![AO added Rs.89,49,138 u/s 69A as unexplained money, Taxpayer submitted paper book explaining each entries: ITAT Remands Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Section-69A-unexplained-money-Taxpayer-submitted-paper-book-ITAT-Remands-Matter-Assessing-Officer-AO-taxscan.jpg "AO added Rs.89,49,138 u/s 69A as unexplained money, Taxpayer submitted paper book explaining each entries: ITAT Remands Matter for Reconsideration [Read Order]")
AO added Rs.89,49,138 u/s 69A as unexplained money, Taxpayer submitted paper book explaining each entries: ITAT Remands Matter for Reconsideration [Read Order]
The Ranchi Bench of Income Tax Appellate Tribunal (ITAT) remanded the addition of Rs. 89,49,138 under section 69A of the Income Tax Act matter back...
![Non-Compliance Due to Notice for Seven AYs Issued in Short Period: ITAT Deletes 6 Penalties, Upholds Only One [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Non-Compliance-6-Penalties-Seven-AYs-ITAT-Deletes-ITAT-Surat-year-penalty-Short-Period-taxscan.jpg "Non-Compliance Due to Notice for Seven AYs Issued in Short Period: ITAT Deletes 6 Penalties, Upholds Only One [Read Order]")
![CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-CIT-Rejects-Merit-Discussion-ITAT-ITAT-Remits-Case-for-Fresh-Hearing-Delhi-Bench-of-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-Section-143-Section-254-taxpayer-Taxscan.jpg "CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]")
![CIT(A) Makes Addition Without Considering NRIs Only 50% Ownership Claim in Property: ITAT Remands Matter for Proper Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-CITA-Makes-Addition-Without-Considering-NRIs-ITAT-ITAT-Remands-Matter-for-Proper-Hearing-Ahmedabad-Bench-of-the-Income-Tax-Appellate-Tribunal-Income-Tax-Act-capital-gains-TAXSCAN.jpg "CIT(A) Makes Addition Without Considering NRIs Only 50% Ownership Claim in Property: ITAT Remands Matter for Proper Hearing [Read Order]")
![Challenge Against AOs 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Audit-Report-ITAT-Submission-of-Audit-Report-Ahmedabad-Bench-of-the-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-submission-of-the-audit-report-Assessing-Officer-Taxcan-1.jpg "Challenge Against AOs 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]")
ITAT upholds AO's Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the disallowance of short-term capital loss which was already adjusted in the previous assessment year (AY) but deleted the penalty...
![ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-STCL-AOs-Disallowance-STCL-Due-to-Adjustment-Income-Tax-Appellate-Tribunal-previous-assessment-year-Commissioner-of-Tax-Taxscan.jpg "ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]")
Relief to Huawei: Delhi HC Rules AY 2013-14 Assessment Time-Barred Due to Inaction After ITAT's Remand [Read Order]
In the recent ruling,the High Court of Delhi granted relief to Huawei Telecommunications India, ruling that the assessment for the assessment year(AY) 2013-14 was time-barred due to inaction by the...
No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore recently held that no penalty may be levied on an Assessee if they have made genuine disclosure of their Long Term Capital Gains (LTCG) while...
![No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-Bangalore-ITAT-Bangalore-LTCG-LTCG-Amount-ITAT-Deletes-Income-Tax-Penalty-Commissioner-of-Income-Taxes-CIT-Taxscan.jpg "No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]")
Petitioners Entitled to Prior Notice Before Adverse Conclusion on Capital Gains Account: Madras HC quashes Assessment Order [Read Order]
In a recent ruling, the Madras High Court quashed the assessment order and held that petitioners were entitled to prior notice before the department arrived at an adverse conclusion on the capital...
![Petitioners Entitled to Prior Notice Before Adverse Conclusion on Capital Gains Account: Madras HC quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Madras-HC-quashes-Assessment-order-Capital-Gains-Account-Conclusion-on-Capital-Gains-Account-Madras-High-Court-assessment-order-Assessment-Year-2014-2015-Pahilajrai-Lund-Taxscan.jpg "Petitioners Entitled to Prior Notice Before Adverse Conclusion on Capital Gains Account: Madras HC quashes Assessment Order [Read Order]")
ITAT Dismisses Appeal as Withdrawn Following Application Under Vivad Se Vishwas Scheme [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) dismissed the appeal filed by the assessee following a request for withdrawal due to the application under the Vivad Se Vishwas Scheme 2024....
![ITAT Dismisses Appeal as Withdrawn Following Application Under Vivad Se Vishwas Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Dismisses-Appeal-Vivad-Se-Vishwas-Scheme-Ahmedabad-Bench-of-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Income-tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT Dismisses Appeal as Withdrawn Following Application Under Vivad Se Vishwas Scheme [Read Order]")