![ITAT deletes ₹58 Lakh Capital Investment addition due to Name Discrepancy of Taxpayer in Records [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-Income-Tax-capital-investment-taxscan.jpg "ITAT deletes ₹58 Lakh Capital Investment addition due to Name Discrepancy of Taxpayer in Records [Read Order]")
ITAT deletes ₹58 Lakh Capital Investment addition due to Name Discrepancy of Taxpayer in Records [Read Order]
The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Rs. 58 Lakh capital investment addition made by the assessing officer (AO)...
![“Treating Cash Deposits from ‘Business Income’ as ‘Unexplained’ Results in Double Taxation”: ITAT Quashes S.69A Addition under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-Income-Tax-Business-Income-Cash-deposit-Double-Taxation-taxscan.jpg "“Treating Cash Deposits from ‘Business Income’ as ‘Unexplained’ Results in Double Taxation”: ITAT Quashes S.69A Addition under Income Tax [Read Order]")
![Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-Income-Tax-Act-Cash-deposits-TAXSCAN.jpg "Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]")
![Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Unexplained-cash-deposit-Demonetization-Unexplained-income-during-demonetization-taxscan.jpg "Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order]")
![Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Claim-Income-tax-exemption-TAXSCAN.jpg "Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]")
Delhi HC quashes Income Tax Reassessment Advanced on Same Grounds as Prior Assessment and Order [Read Order]
The Delhi High Court recently allowed a Petition seeking to quash an impugned reassessment order issued by the Income Tax Officer, Ward-63(1), Delhi against the Financials of the Petitioner...
![Delhi HC quashes Income Tax Reassessment Advanced on Same Grounds as Prior Assessment and Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-high-court-Income-Tax-Reassessment-Prior-Assessment-and-Order-Income-Tax-Taxscan.jpeg "Delhi HC quashes Income Tax Reassessment Advanced on Same Grounds as Prior Assessment and Order [Read Order]")
Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Bangalore in a recent case ordered rectification of the revised return filed by the assessee, observing that misadvice by the assessee’s tax auditor led...
![Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-ITAT-Orders-Excess-Income-Tax-Excess-Income-Tax-Payment-Auditor-Taxscan-.jpg "Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order]")
Karnataka HC sets aside Income Tax Order Passed u/s 201(1) & 201(1A), exceeding reasonable period of 4 years [Read Order]
The Karnataka High Court, in a recent ruling, set aside the order passed under Sections 201(1) and 201(1A) of the Income Tax Act, 1961, as being beyond the reasonable period of 4 years. In this...
![Karnataka HC sets aside Income Tax Order Passed u/s 201(1) & 201(1A), exceeding reasonable period of 4 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-HC-Income-Tax-Order-exceeding-period-4-years-taxscan.jpg "Karnataka HC sets aside Income Tax Order Passed u/s 201(1) & 201(1A), exceeding reasonable period of 4 years [Read Order]")
No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]
The Delhi High Court directed for the deletion of the penalty imposed by the Assessment Unit ( AO ) and set aside the order of the Commissioner of Income Tax (Appeals), even after the petitioner has...
![No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Scrutiny-Assessment-Delhi-High-Court-ITAT-penalty-TAXSCAN.jpg "No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]")
![Income Tax Deposit already made under IDS: Bombay HC directs Dept to Issue Certificates [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Bombay-HC-Income-tax-IDS-scheme-IDS-2016-TAXSCAN.jpg "Income Tax Deposit already made under IDS: Bombay HC directs Dept to Issue Certificates [Read Order]")
JCIT cannot Transfer Case u/s 127 to Subordinate Officer without Hearing Assessee: Patna HC [Read Order]
The Joint Commissioner of Income Tax ( JCIT ) cannot transfer a case to the subordinate officer behind the back of the assessee. The Patna High Court ruled that the transfer shall take place only...
![Delay in Filing ITR due to Age and Depression: Rajasthan HC Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Rajasthan-High-Court-ITR-Due-Income-Tax-Return-ITR-Tax-news-Taxscan.jpeg "Delay in Filing ITR due to Age and Depression: Rajasthan HC Condones Delay [Read Order]")