![Revisional Powers Justified where AO Accepted Returned Income without Verification: ITAT Orders Fresh Assessment allowing Proof [Read Order]](https://images.taxscan.in/h-upload/2025/09/08/500x300_2084667-revisional-powers-returned-income-itat-fresh-assessment-taxscan.webp "Revisional Powers Justified where AO Accepted Returned Income without Verification: ITAT Orders Fresh Assessment allowing Proof [Read Order]")
Revisional Powers Justified where AO Accepted Returned Income without Verification: ITAT Orders Fresh Assessment allowing Proof [Read Order]
The Income Tax Appellate Tribunal, Chennai, held that revisional powers under Section 263 are justified where the Assessing Officer (AO) accepted...
![AO’s Comprehensive Scrutiny Nullifies Alleged Lack of Inquiry u/s. 263: ITAT Sets Aside PCIT Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/08/250x150_2084628-lack-of-inquiry-itat-pcit-taxscan.webp "AO’s Comprehensive Scrutiny Nullifies Alleged Lack of Inquiry u/s. 263: ITAT Sets Aside PCIT Order [Read Order]")
![Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/250x150_2083448-simultaneous-deductions-itat-supreme-court-appeal-taxscan.webp "Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]")
![CIT(A) Obligated to Dispose Off Appeal on Merits, Cannot Dismiss on Non-Prosecution of Assessee: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/250x150_2082147-cita-appeal-merits-non-prosecution-itat-taxscan.webp "CIT(A) Obligated to Dispose Off Appeal on Merits, Cannot Dismiss on Non-Prosecution of Assessee: ITAT [Read Order]")
![Real Estate Firm’s EDC Payments to HUDA is of Contractual Nature, Liable to TDS u/194(c): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/250x150_2081008-itat-haryana-urban-development-authority-taxscan.webp "Real Estate Firm’s EDC Payments to HUDA is of Contractual Nature, Liable to TDS u/194(c): ITAT [Read Order]")
S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate Inquiry: Madras HC Upholds AO’s Order [Read Order]
In a recent ruling, the Madras High Court held that Section 263 of theIncome Tax Act, 1961 can be invoked only in cases of “lack of inquiry” and not merely for “inadequate inquiry.” Arul...
![S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate Inquiry: Madras HC Upholds AO’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/500x300_2080369-income-tax-act-lack-of-inquiry-madras-hc-taxscan.webp "S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate Inquiry: Madras HC Upholds AO’s Order [Read Order]")
Taxpreparer files ITR-U showing Higher Income without Taxpayer’s Knowledge as OTP Shared: ITAT Remands for Verification [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) remanded a matter for verification where a tax preparer filed an updated Income Tax Returns (ITR-U) showing higher income without the ...
![Taxpreparer files ITR-U showing Higher Income without Taxpayer’s Knowledge as OTP Shared: ITAT Remands for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/500x300_2080303-itr-u-higher-income-itat-taxscan.webp "Taxpreparer files ITR-U showing Higher Income without Taxpayer’s Knowledge as OTP Shared: ITAT Remands for Verification [Read Order]")
No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, comprising Judicial Member Ravish Sood and Accountant Member S. Balakrishnan, dealt with the issue of rejection of a trust’s...
![No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079733-show-misuse-itat-permanent-registration-taxscan.webp "No records to Show Misuse of Activities Inconsistent with Objects: ITAT restores Trust’s Application for Permanent Registration [Read Order]")
KSEB is "State": ITAT Rules Cash Payments to Govt. utilities Fall u/s 40A(3) Exception, Deletes Disallowance [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Cochin Bench has deleted a disallowance made against a business for paying its electricity bill in cash. The tribunal ruled that the Kerala State ...
![KSEB is State: ITAT Rules Cash Payments to Govt. utilities Fall u/s 40A(3) Exception, Deletes Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078704-kseb-itat-exception-deletes-disallowance-taxscan.webp "KSEB is State: ITAT Rules Cash Payments to Govt. utilities Fall u/s 40A(3) Exception, Deletes Disallowance [Read Order]")
![Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078645-income-tax-notice-itat-taxscan.webp "Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: ITAT [Read Order]")
![Vintage Car Sale Liable to Capital Gains Tax if No Proof of Personal Use: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078259-capital-gains-tax-proof-of-personal-use-vintage-car-sale-taxscan.webp "Vintage Car Sale Liable to Capital Gains Tax if No Proof of Personal Use: Bombay HC [Read Order]")
ITAT Holds Scrap Sales Taxable as Operating Income: ₹26.18 Lakh Treated from Packing Material [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that receipts from scrap sales, when linked to regular manufacturing activity, are to be treated as operating income for...
![ITAT Holds Scrap Sales Taxable as Operating Income: ₹26.18 Lakh Treated from Packing Material [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078143-itat-scrap-sales-income-packing-material-taxscan.webp "ITAT Holds Scrap Sales Taxable as Operating Income: ₹26.18 Lakh Treated from Packing Material [Read Order]")