![Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on Mismatch of Sales [Read Order]](https://images.taxscan.in/h-upload/2025/11/08/500x300_2103269-incometax-addition-taxscan.webp "Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on Mismatch of Sales [Read Order]")
Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on Mismatch of Sales [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of ₹8,87,104 made on account of the alleged mismatch of sales for...
![Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/250x150_2103088-deduction-bank-charges-interest-income-itat-bank-charges-allowable-taxscan.webp "Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]")
![Partial Relief Granted on Cash Deposits During Demonetisation: ITAT Restricts Addition to ₹6,000 under Income Tax [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/250x150_2102940-cash-deposit-demonetization-taxscan.webp "Partial Relief Granted on Cash Deposits During Demonetisation: ITAT Restricts Addition to ₹6,000 under Income Tax [Read Order]")
![ITAT Deletes Penalties u/s 271(1)(c) for Four Years Citing Vague and Defective IT Notice [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102754-incometax-notice-taxscan.webp "ITAT Deletes Penalties u/s 271(1)(c) for Four Years Citing Vague and Defective IT Notice [Read Order]")
![Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102287-tax-audit-itat-itat-deletes-addition-applicable-when-turnover-taxscan.webp "Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]")
No Defect in Books Found: ITAT Upholds Deletion of Ad-Hoc 5% Disallowance on Various Business Expenses [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) confirmed the deletion of an ad-hoc disallowance of 5% of various business expenses made under Section 37(1) of the Income Tax Act, 1961....
![No Defect in Books Found: ITAT Upholds Deletion of Ad-Hoc 5% Disallowance on Various Business Expenses [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102187-itat-disallowance-business-expenses-various-business-expenses-no-defect-in-books-found-taxscan.webp "No Defect in Books Found: ITAT Upholds Deletion of Ad-Hoc 5% Disallowance on Various Business Expenses [Read Order]")
CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]
The Bangalore Bench of Income Tax AppellateTribunal ( ITAT ) condoned a delay of 498 days in filing an appeal and remanded a capital gains dispute for fresh verification, after finding that the ...
![CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101893-ca-mistakenly-identified-sale-agreement-sale-deed-itat-condones-delay-remands-capital-gains-taxscan.webp "CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]")
Delhi HC Dismisses Revenue’s Appeal as Penalty u/s 271E Held Time-Barred: Limitation Starts from AO’s Notice, Not ACIT’s Action [Read Order]
The Delhi High Court reaffirmed in Thapar Homes Pvt. Ltd. that penalty proceedings under Section 271E of the Income Tax Act, 1961, must be completed within the statutory limitation period calculated...
![Delhi HC Dismisses Revenue’s Appeal as Penalty u/s 271E Held Time-Barred: Limitation Starts from AO’s Notice, Not ACIT’s Action [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101581-delhi-hc-dismisses-revenues-appeal-penalty-us-271e-limitation-starts-from-ao-notice-acits-action-txn.webp "Delhi HC Dismisses Revenue’s Appeal as Penalty u/s 271E Held Time-Barred: Limitation Starts from AO’s Notice, Not ACIT’s Action [Read Order]")
AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBI's Calculation [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restricted the disallowance made under Section 14A of the Income Tax Act to the suo-motu disallowance already computed by the assessee ...
![AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBIs Calculation [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101461-proper-satisfaction-itat-disallowance-sidbis-sidbis-calculation-itat-restricts-disallowance-taxscan.webp "AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBIs Calculation [Read Order]")
Exemption u/s 10(25)(ii) Denied for Filing Return in Wrong Form: ITAT says it’s Procedural Lapse, Restores Matter to AO [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) restored matter to the Assessing Officer (AO) after holding that denial of exemption under Section 10(25)(ii) merely due to filing the ...
![Exemption u/s 10(25)(ii) Denied for Filing Return in Wrong Form: ITAT says it’s Procedural Lapse, Restores Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100857-exemption-filing-return-in-wrong-form-itat-procedural-lapse-restores-matter-taxscan.webp "Exemption u/s 10(25)(ii) Denied for Filing Return in Wrong Form: ITAT says it’s Procedural Lapse, Restores Matter to AO [Read Order]")
Sale of Ancestral Property and Reinvestment in More than One Residential Units: Delhi HC says Multiple Investments Eligible for Exemption u/s 54 [Read Order]
The bench of the Delhi High Court ruled that exemption under Section 54 of the Income Tax Act, 1961, is not confined to investment in a single residential property. The Court upheld that...
![Sale of Ancestral Property and Reinvestment in More than One Residential Units: Delhi HC says Multiple Investments Eligible for Exemption u/s 54 [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100819-sale-of-ancestral-property-ancestral-property-ancestral-property-and-reinvestment-taxscan.webp "Sale of Ancestral Property and Reinvestment in More than One Residential Units: Delhi HC says Multiple Investments Eligible for Exemption u/s 54 [Read Order]")
Block Assessments Invalid Due to Defective Satisfaction Note: ITAT Quashes S.153C Proceedings in Income Tax Case [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Delhi examining the jurisdiction to frame search-based assessments under Section 153C of the IncomeTax Act, 1961, held that the initiation of...
![Block Assessments Invalid Due to Defective Satisfaction Note: ITAT Quashes S.153C Proceedings in Income Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/500x300_2100172-itat-delhi-itat-quashes-income-tax-case-taxscan.webp "Block Assessments Invalid Due to Defective Satisfaction Note: ITAT Quashes S.153C Proceedings in Income Tax Case [Read Order]")