![21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appeal-Filing-Income-Tax-Appeal-Income-Tax-Tax-Appeal-Income-Tax-Appellate-Tribunal-ITAT-hyderabad-Commissioner-of-Income-Tax-Appeals-taxscan.jpg "21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]")
21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) order and allowed 21 months of...
![Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Advance-Tax-Payment-Required-For-Reassessment-Proceedings-ITAT-overrules-CITA-Order-TAXSCAN.jpg "Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]")
![Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-ITAT-indore-Unsecured-Loan-interest-rate-taxscan.jpg "Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]")
![Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-ITAT-Commissioner-Of-Income-Tax-Appeals-long-Term-Capital-Gain-ITAT-Overturns-Income-Tax-Appellate-Tribunal-taxscan.webp "Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order]")
![Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Disallows-ITAT-Property-Expense-Claims-Income-Tax-Appellate-Tribunal-Prove-Improvement-Costs-ITAT-ahmedabad-taxscan.webp "Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order]")
Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) has condoned the delay of 601 days on filing income tax appeal citing there is no malafide intention on behalf of assessee for not filing...
![Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-Mail-ID-CITA-Order-ITAT-601-Days-Appeal-Delay-ITAT-condones-Income-Tax-Appellate-Tribunal-taxscan.jpg "Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order]")
AO cannot Reject DCF Method For CCPS Valuation if it is made under Rule 11UA: ITAT deletes Addition [Read Order]
Recently, The Income Tax Appellate Tribunal (ITAT) of Ahmedabad dismissed an appeal moved by the Revenue department against a decision made in favor of the assessee in a matter regarding deletion of...
![AO cannot Reject DCF Method For CCPS Valuation if it is made under Rule 11UA: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-DCF-ITAT-ITAT-Deletes-Addition-Income-Tax-Appellate-Tribunal-ITAT-Ahmedabad-Revenue-department-taxscan.jpg "AO cannot Reject DCF Method For CCPS Valuation if it is made under Rule 11UA: ITAT deletes Addition [Read Order]")
Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]
Recently, the Income Tax Appellate Tribunal ( ITAT) of Jaipur ruled in a case that involved the issuance of notice under Section 148 of the Income Tax Act 1961 (ITA) to a dead individual. ...
![Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Act-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-148-of-the-Income-Tax-Section-148-taxscan.jpeg "Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]")
![Delay in Filing Appeal due to Service of FAA Notice to Old CAs Mail ID: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Mumbai-readjudication-condonation-of-delay-filing-appeal-delay-in-filing-appeal-taxscan.jpg "Delay in Filing Appeal due to Service of FAA Notice to Old CAs Mail ID: ITAT remands Matter [Read Order]")
Unexplained Cash Deposit Addition made after deducting withdrawals: Rajasthan HC confirms Penalty u/s 271 [Read Order]
The Rajasthan High Court has upheld a penalty imposed under Section 271(1)(c) of the Income Tax Act, confirming that the unexplained cash deposits were correctly added by the income tax department...
NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]
Recently, the Income Tax Appellate Authority ( ITAT ) of Delhi disallowed a bad debt deduction claim upholding the CIT(A)’s decision stating the loan provided by the NBFC to its sister concern was...
![NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-05-at-11.58.26-AM.jpeg "NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]")
![No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Tax-Scheme-FCCD-Deduction-Foreign-Currency-Convertible-Debentures-taxscan.jpg "No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]")