![Bonafide Error in Claiming 15% Depreciation Instead of 7.5%: ITAT finds Assessee Eligible for Additional Depreciation u/s 32(1)(iia) [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075264-bonafide-error-bonafide-error-in-claiming-15-depreciation-taxscan.webp "Bonafide Error in Claiming 15% Depreciation Instead of 7.5%: ITAT finds Assessee Eligible for Additional Depreciation u/s 32(1)(iia) [Read Order]")
Bonafide Error in Claiming 15% Depreciation Instead of 7.5%: ITAT finds Assessee Eligible for Additional Depreciation u/s 32(1)(iia) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that a bonafide error in claiming 15% depreciation instead of the eligible 7.5%...
![Cash Deposits Treated as Unexplained u/s 69A: ITAT Restores Matter to AO Noting Failure to Examine Debit Entries and Additional Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071595-cash-deposits-cash-deposits-treated-cash-deposits-treated-as-unexplained-taxsacn.webp "Cash Deposits Treated as Unexplained u/s 69A: ITAT Restores Matter to AO Noting Failure to Examine Debit Entries and Additional Evidence [Read Order]")
![Reassessment Invalid Due to Lack of New Tangible Material and Credible Information: ITAT Quashes ₹33.81 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071541-reassessment-itat-taxscan.webp "Reassessment Invalid Due to Lack of New Tangible Material and Credible Information: ITAT Quashes ₹33.81 Lakh Addition [Read Order]")
![Penalty Matter Remanded: ITAT Directs AO to Give Effect to Quantum Appeal Before Deciding [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070678-penalty-taxpayer-itat-confirms-penalty-taxscan-2.webp "Penalty Matter Remanded: ITAT Directs AO to Give Effect to Quantum Appeal Before Deciding [Read Order]")
![Disallowance of ₹58.83 Lakh u/s 57 Deduction for Lack of Evidence: ITAT Remands Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2025/07/28/250x150_2070060-disallowance-itat-taxscan.webp "Disallowance of ₹58.83 Lakh u/s 57 Deduction for Lack of Evidence: ITAT Remands Matter to AO [Read Order]")
ITAT rules in Favor of Jaggery Trader, holds No 40(a)(ia) Disallowance Where Tax already Paid on Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, has ruled in favor of a jaggery products trader, holding that no disallowance under Section 40(a)(ia) of the Income Tax Act, 1961, can be made...
![ITAT rules in Favor of Jaggery Trader, holds No 40(a)(ia) Disallowance Where Tax already Paid on Interest Income [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069427-itat-rules-favor-jaggery-trader-40aia-disallowance-tax-interest-income-taxscan.webp "ITAT rules in Favor of Jaggery Trader, holds No 40(a)(ia) Disallowance Where Tax already Paid on Interest Income [Read Order]")
Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]
The High Court of Calcutta, ruled that market value for Section 80-IA deductions of the Income Tax Act,1961 should be based on the tariff applicable to industrial consumers, not the rate at which...
![Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/500x300_2068128-electricity-board-taxscan.webp "Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]")
ITAT Allows Genpact to Exclude Telecom and Training Receipts from Total Turnover u/s 10AA as They Are Already Excluded from Export Turnover [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed Genpact to exclude telecommunication expenses and recovery receipts for migration and on-the-job training from total turnover under...
![ITAT Allows Genpact to Exclude Telecom and Training Receipts from Total Turnover u/s 10AA as They Are Already Excluded from Export Turnover [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064467-itat-itat-allows-genpact-to-exclude-telecom-and-training-receipts-telecom-and-training-receipts-taxscan.webp "ITAT Allows Genpact to Exclude Telecom and Training Receipts from Total Turnover u/s 10AA as They Are Already Excluded from Export Turnover [Read Order]")
![Relief for Genpact: ITAT Allows S.10AA Deduction on Interest from FDs and Staff Loans [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064441-relief-for-genpact-genpact-itat-itat-allows-s10aa-deduction-on-interest-deduction-on-interest-taxscan.webp "Relief for Genpact: ITAT Allows S.10AA Deduction on Interest from FDs and Staff Loans [Read Order]")
Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]
The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) finds no penalty warranted under Section 270A of the Income Tax Act,1961, for missed Corporate Social Responsibility (CSR) disallowance...
![Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062412-ucil-relief-taxscan.webp "Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]")
AA Cannot Tax Entire Disputed Purchase Transactions as Bogus: Gujarat HC Limits Income Tax Addition to 6% [Read Order]
Gujarat HC Limits Income Tax Addition to 6%, Holds AA Cannot Tax Entire Disputed Bogus PurchaseIn a recent ruling, the Gujarat High Court held that the Assessing Authority (AA) cannot tax the entire...
![AA Cannot Tax Entire Disputed Purchase Transactions as Bogus: Gujarat HC Limits Income Tax Addition to 6% [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062082-aa-tax-entire-disputed-purchase-transactions-bogus-gujarat-hc-income-tax-addition-taxscan.jfif "AA Cannot Tax Entire Disputed Purchase Transactions as Bogus: Gujarat HC Limits Income Tax Addition to 6% [Read Order]")
Reference to DVO can be Made only During Pendency of Income Tax Assessment or Reassessment Proceedings: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in its recent ruling dismissed the appeal filed by the revenue and upheld the order of the Commissioner of Income Tax (Appeals) (...
![Reference to DVO can be Made only During Pendency of Income Tax Assessment or Reassessment Proceedings: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/07/500x300_2060615-relief-to-revenue-delhi-hc-affirms-basis-of-third-party-third-party-search-findings-aos-reassessment-search-findings-affirms-aos-reassessment-taxscan-1.webp "Reference to DVO can be Made only During Pendency of Income Tax Assessment or Reassessment Proceedings: ITAT [Read Order]")