![₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-STCG-AO-for-Reverification-Due-Taxscan.jpg "₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]")
₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for reverification of a ₹3.28 Crore...
![Addition of Rs. 21.98 Lakhs as Unexplained Deposit u/s 69A: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Section-69A-TAXSCAN.jpg "Addition of Rs. 21.98 Lakhs as Unexplained Deposit u/s 69A: ITAT Remands Matter to AO [Read Order]")
![Penalty for Underreporting Income u/s 270A: ITAT deletes Rs. 5.28 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Penalty-Underreporting-Income-Income-Tax-Appellate-Tribunal-Income-Tax-taxscan.jpg "Penalty for Underreporting Income u/s 270A: ITAT deletes Rs. 5.28 Lakh Penalty [Read Order]")
![Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-Security-Deposit-Tax-TAXSCAN.jpg "Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]")
![No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chandigarh-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]")
Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Year's Ruling [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside the matter for the Assessment Year (AY) 2016-17, directing the disallowance under section 14A of the Income Tax Act, 1961 to be...
![Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Section-14A-ITAT-Directs-Section-14A-Disallowance-ITAT-Ahmedabad-Income-Tax-CITAs-order-taxscan.jpg "Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]")
Medical Reasons caused Delay in Appeal after Payment of Requisite Fees: ITAT remands Matter to CIT(A) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore while hearing an Income Tax Appeal, endorsed the medical reasons cited by the Appellant while praying for the condonation of delay to file the...
![Medical Reasons caused Delay in Appeal after Payment of Requisite Fees: ITAT remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN-2.jpg "Medical Reasons caused Delay in Appeal after Payment of Requisite Fees: ITAT remands Matter to CIT(A) [Read Order]")
Illiterate Assessee Running Mobile Shop fails to Comply with Income Tax Notice: ITAT imposes Fine [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order made income tax addition on unexplained income due to non compliance considering the assessee being an illiterate...
![Illiterate Assessee Running Mobile Shop fails to Comply with Income Tax Notice: ITAT imposes Fine [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-notice-on-mobile-shop-TAXSCAN.jpg "Illiterate Assessee Running Mobile Shop fails to Comply with Income Tax Notice: ITAT imposes Fine [Read Order]")
ITAT directs CIT(A) to Conduct Fresh Hearing, Imposes ₹5,000 Cost for Non-Attendance in Appeal [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax(Appeals)[CIT(A)] to conduct a fresh hearing after dismissing the appeal for non-prosecution and...
![ITAT directs CIT(A) to Conduct Fresh Hearing, Imposes ₹5,000 Cost for Non-Attendance in Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Ahmedabad-ITAT-appeal-Cases-TAXSCAN.jpg "ITAT directs CIT(A) to Conduct Fresh Hearing, Imposes ₹5,000 Cost for Non-Attendance in Appeal [Read Order]")
Loss of FD Investments is Capital Loss Not a 'Trading Loss': Telangana HC Upholds Disallowance of Deduction Claim u/s 28 Of Income Tax Act [Read Order]
In a significant case, the Telangana High Court has held that the loss of fixed deposit investments does not qualify as a 'trading loss' for the purposes of claiming deduction from income under...
ITAT Remands Back Appeal to CIT(A) u/s 249(3), Citing Delay in Filing Appeal Not a Valid Ground for Dismissal [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the CIT(A) cannot dismiss an income tax appeal on limitation grounds after condoning the delay. Rambadal Dhunmum Yadav, the...
![ITAT Remands Back Appeal to CIT(A) u/s 249(3), Citing Delay in Filing Appeal Not a Valid Ground for Dismissal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-TAXSCAN-1.jpg "ITAT Remands Back Appeal to CIT(A) u/s 249(3), Citing Delay in Filing Appeal Not a Valid Ground for Dismissal [Read Order]")