![Deletion of Addition u/s 68 against Bharat Auto based on Vague, Unsubstantiate and Cryptic Findings: ITAT Directs Re-adjudication [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/Deletion-of-Addition-Bharat-Auto-based-on-Vague-Unsubstantiate-and-Cryptic-Findings-ITAT-Directs-Re-adjudication-Re-adjudication-ITAT-Income-Tax-Act-TAXSCAN.jpg "Deletion of Addition u/s 68 against Bharat Auto based on Vague, Unsubstantiate and Cryptic Findings: ITAT Directs Re-adjudication [Read Notification]")
Deletion of Addition u/s 68 against Bharat Auto based on Vague, Unsubstantiate and Cryptic Findings: ITAT Directs Re-adjudication [Read Notification]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the deletion of addition under Section 68 of the Income...
![Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Insurance-Activities-Cooperative-Society-Banking-Business-ITAT-Disallowance-of-Deduction-Income-Tax-Act-TAXSCAN.jpg "Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]")
![Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Additions-Income-Tax-Act-Income-Tax-Income-Tax-Act-cant-be-Initiated-by-AO-without-Furnishing-Necessary-Evidences-AO-ITAT-Taxscan.jpg "Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]")
![No Income Tax Addition can be made u/s 68 of Income Tax Act if AO Assessed the Agricultural Income Excluding Leased Land, and not in Accordance with Previous AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Income-Tax-Addition-Income-Tax-Act-AO-Assessed-Agricultural-Income-Land-Accordance-AY-ITAT-TAXSCAN.jpg "No Income Tax Addition can be made u/s 68 of Income Tax Act if AO Assessed the Agricultural Income Excluding Leased Land, and not in Accordance with Previous AY: ITAT [Read Order]")
![Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reserves-Subsidy-Reserves-and-Subsidy-created-out-of-Profit-Profit-deduction-Tax-deduction-of-Tax-taxscan.jpg "Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]")
When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act can't be attracted: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that when the property claimed is different from the property referred to in the sale agreement then benefit under Section 54 of the...
![When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Property-Property-Sale-Agreement-Income-Tax-Act-ITAT-TAXSCAN.jpg "When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]")
Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the depreciation on Solar Power Plants shall be allowed if electricity is generated for the captive use of the factory. The...
![Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Depreciation-Solar-Power-Plant-Depreciation-on-Solar-Power-Depreciation-on-Solar-Power-Plant-shall-be-allowed-if-Electricity-is-Generated-for-captive-use-of-Factory-ITAT-taxscan.jpg "Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]")
Cash Deposited in Bank Accounts during Demonetization Period reflected in Books of Account of Company: ITAT deletes Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), while deleting the addition made by the Assessing officer (AO), determined that the cash deposited in bank accounts during the...
![Cash Deposited in Bank Accounts during Demonetization Period reflected in Books of Account of Company: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Cash-Deposited-Bank-Accounts-Demonetization-Period-Demonetization-Books-of-Account-of-Company-Books-of-Account-ITAT-deletes-Addition-ITAT-Addition-taxscan.jpg "Cash Deposited in Bank Accounts during Demonetization Period reflected in Books of Account of Company: ITAT deletes Addition [Read Order]")
![Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Mere-Change-of-Opinion-Jurisdiction-Re-Open-Assessment-Bombay-HC-Taxscan.jpg "Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]")
Activities of Rajasthan State Road Transport Corporation does not Fall under ‘Charitable nature’, Entitled to Sec 11 Exception: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has recently in appeals filed before it, held that the activities of Rajasthan State road transport corporation do not fall under “Charitable...
![Activities of Rajasthan State Road Transport Corporation does not Fall under ‘Charitable nature’, Entitled to Sec 11 Exception: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Rajasthan-State-Road-Transport-Corporation-Charitable-nature-ITAT-TAXSCAN.jpg "Activities of Rajasthan State Road Transport Corporation does not Fall under ‘Charitable nature’, Entitled to Sec 11 Exception: ITAT [Read Order]")
![Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cash-deposited-Demonetization-ITAT-Assessment-CBDT-guidelines-TAXSCAN.jpg "Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]")
![Relief to HP: ITAT allows Working Capital Adjustment Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/HP-ITAT-allows-Working-Capital-Adjustment-Claim-TAXSCAN.jpeg "Relief to HP: ITAT allows Working Capital Adjustment Claim [Read Order]")