![ITAT Upholds Deletion of ₹11.73 Cr Unexplained Cash Credit Addition Citing AOs Reliance on Unverified STR Information [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/500x300_2065627-itat-itat-upholds-deletion-unexplained-cash-credit-cash-credit-addition-citing-aos-reliance-taxscan.webp "ITAT Upholds Deletion of ₹11.73 Cr Unexplained Cash Credit Addition Citing AOs Reliance on Unverified STR Information [Read Order]")
ITAT Upholds Deletion of ₹11.73 Cr Unexplained Cash Credit Addition Citing AO's Reliance on Unverified STR Information [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of an addition of Rs. 11,73,52,801 made by the Assessing Officer...
![Total Income 100% Tax-Exempt if S.80P Deduction Allowed: ITAT dismisses appeal noting No Effect on Disallowances [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2065030-total-income-tax-exempt-if-s80p-deduction-allowed-tax-exempt-deduction-itat-itat-dismisses-appeal-taxscan.webp "Total Income 100% Tax-Exempt if S.80P Deduction Allowed: ITAT dismisses appeal noting No Effect on Disallowances [Read Order]")
![Kerala HC Grants Relief to Spice Exporter: Stays Coercive Action Until Appeal is Heard [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2065011-kerala-hc.webp "Kerala HC Grants Relief to Spice Exporter: Stays Coercive Action Until Appeal is Heard [Read Order]")
![Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2064928-seized-documents-taxscan.webp "Addition of Rs. 46.87 Lakhs Based on Partner’s Seized Documents: ITAT Quashes Assessment for Bypassing S.153C Procedure [Read Order]")
![Assessee could not Produce Evidence before Tribunal due to Judicial Custody: ITAT sets aside Addition of Bank Credits to Income Tax [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/250x150_2064490-assessee-could-not-produce-evidence-produce-evidence-evidence-produce-evidence-before-tribunal-due-taxscan.webp "Assessee could not Produce Evidence before Tribunal due to Judicial Custody: ITAT sets aside Addition of Bank Credits to Income Tax [Read Order]")
Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 58,50,000 made under Section 69A of the Income Tax Act, 1961, as unexplained money and held that the provision...
![Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/17/500x300_2064555-unexplained-money-taxscan.webp "Section 69A Inapplicable For Audited Cash Deposits: ITAT Deletes ₹58.50 Lakh Unexplained Money Addition [Read Order]")
Relief for IndiGo: ITAT Upholds Deletion of Rs. 11.05 Crore Disallowance u/s 37 as AO’s Final Assessment Confirms Nil Income [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of Rs. 11.05 crore disallowance under section 37 in favor of Interglobe Aviation Limited ( IndiGo ), observing that the...
![Relief for IndiGo: ITAT Upholds Deletion of Rs. 11.05 Crore Disallowance u/s 37 as AO’s Final Assessment Confirms Nil Income [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064435-relief-for-indigo-indigo-itat-itat-upholds-deletion-of-rs-1105-crore-disallowance-taxscan.webp "Relief for IndiGo: ITAT Upholds Deletion of Rs. 11.05 Crore Disallowance u/s 37 as AO’s Final Assessment Confirms Nil Income [Read Order]")
Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed the Revenue department’s appeal and also upheld the deletion of an income tax addition of ₹3,07,09,348 under Section...
![Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064325-assessee-produced-documentary-evidence-documentary-evidence-taxscan.webp "Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]")
Bank Account Attached by Income Tax Dept: Madras HC Allows Instalment Payment of 20% Tax, Orders De-Freezing After 1st instalment [Read Order]
The Madras High Court has set aside an Income Tax attachment order on the condition that the taxpayer pays 20% of the disputed demand in instalments. The court has directed to defreeze the bank...
![Bank Account Attached by Income Tax Dept: Madras HC Allows Instalment Payment of 20% Tax, Orders De-Freezing After 1st instalment [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064132-bank-account-bank-account-attached-by-income-tax-dept-income-tax-dept-income-tax-madras-hc-taxscan.webp "Bank Account Attached by Income Tax Dept: Madras HC Allows Instalment Payment of 20% Tax, Orders De-Freezing After 1st instalment [Read Order]")
Delhi HC Stays ₹1,140 Crore Angel Tax Demand Against OYO, Offering Temporary Relief Ahead of IPO Plans
In a recent development, the Delhi High Court stayed a Rs. 1,140 crore angel tax demand raised by the Income Tax Department against Oravel Stays Pvt. Ltd, the parent company of travel tech firm OYO,...
Taxpayer Can Raise Additional Claims Before Appellate Authorities: ITAT Allows ₹4.90 Cr ESOP claim [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a deduction of Rs. 4,90,35,650 for Employee Stock Option Plans (ESOPs) expenses, including an additional claim of Rs. ...
![Taxpayer Can Raise Additional Claims Before Appellate Authorities: ITAT Allows ₹4.90 Cr ESOP claim [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062785-esop-itat-taxscan.webp "Taxpayer Can Raise Additional Claims Before Appellate Authorities: ITAT Allows ₹4.90 Cr ESOP claim [Read Order]")
Relief for Aditya Birla: ITAT Rules Disallowance u/s 40(a) Cannot Be Retaxed if Provision Reversed in Subsequent Year [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that disallowance under Section 40(a) for earlier years cannot be added back again when the entire provision has been reversed in a...
![Relief for Aditya Birla: ITAT Rules Disallowance u/s 40(a) Cannot Be Retaxed if Provision Reversed in Subsequent Year [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062770-ca-chartered-accountant-ca-job-vacancy-mba-vacancy-jobscan-taxscan.webp "Relief for Aditya Birla: ITAT Rules Disallowance u/s 40(a) Cannot Be Retaxed if Provision Reversed in Subsequent Year [Read Order]")