![Rs. 54.52 Lakh Unexplained Income from Sugar Sale: ITAT Directs Fresh Assessment of S.69 Income Tax Addition Amid Contradictory Claims [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Bangalore-Assessing-Officer-Sugar-Sale-Taxscan.jpg "Rs. 54.52 Lakh Unexplained Income from Sugar Sale: ITAT Directs Fresh Assessment of S.69 Income Tax Addition Amid Contradictory Claims [Read Order]")
Rs. 54.52 Lakh Unexplained Income from Sugar Sale: ITAT Directs Fresh Assessment of S.69 Income Tax Addition Amid Contradictory Claims [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) Bangalore directed a fresh assessment of a disputed addition of Rs. 54.52 lakh under...
![Assessee entitled to raise Additional claims in Appeal when not made in Returns filed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-Ahmedabad-File-Returns-TAXSCAN.jpg "Assessee entitled to raise Additional claims in Appeal when not made in Returns filed: ITAT [Read Order]")
![Hardship Allowance Received by Assessee from Developer as ‘compensation Towards Displacement is not a ‘revenue receipt’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Developers-compensation-case-capital-receipt-TAXSCAN.jpg "Hardship Allowance Received by Assessee from Developer as ‘compensation Towards Displacement is not a ‘revenue receipt’: ITAT [Read Order]")
![Delay in Filing Appeal Before CIT(A) due to ignorance of Legal Procedures and Non-Follow-Up: ITAT Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Ahmedabad-CITA-Commissioner-of-Income-Tax-Appeals-Filing-Appeal-TAXSCAN.webp "Delay in Filing Appeal Before CIT(A) due to ignorance of Legal Procedures and Non-Follow-Up: ITAT Condones Delay [Read Order]")
![Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-Income-Tax-Act-Cash-deposits-TAXSCAN.jpg "Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]")
"Revenue not Justified in Addition made based on Rough Noting on Loose Sheets": ITAT quashes S.40 Income Tax Addition [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) of Bangalore quashed an addition made under Section 40A(3) the Income Tax Act, 1961 ( ITA )Â against a real estate development firm...
![Revenue not Justified in Addition made based on Rough Noting on Loose Sheets: ITAT quashes S.40 Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-ITAT-Quashes-Income-Tax-Section-40A3-the-Income-Tax-Act-Loose-Sheets-taxscan.jpg "Revenue not Justified in Addition made based on Rough Noting on Loose Sheets: ITAT quashes S.40 Income Tax Addition [Read Order]")
ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) deleted Rs.9.84 Lakh addition made under Section 69A of the Income Tax Act, 1961 after verifying that the cash deposits were from Rs. 10...
![ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-cash-deposits-Section-69A-of-Income-Tax-Act-TAXSCAN.jpg "ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]")
Patna HC sets aside GST Demand Order Lacking Date making Appeal Limitation Indeterminable [Read Order]
In a recent ruling, the Patna High Court set aside the Goods and Service (GST) demand order passed without mentioning the date that made the limitation to appeal indeterminable. Patliputra Hytech...
![Patna HC sets aside GST Demand Order Lacking Date making Appeal Limitation Indeterminable [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Patna-High-Court-GST-Demand-Order-GST-Demand-GST-Taxscan.jpg "Patna HC sets aside GST Demand Order Lacking Date making Appeal Limitation Indeterminable [Read Order]")
Co-operative Societies offering Credit Facilities can claim Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]
In the recent ruling, the Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that co-operative societies offering credit facilities to their members can claim deductions under section...
![Co-operative Societies offering Credit Facilities can claim Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Co-operative-societies-credit-facilities-Income-Tax-Deduction-Deduction-under-Section-80P-Tax-benefits-for-co-operative-societies-Section-80P-income-tax-taxscan.jpg "Co-operative Societies offering Credit Facilities can claim Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")
Deduction Benefits u/s 80-I Claimable upon Conversion of Proprietorship Concern to Pvt. Limited Company: Punjab and Haryana HC [Read Order]
In a recent case before High Court of Punjab and Haryana the deductions claimed under section 80-I of the Income Tax Act were allowed upon the conversion of Proprietorship Concern to Private Limited...
Failure to Refer Valuation of Land to DVO after Satisfying Conditions of S. 50C(2) of Income Tax Act: ITAT directs De Novo Adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the Assessing Officer ( AO ) erred by not referring the land valuation to the Departmental Valuation Officer ( DVO ) under...
![Failure to Refer Valuation of Land to DVO after Satisfying Conditions of S. 50C(2) of Income Tax Act: ITAT directs De Novo Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Mumbai-ITAT-ruling-on-land-valuation-de-novo-process-TAXSCAN.jpg "Failure to Refer Valuation of Land to DVO after Satisfying Conditions of S. 50C(2) of Income Tax Act: ITAT directs De Novo Adjudication [Read Order]")
Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]
In a recent case, the Gujarat High Court criticized the GST authorities over their failure to comply with two years old guidelines issued in Aggrawal Dyeing & Printing vs. State of Gujarat...
![Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Gujarat-High-Court-Gujarat-HC-GST-GST-Registration-GST-Registration-Cancellation-taxscan.jpg "Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]")