![CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-CITA-Income-Tax-Return-Income-Tax-CITA-Fails-Commissioner-of-Income-Tax-Appeals-Taxscan.jpg "CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]")
CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]
A two-member bench of the Income Tax Appellate Tribunal (ITAT) in Cuttack has restored a case to the Commissioner of Income Tax Appeals (CIT (A))...
![Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Short-Term-Capital-Gain-Assessment-Property-Acquisition-Original-Allotment-ITAT-Overturned-Capital-Gain-taxscan.jpg "Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]")
![CIT(A) fails to Address Key issue on Adjustment of Actual Expenditure against Provisions: ITAT remands matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-CIT-Adjustment-of-Actual-Expenditure-Expenditure-Against-Provisions-TAXSCAN.jpg "CIT(A) fails to Address Key issue on Adjustment of Actual Expenditure against Provisions: ITAT remands matter [Read Order]")
![No Sufficient Cause Shown: ITAT dismisses Income Tax Appeal due to Inordinate Delay in Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-dismisses-Income-Tax-Appeal-Inordinate-Delay-No-Sufficient-Cause-Shown-ITAT-pune-Inordinate-Delay-in-Filing-Income-Tax-Appellate-Tribunal-ITAT-TAXSCAN.jpg "No Sufficient Cause Shown: ITAT dismisses Income Tax Appeal due to Inordinate Delay in Filing [Read Order]")
![Depreciation claim on Non Compete Fee Allowable Under Income Tax Act: ITAT Deletes Penalty Imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Depreciation-claim-Depreciation-claim-on-Non-Compete-Fee-Under-Income-Tax-Act-Income-Tax-Act-income-tax-news-ITAT-delhi-ITAT-Income-Tax-Appellate-Tribunal-Penalty-Imposed-taxscan.jpg "Depreciation claim on Non Compete Fee Allowable Under Income Tax Act: ITAT Deletes Penalty Imposed [Read Order]")
![Penalty u/s 271B for Not Filing Audit Report: ITAT upholds Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Penalty-under-section-271B-ITAT-Audit-Report-Income-Tax-Appellate-Tribunal-under-section-271-income-tax-news-ITAT-Chennai-taxscan-1.jpg "Penalty u/s 271B for Not Filing Audit Report: ITAT upholds Order [Read Order]")
Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has directed that interest paid on borrowings to acquire property should be deductible from the sale consideration, ordering the...
![Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Appellate-Tribunal-ITAT-ITAT-chennai-Capital-Gain-Long-Term-Capital-Gains-taxscan.jpg "Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]")
Gujarat HC rules Admission Fee Paid to Educational Trust is Corpus Donation, allows Exemption u/s 11(1)(d) of Income Tax Act [Read Order]
The Gujarat High Court has ruled that admission fees paid to a charitable educational trust can be considered a corpus donation and are thus eligible for exemption under Section 11(1)(d) of the...
![Gujarat HC rules Admission Fee Paid to Educational Trust is Corpus Donation, allows Exemption u/s 11(1)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Gujarat-High-Court-Gujarat-HC-Income-Tax-Act-Income-Tax-Corpus-Donation-capitation-fee-taxscan.jpg "Gujarat HC rules Admission Fee Paid to Educational Trust is Corpus Donation, allows Exemption u/s 11(1)(d) of Income Tax Act [Read Order]")
Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 1.17 crore under Section 68 of the Income Tax Act, 1961 as the taxpayer had discharged the burden to prove...
![Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Income-Tax-Addition-Taxpayer-ITAT-mumbai-Section-68-of-the-Income-Tax-Act-taxscan.jpg "Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]")
Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of Rs. 4.45 crore under Section 69, of Income Tax Act, 1961 ruling that money introduced from JDS Industries is...
![Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/site-img-4.jpg "Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order]")
Ratification Order under Income Tax Act Passed on Non Existing Entity is Invalid: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that a rectification order passed in the name of a non-existent entity, despite informing Revenue regarding its merger is invalid. ...
![Ratification Order under Income Tax Act Passed on Non Existing Entity is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-ITAT-Ratification-Income-Tax-Appellate-Tribunal-non-existent-entity-Income-Tax-taxscan.jpg "Ratification Order under Income Tax Act Passed on Non Existing Entity is Invalid: ITAT [Read Order]")
Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) after deleting the addition made by the assessing officer held that reopening of assessment is not permissible in respect of protective...
![Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Reopening-of-Assessment-permissible-Protective-Addition-Assumption-ITAT-taxscan.jpg "Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]")