![ITAT Condones 148-Day Delay, Remands Case to CIT(A) Due to Assessees Medical Grounds and Legal Oversight [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2042905-income-tax-patna-high-court-income-tax-appeal-condones-delay-income-tax-appeal-filing-delay-taxscan.webp "ITAT Condones 148-Day Delay, Remands Case to CIT(A) Due to Assessees Medical Grounds and Legal Oversight [Read Order]")
ITAT Condones 148-Day Delay, Remands Case to CIT(A) Due to Assessee's Medical Grounds and Legal Oversight [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench has condoned a 148-day delay in filing an appeal, accepting medical reasons and legal ...
![Assessee Not Informed AO about Income Tax Assessment Objections Pending before DRP: Bombay HC Slaps ₹10,000 Cost on Petitioner [Read Order]](https://images.taxscan.in/h-upload/2025/06/11/250x150_2042549-income-tax-assessment-ao-assessee-bombay-hc-taxscan.webp "Assessee Not Informed AO about Income Tax Assessment Objections Pending before DRP: Bombay HC Slaps ₹10,000 Cost on Petitioner [Read Order]")
![Commercial Decisions Must Be Judged from Taxpayer’s Perspective, Not the Income Tax Department: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/07/250x150_2041611-itat-taxpayers-taxscan.webp "Commercial Decisions Must Be Judged from Taxpayer’s Perspective, Not the Income Tax Department: ITAT [Read Order]")
Senior Citizen Found with ₹95.89 Lakh Cash on Train Claimed It Belonged to Firm: ITAT Upholds Addition for Lack of Evidence
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition of unexplained cash under Section 69A of the Income Tax Act, 1961, after a senior citizen was found carrying Rs....
Explanation 2 to S. 263 Doesn’t Give Unfettered Revision Powers: ITAT Quashes PCIT’s Order [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision orders passed under Section 263 of the Income Tax Act, 1961, holding that the Principal Commissioner of Income Tax...
![Explanation 2 to S. 263 Doesn’t Give Unfettered Revision Powers: ITAT Quashes PCIT’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/500x300_2041338-itat-itat-jaipur-2-to-s-263-itat-taxscan.webp "Explanation 2 to S. 263 Doesn’t Give Unfettered Revision Powers: ITAT Quashes PCIT’s Order [Read Order]")
ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of additions under Section 68 of the Income Tax Act, 1961, concerning unexplained cash credits, confirming that Aries...
![ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/500x300_2041337-aries-agro-ltd.webp "ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]")
AO’s Action Based on ADIT Report Equals ‘Borrowed Satisfaction’: ITAT Quashes Reassessment Proceedings [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed reassessment proceedings initiated against the assessee by noting that the Assessing Officer (AO) had acted solely on a report...
![AO’s Action Based on ADIT Report Equals ‘Borrowed Satisfaction’: ITAT Quashes Reassessment Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/06/04/500x300_2041273-reassessment-proceedings-itat-delhi-taxscan.webp "AO’s Action Based on ADIT Report Equals ‘Borrowed Satisfaction’: ITAT Quashes Reassessment Proceedings [Read Order]")
ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to verify the allocation of research and development (R&D) expenses claimed by Piramal Enterprises...
![ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Piramal-Enterprises.jpg "ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]")
PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the revisionary order passed by the Principal Commissioner of Income Tax ( PCIT ), affirming the genuineness of...
![PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Loan-Transaction.jpg "PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]")
AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the set-off of short-term capital losses ( STCL ) subject to Securities Transaction Tax ( STT ) against short-term capital gains...
![AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/short-term-capital-gain.jpg "AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]")