ITAT Weekly Round-Up [Jan 11-Jan 17,2025]
This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the...
![AO Partially Disallows Property Improvement Costs; ITAT Allows Full Deduction, Accepting Architects Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/AO-ITAT-ITAT-Allows-Full-Deduction-Architects-Valuation-Income-tax-news-Income-tax-ITAT-news-calculation-of-Long-Term-Capital-Gains-Assessing-Officer-architects-valuation-certificate-Taxscan.jpg "AO Partially Disallows Property Improvement Costs; ITAT Allows Full Deduction, Accepting Architects Valuation [Read Order]")
![Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Discrepancy-in-FMV-ITAT-ITAT-Directs-AO-to-Determine-Fact-Finding-Process-Chennai-Bench-of-ITAT-Fair-Market-Value-Income-tax-Income-tax-news-Commissioner-of-Income-Tax-Taxscan.jpg "Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]")
![ITAT Condones Delay Due to Bona Fide Reasons Based on Affidavit and Remands Case to CIT(A) for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Condones-Delay-Affidavit-and-Remands-Case-to-CIT-CIT-ITAT-condoned-the-delay-in-filing-an-appeal-assessment-order-Kolkata-Bench-of-ITAT-Income-tax-Income-tax-news-ITAT-news-Taxscan.jpg "ITAT Condones Delay Due to Bona Fide Reasons Based on Affidavit and Remands Case to CIT(A) for Fresh Hearing [Read Order]")
![Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Disallowance-of-Sales-Promotion-Expense-ITAT-ITAT-Allows-Deduction-business-expenditures-CIT-acquisition-agreement-promotion-expenses-under-section-37-Kolkata-Bench-of-ITAT-ITAT-news-Taxscan.jpg "Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]")
![Commission Rate on Accommodation Entries: ITAT Directs AO to Apply 0.15% Instead of 1% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Commission-Rate-on-Accommodation-ITAT-ITAT-Directs-AO-Saanvi-Developers-Realtors-Pvt.-Ltd-Commissioner-of-Income-Tax-CIT-Income-Tax-income-tax-news-Taxscan.jpg "Commission Rate on Accommodation Entries: ITAT Directs AO to Apply 0.15% Instead of 1% [Read Order]")
CIT(A) Ignored CBDT Relief for Delayed ITR Filing: ITAT Remands Matter Back for Order Rectification [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) remanded the matter back to CIT(A) for rectification order citing a circular of the Central Board of Direct Taxes (CBDT) which granted relief...
![CIT(A) Ignored CBDT Relief for Delayed ITR Filing: ITAT Remands Matter Back for Order Rectification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Chennai-Bench-of-Income-Tax-Appellate-Tribunal-Central-Board-of-Direct-Taxes-CIT-CBDT-Relief-for-Delayed-ITR-Filing-ITR-Filing-ITAT-Remands-Matter-CBDT-CPC-return-of-income-and-audit-report-ITR-Taxscan.jpg "CIT(A) Ignored CBDT Relief for Delayed ITR Filing: ITAT Remands Matter Back for Order Rectification [Read Order]")
Deduction u/s 54F Allowable for Property Purchased in Wife's Name: ITAT Directs AO to Approve [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the assessing officer (AO) to approve the deduction under section 54F of the Income Tax Act for the property purchased in the wife’s...
![Deduction u/s 54F Allowable for Property Purchased in Wifes Name: ITAT Directs AO to Approve [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Directs-AO-ITAT-Directs-ITR-CIT-Delhi-High-Court-under-section-54F-of-the-Income-Tax-Act-immovable-property-AO-Taxscan.jpg "Deduction u/s 54F Allowable for Property Purchased in Wifes Name: ITAT Directs AO to Approve [Read Order]")
Non-Satisfaction of PE Requirements by Western Union Liaison Office: Delhi HC dismisses Taxability Plea of Revenue [Reda Order]
The Delhi High Court recently observed that a Liaison Office (LO) of Western Union does not satisfy the established requirements for considering the same to be a fixed place “permanent establishment”...
Non-Compliance Due to Serious Illness and Lack of Computer Access: ITAT Condones 74-Day Delay, Remands Matter to CIT(A) [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 74-day delay in filing an appeal by Mohandoss Jayaprakash citing non-compliance caused by serious illness and lack of access...
![Non-Compliance Due to Serious Illness and Lack of Computer Access: ITAT Condones 74-Day Delay, Remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Chennai-Bench-of-the-Income-Tax-Appellate-Tribunal-ITAT-condoned-a-74-day-delay-in-filing-Income-Tax-CIT-Chennai-tax-authorities-ITAT-news-Income-Tax-Appeals-Taxscan.jpg "Non-Compliance Due to Serious Illness and Lack of Computer Access: ITAT Condones 74-Day Delay, Remands Matter to CIT(A) [Read Order]")
![Income Tax Annual Digest 2024: ITAT Cases [Part 31]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-ITAT-Cases-Income-Tax-Cases-Part-31-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 31]")
Addition of ₹20.44 Lakh as Unexplained Cash Deposits During Demonetization: ITAT Directs Fresh Adjudication [Read Order]
The Agra Bench of Income Tax Appellate Tribunal(ITAT) set aside the Commissioner of Income Tax(Appeals)[CIT(A)] order and directed for fresh adjudication regarding the addition of ₹20.44 lakh as...
![Addition of ₹20.44 Lakh as Unexplained Cash Deposits During Demonetization: ITAT Directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Cash-Deposits-ITAT-Commissioner-of-Income-Tax-Specified-Financial-Transactions-demonetization-period-demonetized-currency-Demonetization-SFT-Income-Tax-Returns-Taxscan.jpg "Addition of ₹20.44 Lakh as Unexplained Cash Deposits During Demonetization: ITAT Directs Fresh Adjudication [Read Order]")