![SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075225-sbn-deposits-sbn-deposits-not-unexplained-income-taxscan.webp "SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]")
SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that deposits of Specified Bank Notes (SBNs) made during the demonetisation...
![ITAT Weekly Round-up [August 2nd- August 9th]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074798-itat-weekly-roundup-taxscan.webp "ITAT Weekly Round-up [August 2nd- August 9th]")
![Wedding Gifts Not Taxable under Income Tax: ITAT deletes ₹10 Lakh Cash Deposit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074781-wedding-gifts-wedding-gifts-not-taxable-under-income-tax-taxscan.webp "Wedding Gifts Not Taxable under Income Tax: ITAT deletes ₹10 Lakh Cash Deposit Addition [Read Order]")
![CIT(A) Mistakes Appeal Against 143(1) Intimation as u/s 154 Order: ITAT Sets Aside Dismissal, Remands for Fresh Adjudication on 80P Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/08/08/250x150_2074313-fresh-adjudication-taxscan.webp "CIT(A) Mistakes Appeal Against 143(1) Intimation as u/s 154 Order: ITAT Sets Aside Dismissal, Remands for Fresh Adjudication on 80P Deduction [Read Order]")
![NFAC Apologises for Denial of Hearing Due to Oversight and Huge Case Pendency: Calcutta HC Remands Matter for Fresh Disposal [Read Order]](https://images.taxscan.in/h-upload/2025/08/07/250x150_2073990-nfac-itat-taxscan.webp "NFAC Apologises for Denial of Hearing Due to Oversight and Huge Case Pendency: Calcutta HC Remands Matter for Fresh Disposal [Read Order]")
![Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part VI]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2072050-half-yearly-income-tax-case-digest-income-tax-case-digest-income-tax-taxscan.webp "Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part VI]")
![ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]](https://images.taxscan.in/h-upload/2025/08/04/500x300_2072982-itat-itat-directs-ao-to-delete-surcharge-and-cess-taxscan.webp "ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]")
Adjustment of ₹31.22 Lakh to LTCG: ITAT Remands Case to CIT(A) With One Final Opportunity [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT ) remanded the matter to the Commissioner of IncomeTax (Appeals)[CIT(A)] with one final opportunity after noting an adjustment of ...
![Adjustment of ₹31.22 Lakh to LTCG: ITAT Remands Case to CIT(A) With One Final Opportunity [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072483-ltcg-itat-remands-case-taxscan.webp "Adjustment of ₹31.22 Lakh to LTCG: ITAT Remands Case to CIT(A) With One Final Opportunity [Read Order]")
![Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part V]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2072035-itat-case-digest-taxscan.webp "Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part V]")
MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the CIT(A)’s direction to allow Minimum Alternate Tax (MAT) credit of Rs. 29,94,40,364 under Section 115JAA of the Income Tax Act,...
![MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071545-itat-mumbai-mat-credit-mat-credit-revised-taxscan.webp "MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]")
Income Tax Computation without Brought-Forward Business Losses, Unabsorbed Depreciation: ITAT Quashes CIT(A) Order [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), in a recent ruling set aside the order Commissioner of Income Tax (Appeals) ( CIT(A) ) that had summarily dismissed an...
![Income Tax Computation without Brought-Forward Business Losses, Unabsorbed Depreciation: ITAT Quashes CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071266-itat-directs-ao-itat-taxscan-2.webp "Income Tax Computation without Brought-Forward Business Losses, Unabsorbed Depreciation: ITAT Quashes CIT(A) Order [Read Order]")
Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of the addition of Rs. 6,93,00,000 under Section 68 of the Income Tax Act, 1961, and ruled that the loan transaction...
![Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071634-unexplained-credit-unexplained-credit-addition-section-68-of-the-income-tax-act-taxscan.webp "Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]")