![Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Demonetization-.jpg "Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]")
Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 27,37,800 and ruled that the cash deposits made during the...
![Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment-notice.jpg "Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]")
![ITAT quashes CIT(A)’s Ex Parte Penalty Orders Due to Wrong Email Service [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Wrong-Email-Service.jpg "ITAT quashes CIT(A)’s Ex Parte Penalty Orders Due to Wrong Email Service [Read Order]")
![Taxpayer Not Property Owner, Only POA Holder: ITAT Remands Rs. 4.73 Crore LTCG Addition Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/LTCG.jpg "Taxpayer Not Property Owner, Only POA Holder: ITAT Remands Rs. 4.73 Crore LTCG Addition Matter [Read Order]")
![ITAT Upholds CIT(A) Order: No Addition U/s 69A Without Corroborative Evidence & Cross-Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Cross-Examination.jpg "ITAT Upholds CIT(A) Order: No Addition U/s 69A Without Corroborative Evidence & Cross-Examination [Read Order]")
ITAT gives Second Chance to Fruit Trader in Rs.28 Lakh Demonetization Case Over Procedural Lapses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Panaji Bench, has granted relief to a fruit trader by remanding the matter back to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication...
![ITAT gives Second Chance to Fruit Trader in Rs.28 Lakh Demonetization Case Over Procedural Lapses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Demonetization-1.jpg "ITAT gives Second Chance to Fruit Trader in Rs.28 Lakh Demonetization Case Over Procedural Lapses [Read Order]")
![Cash Deposits during demonetization: ITAT remands matter to consider Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/demonetization-ITAT-cash-deposits-TAXSCAN.jpg "Cash Deposits during demonetization: ITAT remands matter to consider Evidence [Read Order]")
ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT), in a recent ruling, gave relief to the assessee, setting aside a penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. This...
![ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Penalty-Depreciation-Claim-TAXSCAN.jpg "ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]")
AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) confirmed Rs. 48,000 as assessee failed to prove source of deposits in the case where the Assessing Officer (AO) had made an addition...
![AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-Cash-Deposits.jpg "AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]")
ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has cancelled a penalty of Rs.22.93 lakh that was imposed on Silver Oak Buildcon Private Limited, a construction company based in Pune. The...
![ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/WhatsApp-Image-2025-04-08-at-1.11.11-PM.jpeg "ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]")
No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has remanded a matter back to the Assessing Officer for fresh verification in a case involving alleged capital gains based on a cancelled...
![No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/WhatsApp-Image-2025-04-08-at-1.39.50-PM.jpeg "No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]")
Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]
The High Court of Himachal Pradesh,ruled that leave encashment payments made after the end of the financial year cannot be claimed as a deduction under the Income Tax Act,1961 unless the liability...
![Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Himachal-Pradesh-HC.jpg "Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]")