![Tech-constraints Faced By Senior Citizen: ITAT sets aside Ex- Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Tech-constraints-ITAT-Pune-Bench-of-ITAT-business-of-civil-contractor-ship-Assessing-Officer-Income-tax-income-tax-news-ITAT-news-CIT-Income-Tax-Act-Taxscan-1.jpg "Tech-constraints Faced By Senior Citizen: ITAT sets aside Ex- Parte Order [Read Order]")
Tech-constraints Faced By Senior Citizen: ITAT sets aside Ex- Parte Order [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the ex-parte order by taking into consideration the technological constraints...
![Statement Recorded u/s 133A Lacks Evidentiary Value in Absence of Summons u/s 131: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Absence-of-Summons-Section-133A-of-the-Income-Tax-Act-CIT-income-tax-income-tax-news-ITAT-news-Mumbai-Bench-of-ITAT-AO-Section-131-Taxscan.jpg "Statement Recorded u/s 133A Lacks Evidentiary Value in Absence of Summons u/s 131: ITAT [Read Order]")
![ITAT Quashes Penalty for Under-Reporting: Holds Assessees Actions Bona Fide [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Quashes-Penalty-for-Under-Reporting-Assessees-Actions-Bona-Fide-Assessees-Actions-Bona-Fide-taxpayers-CIT-Income-Tax-Act-DACSS-Granites-Pvt.-Ltd-ITAT-Bengaluru-Taxscan.jpg "ITAT Quashes Penalty for Under-Reporting: Holds Assessees Actions Bona Fide [Read Order]")
![Technical Glitch No Ground for Rejection: ITAT Allows Charitable Trust to Refile Registration Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Charitable-Trust-to-Refile-Registration-grants-tax-exemptions-Commissioner-of-Income-Tax-CIT-charitable-and-religious-institutions-Income-Tax-ITAT-Mumbai-Mumbai-Taxscan.jpg "Technical Glitch No Ground for Rejection: ITAT Allows Charitable Trust to Refile Registration Application [Read Order]")
![Disallowance of Interest Expenses on Alleged Fund Misuse: ITAT Allows Citing Lack of Nexus Between Borrowed Funds and Personal Investments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Disallowance-of-Interest-Expenses-Alleged-Fund-Misuse-ITAT-Assessment-Years-Assessment-CIT-assessment-order-Income-Tax-Return-ITR-personal-investments-AO-Taxscan.jpg "Disallowance of Interest Expenses on Alleged Fund Misuse: ITAT Allows Citing Lack of Nexus Between Borrowed Funds and Personal Investments [Read Order]")
Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]
The Pune Bench of Income Tax appellate Tribunal (ITAT) held that interest income from Business investment earned by Cooperative Society is eligible for deduction under section 80(2)(a) of the Income...
![Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Business-Co-operative-Society-Co-operative-ITAT-Pune-Bench-of-ITAT-ITAT-Pune-Assessment-Income-Tax-Return-ITR-Assessing-Officer-Commissioner-of-Income-Tax-Taxscan.jpg "Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]")
Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that an agreement for the transfer of operations and movable assets cannot be grounds to deny exemption under sections 11 and 12...
![Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Agreement-for-transfer-movable-assets-ITAT-Ahmedabad-bench-of-ITAT-Assessing-officer-KSMC-Commissioner-of-Income-Tax-Taxscan.jpg "Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]")
Trader Sold Opening Stock at Discounted Rates Leading to Higher Sales Compared to Previous Years: ITAT deletes ₹32 Lakh Addition [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 32 lakhs made by the Assessing Officer (AO), citing the assessee’s higher sales as a result of the...
![Trader Sold Opening Stock at Discounted Rates Leading to Higher Sales Compared to Previous Years: ITAT deletes ₹32 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Trader-Trader-Sold-Opening-Stock-ITAT-Assessing-income-from-undisclosed-sources-higher-sales-opening-stock-sales-tax-returns-assessees-counsel-Pawan-International-Taxscan.jpg "Trader Sold Opening Stock at Discounted Rates Leading to Higher Sales Compared to Previous Years: ITAT deletes ₹32 Lakh Addition [Read Order]")
No Addition Warranted on Alleged Bogus Purchases When GP Rate Exceeds Genuine Purchases: ITAT [Read Order]
The Income Tax Appellate Tribunal Tribunal ( ITAT ), Mumbai held that no addition by way of disallowance of alleged bogus purchases is warranted when the GP rate exceeds genuine purchases. The...
![No Addition Warranted on Alleged Bogus Purchases When GP Rate Exceeds Genuine Purchases: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-Bogus-Purchases-Genuine-Purchases-No-Addition-Warrante-GP-rate-alleged-bogus-purchases-export-transactions-reopened-assessment-Taxscan.jpg "No Addition Warranted on Alleged Bogus Purchases When GP Rate Exceeds Genuine Purchases: ITAT [Read Order]")
ITAT confirms Tax Exemptions for Gujarat Housing Board u/s. 11&12 of the Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), confirmed tax exemptions for Gujarat Housing Board Under Sections 11 and 12 of the Income Tax Act,1961 and rejected the Revenue’s...
![ITAT confirms Tax Exemptions for Gujarat Housing Board u/s. 11&12 of the Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Tax-Exemptions-for-Gujarat-Housing-Board-Tax-Exemptions-Income-Tax-Gujarat-Housing-Boards-commercial-business-judicial-precedents-government-backed-bodies-statutory-bodies-ITAT-Taxscan.jpg "ITAT confirms Tax Exemptions for Gujarat Housing Board u/s. 11&12 of the Income Tax Act [Read Order]")
AO Partially Disallows Property Improvement Costs; ITAT Allows Full Deduction, Accepting Architect's Valuation [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) overturned the partial disallowance of property improvement costs claimed by the assessee, directing full allowance based on 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]")