![12 Lakhs TDS Disallowance u/s 40(a)(ia): ITAT Remands Case to AO for Verification and Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/TDS-TDS-Disallowance-Disallowance-TDS-Disallowance-Section-40aia-ITAT-Remands-Case-AO-AO-for-Verification-and-Reassessment-ITAT-Remands-Case-taxscan.jpg "12 Lakhs TDS Disallowance u/s 40(a)(ia): ITAT Remands Case to AO for Verification and Reassessment [Read Order]")
12 Lakhs TDS Disallowance u/s 40(a)(ia): ITAT Remands Case to AO for Verification and Reassessment [Read Order]
In a recent case, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) remanded the assessee's case to the assessment officer (AO) for...
![ITAT deletes 50% Disallowance of Foreign Travel Expenses, Citing Lack of Evidence for Personal Use [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Disallowance-of-Foreign-Travel-Expenses-Citing-Lack-of-Evidence-Personal-Use-taxscan.jpg "ITAT deletes 50% Disallowance of Foreign Travel Expenses, Citing Lack of Evidence for Personal Use [Read Order]")
![Disallowance of Expenses u/s 14A for Exempt Dividend Income: ITAT deletes Rs.33.75 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Disallowance-of-Expenses-Exempt-Dividend-Income-ITAT-taxscan.jpg "Disallowance of Expenses u/s 14A for Exempt Dividend Income: ITAT deletes Rs.33.75 Lakh [Read Order]")
![Disallowance Claim on Loans written Off to Titan International:Â ITAT remands matter for Consideration of additional Evidence brought by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Disallowance-Claim-Loans-Titan-International-ITAT-Consideration-of-additional-Evidence-brought-Assessee-taxscan.jpg "Disallowance Claim on Loans written Off to Titan International:Â ITAT remands matter for Consideration of additional Evidence brought by Assessee [Read Order]")
![Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Interest-Expenses-Addition-Household-Expenses-Disallowance-taxscan.jpg "Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]")
ITAT Deletes ₹9,640 Deduction Disallowance for LIC Premiums after AO Accepts Additional Evidence [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT )deleted the ₹9,640 disallowance for Life Insurance Corporation of India ( LIC ) premium deduction after the Assessing Officer ( AO ) accepted...
![ITAT Deletes ₹9,640 Deduction Disallowance for LIC Premiums after AO Accepts Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/itat-Deduction-Disallowance-LIC-Premiums-Additional-Evidence-income-tax-act-tax-assessment-tax-deduction-taxscan.jpg "ITAT Deletes ₹9,640 Deduction Disallowance for LIC Premiums after AO Accepts Additional Evidence [Read Order]")
Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) held that Tax deducted at source ( TDS ) credit on immovable property shall be allowed only for the relevant assessment year for which the...
![Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-IMP-Transfer-Due-TDS-credit-Taxscan.jpg "Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY [Read Order]")
![Disallowance of Excess Loan Interest: ITAT allows Full Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Disallowance-Loan-Interest-Taxscan.jpg "Disallowance of Excess Loan Interest: ITAT allows Full Deduction [Read Order]")
ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of trading losses claimed by the assessee on alleged penny stock shares, citing insufficient evidence of price...
![ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Disallowance-Trading-Loss-Penny-Stock-Shares-Insufficient-Evidence-Price-Manipulation-taxscan.jpg "ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]")
Onus on AO to Prove unreasonableness in Expenditure when invoking Section 40A(2)(b) of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Act, 1961 that for invoking Section 40A(2)(b)of the Income Tax Act, onus to prove the unreasonableness is on the Assessing Officer only. The assessee is a...
![Onus on AO to Prove unreasonableness in Expenditure when invoking Section 40A(2)(b) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Onus-on-AO-Prove-unreasonableness-Expenditure-invoking-Income-Tax-Act-ITAT-taxscan.jpg "Onus on AO to Prove unreasonableness in Expenditure when invoking Section 40A(2)(b) of Income Tax Act: ITAT [Read Order]")
AO incorrectly applied S. 37 on already disallowed Penalty: ITAT deletes Penalty to prevent Double Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) deleted the penalty disallowance after the assessing officer (AO) incorrectly applied Section 37 of the Income Tax Act, 1961 to an amount...
![AO incorrectly applied S. 37 on already disallowed Penalty: ITAT deletes Penalty to prevent Double Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/AO-incorrectly-already-disallowed-Penalty-ITAT-Penalty-prevent-Double-Addition-taxscan.jpg "AO incorrectly applied S. 37 on already disallowed Penalty: ITAT deletes Penalty to prevent Double Addition [Read Order]")
CIT(A) Deletion of Bogus Expenditure Additions upheld: ITAT affirms need for Substantive Evidence [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal(ITAT) upheld the deletion of bogus expenditure additions made by the Commissioner of Income Tax (Appeals) [CIT(A)]. This decision reinforced the...
![CIT(A) Deletion of Bogus Expenditure Additions upheld: ITAT affirms need for Substantive Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bogus-Expenditure-ITAT-Substantive-Evidence-taxscan.jpg "CIT(A) Deletion of Bogus Expenditure Additions upheld: ITAT affirms need for Substantive Evidence [Read Order]")