![Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/loans-and-interest-payment.jpg "Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]")
Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest paid on a loan cannot be disallowed merely based on suspicion. The...
![Notice u/s 148 of Income Tax Act Issued Beyond Limitation Period: Delhi HC Sets Aside Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Noticet.jpg "Notice u/s 148 of Income Tax Act Issued Beyond Limitation Period: Delhi HC Sets Aside Proceedings [Read Order]")
![ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Third-Party-Documents-site-img.jpg "ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]")
![ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CBDT-CBDT-announces-CBDT-announces-e-Dispute-Resolution-Scheme-Taxscan.jpg "ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]")
![ITAT Delhi Deletes Rs. 24 Lakh Addition, due to Absence of AO’s Justification for Rejecting Assessee’s Explanation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/itat.jpg "ITAT Delhi Deletes Rs. 24 Lakh Addition, due to Absence of AO’s Justification for Rejecting Assessee’s Explanation [Read Order]")
Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an order that granted exemption under Section 10(26AAA) of the Income Tax Act, 1961 and ruled that all statutory...
![Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Undue-Benefit-Tax-Payer-Tax-ITAT-Taxscan.jpg.webp "Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]")
![No Independent Right to Cross-Objections Under Section 260A: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Section-site-img.jpg "No Independent Right to Cross-Objections Under Section 260A: Delhi HC [Read Order]")
PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]
In a recent ruling, the Rajkot bench of the Income Tax Appellate Tribunal (ITAT) held that the Principal Commissioner of Income Tax (PCIT) must address documents submitted during assessment in its...
![PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/opportunity-to-produce-necessary-documents-AO-for-verification-would-meet-the-ends-of-justice-ITAT-TAXSCAN.jpg "PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]")
Disallowance u/s 56(2)(viib) Invalid Despite Evidence of Creditworthiness: ITAT upholds CIT(A) Order [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Incomme Tax(Appeals)[CIT(A)]'s order, stating that the disallowance under Section 56(2)(viib) of Income Tax Act,1961...
![Disallowance u/s 56(2)(viib) Invalid Despite Evidence of Creditworthiness: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Disallowance-not-applicable-Payment-Account-Payee-Cheque-Account-Payee-DD-ITAT-TAXSCAN.jpg "Disallowance u/s 56(2)(viib) Invalid Despite Evidence of Creditworthiness: ITAT upholds CIT(A) Order [Read Order]")
ITAT Confirms CIT(A)’s Deletion of Rs.1.82 Crore Addition as Revenue Fails to Produce Contrary Evidence [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) confirmed the Commissioner of Income Tax (Appeals) [CIT(A)]’s deletion of Rs. 1.82 crore addition as revenue failed to produce contrary...
![ITAT Confirms CIT(A)’s Deletion of Rs.1.82 Crore Addition as Revenue Fails to Produce Contrary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Income-tax-Income-tax-news-Tax-news-Corroborative-Evidence-taxscan-1.jpg "ITAT Confirms CIT(A)’s Deletion of Rs.1.82 Crore Addition as Revenue Fails to Produce Contrary Evidence [Read Order]")
ITAT Allows Final Opportunity to Justify Rs. 34 Lakh Deposits, Cites Fresh Evidence as Reason [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has directed tax authorities to reconsider a case involving unexplained cash deposits of Rs 34.01 lakh, providing the taxpayer one final chance to...
![ITAT Allows Final Opportunity to Justify Rs. 34 Lakh Deposits, Cites Fresh Evidence as Reason [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-addition-Cash-Deposits-Bank-Accounts-failure-explain-Sources-TAXSCAN.jpg "ITAT Allows Final Opportunity to Justify Rs. 34 Lakh Deposits, Cites Fresh Evidence as Reason [Read Order]")