![Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Rectification-ITR-Rectification-of-Mistakenly-filed-ITR-by-tax-consultant-tax-consultant-taxscan.jpg "Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]")
Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]
The Mumbai  bench Income Tax Appellate Tribunal (ITAT) directs re-adjudication with respect to rectification application filed for Mistaken in...
![Failure to provide proper reason with respect to Escapement of Income regarding investment in House Construction: ITAT quashes Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Failure-Failure-to-provide-proper-reason-Escapement-of-Income-House-Construction-taxscan.jpg "Failure to provide proper reason with respect to Escapement of Income regarding investment in House Construction: ITAT quashes Reassessment Proceedings [Read Order]")
![Assessee couldnt contact Tax Consultant due to Dislocation of Business: ITAT Remands Order Passed u/s 250 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Bangalore-Income-Tax-Tax-Consultant-TAXSCAN.jpg "Assessee couldnt contact Tax Consultant due to Dislocation of Business: ITAT Remands Order Passed u/s 250 of Income Tax Act [Read Order]")
![Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Genuinity-income-income-earned-from-other-source-interest-expenses-taxscan.jpg "Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]")
![No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-valid-satisfaction-Income-Tax-Act-ITAT-ITAT-quashes-Assessment-Order-taxscan.jpg "No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]")
![Powers of CIT (A) coterminous with that of AO: ITAT upholds CIT(A) Order u/s 250 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Powers-of-CIT-A-CIT-A-AO-ITAT-CITA-Order-taxscan.jpg "Powers of CIT (A) coterminous with that of AO: ITAT upholds CIT(A) Order u/s 250 [Read Order]")
![ITAT deletes disallowance made towards Staff Welfare Expenses without giving opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-disallowance-itat.jpg "ITAT deletes disallowance made towards Staff Welfare Expenses without giving opportunity [Read Order]")
Absence of cogent material to prove Cash Transaction with respect to Purchase of Chemicals: ITAT directs readjudication [Read Order]
The Delhi bench Income Tax Appellate Tribunal (ITAT) directed readjudication in absence of cogent material to prove the cash transactions with respect to purchase of chemicals . The Assessee,...
![Absence of cogent material to prove Cash Transaction with respect to Purchase of Chemicals: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Cash-Transaction-Purchase-of-Chemicals-ITAT-readjudication-TAXSCAN.jpg "Absence of cogent material to prove Cash Transaction with respect to Purchase of Chemicals: ITAT directs readjudication [Read Order]")
Failure to establish Ingredients prescribed u/s 68 of Income Tax Act : ITAT upholds addition [Read Order]
The Kolkata  bench Income Tax Appellate Tribunal (ITAT) while confirming the addition made by the assessing officer held that the assessee failed to establish the ingredients prescribed uner...
![Failure to establish Ingredients prescribed u/s 68 of Income Tax Act : ITAT upholds addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Failure-Ingredients-Income-Tax-Act-ITAT-ITAT-upholds-addition-income-tax-itat-kolkata-taxscan.jpg "Failure to establish Ingredients prescribed u/s 68 of Income Tax Act : ITAT upholds addition [Read Order]")
AO's Power is limited to Overlook Fairness of Share Valuation Report, not to change Valuation Method Adopted: ITAT [Read Order]
In a recent ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Assessing Officer’s power is limited to overlook fairness and reasonableness of share valuation report,...
Failure to prove Malafide purpose of Shifting Profit under Client code modification: ITAT quashes Reassessment Proceedings [Read Order]
The Delhi bench Income Tax Appellate Tribunal ( ITAT )Â quashed the reassessment proceedings due to failing to prove the malafide purpose of shifting the profit under Client code modification by the...
![Failure to prove Malafide purpose of Shifting Profit under Client code modification: ITAT quashes Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Reassessment-Proceedings-TAXSCAN.jpg "Failure to prove Malafide purpose of Shifting Profit under Client code modification: ITAT quashes Reassessment Proceedings [Read Order]")
Receipts from construction of Plant and Machinery eligible for adjusting against the expenses on Capital Work in Progress: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that receipts from construction of plant and machinery are eligible for adjusting against the expenses on capital work in progress. ...
![Receipts from construction of Plant and Machinery eligible for adjusting against the expenses on Capital Work in Progress: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Receipts-from-construction-Plant-and-Machinery-expenses-Capital-Work-Progress-ITAT-TAXSCAN.jpg "Receipts from construction of Plant and Machinery eligible for adjusting against the expenses on Capital Work in Progress: ITAT [Read Order]")