![ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-DSIR-Soft-Loan-Taxscan.jpg "ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]")
ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) allowed a weighted deduction under Section 35(2AB) of Income Tax Act,1961 for the...
![“No delay in filing appeal before CIT(A)”: ITAT considers COVID-19 Limitation Extension [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Cuttak-COVID-19-Limitation-Extension-Taxscan.jpg "“No delay in filing appeal before CIT(A)”: ITAT considers COVID-19 Limitation Extension [Read Order]")
![ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Remits-ITAT-Remits-Case-CITA-Reassessment-Cash-Deposits-Additional-Evidence-Commissioner-of-Income-TaxAppeals-taxscan.jpg "ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]")
![Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Interest-Income-Taxscan.jpg "Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]")
![“Acceptance of Explanation for Delay should be the Rule and Refusal, An Exception”: ITAT Condones 236-Day Delay in Appeal Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Condones-Condones-236-Day-Taxscan.jpg "“Acceptance of Explanation for Delay should be the Rule and Refusal, An Exception”: ITAT Condones 236-Day Delay in Appeal Filing [Read Order]")
ITAT upholds CIT(A)'s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]'s decision to delete additions made under Section 68 of the Income Tax Act,1961 for...
![ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Citing-Sufficient-Cash-Balance-Sufficient-Cash-Balance-Cash-Balance-Lack-of-Evidence-Accommodation-Entries-TAXSCAN.jpg "ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]")
Income Tax Appeal filed on Paper dismissed w/o Hearing Opportunity: ITAT directs Re-Adjudication [Read Order]
In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) of has directed a re-adjudication after dismissing an appeal filed offline without a hearing. In this case,...
![Income Tax Appeal filed on Paper dismissed w/o Hearing Opportunity: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/TAT-ITAT-Ahmedabad-Re-Adjudication-Income-Tax-Appeal-filed-Taxscan.jpg "Income Tax Appeal filed on Paper dismissed w/o Hearing Opportunity: ITAT directs Re-Adjudication [Read Order]")
Capital Gains Arising Out of Sale of Long-Term Capital Assets Shall Be Taxable at Rate of 20% u/s 112 Of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that capital gains arising from the sale of long-term capital assets shall be taxable at a rate of 20% under Section 112 of the Income...
![Capital Gains Arising Out of Sale of Long-Term Capital Assets Shall Be Taxable at Rate of 20% u/s 112 Of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Capital-Gains-Sale-of-Long-Term-Capital-Assets-Taxable-at-Rate-Section-112-of-the-Income-Tax-taxscan.jpg "Capital Gains Arising Out of Sale of Long-Term Capital Assets Shall Be Taxable at Rate of 20% u/s 112 Of Income Tax Act: ITAT [Read Order]")
Repeated Non-appearance before CIT(A) & AO without Justifiable Cause: ITAT Confirms Addition & Penalty on Unexplained Transaction of ₹83.4L [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed the addition and penalty on unexplained transactions of Rs. 83.4 lakhs due to the assessee's repeated non-appearance before...
![Repeated Non-appearance before CIT(A) & AO without Justifiable Cause: ITAT Confirms Addition & Penalty on Unexplained Transaction of ₹83.4L [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-ITAT-Confirms-Repeated-Non-appearance-Penalty-on-Unexplained-Transaction-Justifiable-Cause-assessing-officer-taxscan.jpg "Repeated Non-appearance before CIT(A) & AO without Justifiable Cause: ITAT Confirms Addition & Penalty on Unexplained Transaction of ₹83.4L [Read Order]")
ITAT upholds CIT(A) findings on Unsecured Loans, Citing Lack of Incriminating Evidence [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the findings of the Commissioner of Income Tax (Appeals)[ CIT(A) ] regarding unsecured loans for the assessment year (AY) 2015-2016,...
![ITAT upholds CIT(A) findings on Unsecured Loans, Citing Lack of Incriminating Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Unsecured-Loans-CITA-Taxscan.jpg "ITAT upholds CIT(A) findings on Unsecured Loans, Citing Lack of Incriminating Evidence [Read Order]")
Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]
In a significant ruling, the Gujarat High Court has held that Income tax recovery proceedings cannot initiate during pendency of appeals before Commissioner Of Income Tax ( Appeals ) (...
![Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-High-Court-Income-Tax-CITA-Taxscan.jpg "Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]")
ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s deletion of a Rs.6.43 crore addition, ruling that the loan received from a wholly...
![ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-CITA-Loan-Taxscan.jpg "ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]")