327 made by the Assessing Officer (AO)...
![AO Not Bound By Observations of First Appellate Authority during De Novo VAT Assessment: Madras HC Upholds Sales Tax Tribunal Decision [Read Order]](https://images.taxscan.in/h-upload/2025/07/03/2058525-vat-notice-issue-notice-by-vat-dept-taxscan.webp "AO Not Bound By Observations of First Appellate Authority during De Novo VAT Assessment: Madras HC Upholds Sales Tax Tribunal Decision [Read Order]")
![Telescoping of Unaccounted Payments against Unaccounted Receipts is valid when they are Business-Related: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/02/2057957-unaccounted-receipt.webp "Telescoping of Unaccounted Payments against Unaccounted Receipts is valid when they are Business-Related: ITAT [Read Order]")
![Only Profit Embedded in Unaccounted Receipts can be Taxed, Not the Entire Receipts: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/02/2057888-unaccounted-receipts.webp "Only Profit Embedded in Unaccounted Receipts can be Taxed, Not the Entire Receipts: ITAT [Read Order]")
AO failed to Consider Supplementary Agreement: ITAT Uphold Deletion of Rs 4 Crore Tax Addition over Development Cost [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition of over Rs. 4 crore in tax additions made by the revenue authorities as it was found that the AO failed to...
![AO failed to Consider Supplementary Agreement: ITAT Uphold Deletion of Rs 4 Crore Tax Addition over Development Cost [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057678-itat-directs-ao-itat-taxscan.webp "AO failed to Consider Supplementary Agreement: ITAT Uphold Deletion of Rs 4 Crore Tax Addition over Development Cost [Read Order]")
Section 115BBE of Income Tax Act would be Applicable for Transactions Undertaken w.e.f. 1/4/2017, Not of Earlier Period, Rules ITAT [Read Order]
While clarifying the scope of retrospective taxation under Section 115BBE of the Income Tax Act, 1961 the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the higher tax rate...
![Section 115BBE of Income Tax Act would be Applicable for Transactions Undertaken w.e.f. 1/4/2017, Not of Earlier Period, Rules ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057402-itat-taxscan.webp "Section 115BBE of Income Tax Act would be Applicable for Transactions Undertaken w.e.f. 1/4/2017, Not of Earlier Period, Rules ITAT [Read Order]")
Inadvertent Mutual Fund Investment on Different PAN Explained: ITAT finds No Misreporting or Under reporting, Directs AO to verify both PANs [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed an addition of over ₹14 lakh under Section 69B of the income tax act, 1961, holding that the investment was inadvertently...
![Inadvertent Mutual Fund Investment on Different PAN Explained: ITAT finds No Misreporting or Under reporting, Directs AO to verify both PANs [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057443-itat-delhi-mutual-fund-investment-ao-mismatch-pan-taxscan.webp "Inadvertent Mutual Fund Investment on Different PAN Explained: ITAT finds No Misreporting or Under reporting, Directs AO to verify both PANs [Read Order]")
![Reassessment u/s 148 Without Approval from Competent Authority u/s 151 is Void ab Initio: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057405-itat-reassessment-income-tax-act-transaction-return-filed-calcutta-hc-appeal-taxscan.webp "Reassessment u/s 148 Without Approval from Competent Authority u/s 151 is Void ab Initio: ITAT [Read Order]")
Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a Principal Commissioner of Income Tax ( PCIT ) cannot invoke revisionary jurisdiction under Section 263 to disallow...
![Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/2057065-itat-disallowance-loan-taxscan.webp "Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]")
Adhoc Disallowance Without Complete Verification Unsustainable: ITAT Deletes ₹22 Lakh Addition for Cash Purchases from URD
In a matter of jewellers and traders dealing with unregistered vendors, the Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that an adhoc disallowance of purchases without complete...
