![AO Estimates Profit without Rejecting Books, Relies on Faulty Comparison with Sister Concern: ITAT deletes ₹5.82 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/AO-Estimates-Profit-Rejecting-Books-Relies-Faulty-Comparison-Sister-Concern-ITAT-taxscan.jpg "AO Estimates Profit without Rejecting Books, Relies on Faulty Comparison with Sister Concern: ITAT deletes ₹5.82 Crore Addition [Read Order]")
AO Estimates Profit without Rejecting Books, Relies on Faulty Comparison with Sister Concern: ITAT deletes ₹5.82 Crore Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 5.82 crore, holding that the Assessing Officer (AO) failed to...
![Cash Deposits during Demonetisation: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Cash-Deposits-Demonetisation-ITAT-Income-Tax-Act-taxscan.jpg "Cash Deposits during Demonetisation: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]")
![GST Dept has Right to Conduct Preliminary Inquiry Relating to Books of Accounts: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/GST-GST-Dept-Preliminary-Inquiry-Relating-To-Books-Of-Accounts-Punjab-Haryana-HC-Input-Tax-Credit-ITC-CGST-Section-73-of-the-CGST-Act-tax-demand-detection-of-tax-Taxscan.jpg "GST Dept has Right to Conduct Preliminary Inquiry Relating to Books of Accounts: Punjab & Haryana HC [Read Order]")
![Insufficiency of Verification efforts by AO, CIT(A): ITAT deletes Addition w.r.t. Sundry Creditors [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Income-Tax-Section-68-of-Income-Tax-Act-taxscan-3.jpg "Insufficiency of Verification efforts by AO, CIT(A): ITAT deletes Addition w.r.t. Sundry Creditors [Read Order]")
![Cash Seized from Partner’s Premises Cannot Be Adjusted Against Partnership Firm’s Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Bangalore-ITAT-Updates-Partnership-Firm-Tax-TAXSCAN.jpg "Cash Seized from Partner’s Premises Cannot Be Adjusted Against Partnership Firm’s Tax Liability: ITAT [Read Order]")
Torn Papers alone not Sufficient to Prove same Represents Unreported Sales: ITAT Orders Re-adjudication [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) stated that torn papers alone were not sufficient to prove the same papers represents the unreported sales in the books of accounts. The...
![Torn Papers alone not Sufficient to Prove same Represents Unreported Sales: ITAT Orders Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Books-of-accounts-Adjudication-Order-TAXSCAN.jpg "Torn Papers alone not Sufficient to Prove same Represents Unreported Sales: ITAT Orders Re-adjudication [Read Order]")
Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]
In a recent case, the Calcutta High Court set aside the order of the Income Tax Appellate Tribunal ( ITAT ) which affirms the Commissioner of Income Tax (Appeal)’s Order. It was found that the CIT(A)...
![Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-Order-Income-and-Profit-under-ITAT-CIT-income-estimation-failure-TAXSCAN.jpg "Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]")
![Addition of unexplained Investment in stock valuation difference: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-chennai-Investment-in-Stock-Stock-Valuation-Difference-ITAT-ruling-on-Stock-Valuation-Difference-Unexplained-Investment-in-Stock-Valuation-taxscan.jpg "Addition of unexplained Investment in stock valuation difference: ITAT deletes addition [Read Order]")
AO cannot make any estimated Income addition without pointing out specific defects in the Audited Book: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessing officer (AO) cannot make any estimated addition without pointing out specific defects in the audited book. ...
![AO cannot make any estimated Income addition without pointing out specific defects in the Audited Book: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/AO-Income-addition-specific-defects-Audited-Book-ITAT-TAXSCAN.jpg "AO cannot make any estimated Income addition without pointing out specific defects in the Audited Book: ITAT [Read Order]")
CESTAT sets aside Service Tax upheld by Commissioner Which was Shown In Books of Accounts as a Work in Progress [Read Order]
The New Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal,( CESTAT ) set aside the Service Tax upheld by the Commissioner Which was Shown In the Books of Accounts as a Work in...
![CESTAT sets aside Service Tax upheld by Commissioner Which was Shown In Books of Accounts as a Work in Progress [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-Service-Tax-Commissioner-Books-of-Accounts-taxscan.jpg "CESTAT sets aside Service Tax upheld by Commissioner Which was Shown In Books of Accounts as a Work in Progress [Read Order]")
Orders u/r 86A of CGST Rules can be passed by Commissioner or Duly Authorized Officer on Reason to Believe that ITC available in ECL has been Fraudulently Availed: Delhi HC [Read Order]
In a recent decision the Delhi High Court ruled that the orders under Rule 86A of the Central Goods and Services Tax (CGST) Rules, 2017 can be passed by Commissioner or duly authorized officer on...
![Orders u/r 86A of CGST Rules can be passed by Commissioner or Duly Authorized Officer on Reason to Believe that ITC available in ECL has been Fraudulently Availed: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CGST-Rules-Commissioner-or-Duly-Authorized-Officer-Believe-ITC-available-ECL-Fraudulently-Availed-Delhi-HC-TAXSCAN.jpg "Orders u/r 86A of CGST Rules can be passed by Commissioner or Duly Authorized Officer on Reason to Believe that ITC available in ECL has been Fraudulently Availed: Delhi HC [Read Order]")
CESTAT Quashes Service Tax Demand against Umesh Tilak Yadhav on ground of Absence of Examination of Books of Accounts [Read Order]
The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) quashed the service tax demand against Umesh Tilak Yadhav on the grounds of the absence of examination of books of...
![CESTAT Quashes Service Tax Demand against Umesh Tilak Yadhav on ground of Absence of Examination of Books of Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-Service-Tax-Demand-Umesh-Tilak-Yadhav-Examination-of-Books-of-Accounts-Books-of-Accounts-Service-Tax-taxscan.jpg "CESTAT Quashes Service Tax Demand against Umesh Tilak Yadhav on ground of Absence of Examination of Books of Accounts [Read Order]")