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![ITAT Rules in Favor of Assessee, Strikes Down Taxation of Loan in Incorrect Assessment Year [Read Order] ITAT Rules in Favor of Assessee, Strikes Down Taxation of Loan in Incorrect Assessment Year [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Bangalore-Income-Tax-Tribunal-Income-Tax-Assessment-TAXSCAN.jpg)
ITAT Rules in Favor of Assessee, Strikes Down Taxation of Loan in Incorrect Assessment Year [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee, and struck down the taxation of a loan in the incorrect...



![ITAT remands matter to CIT(A) for Fresh Hearing, allowing Assessee another Opportunity to Explain Delay [Read Order] ITAT remands matter to CIT(A) for Fresh Hearing, allowing Assessee another Opportunity to Explain Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Assessee-appeal-delay-Income-Tax-taxscan.jpg)
![ITAT dismisses Appeal as Withdrawn, Pending Outcome of Vivad Se Vishwas Scheme Application [Read Order] ITAT dismisses Appeal as Withdrawn, Pending Outcome of Vivad Se Vishwas Scheme Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-ITAT-Dismisses-Appeal-ITAT-Dismisses-Appeal-as-Withdrawn-ITAT-Dismisses-Pending-Outcome-Vivad-Se-Vishwas-Scheme-taxscan.jpg)
![Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order] Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Inability-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-AO-Fresh-Consideration-taxscan.jpg)
![ITAT Condones 50-day Delay, Directs CIT(A) for Fresh Adjudication in Interest of Substantial Justice [Read Order] ITAT Condones 50-day Delay, Directs CIT(A) for Fresh Adjudication in Interest of Substantial Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-Condones-Delay-taxscan.jpg)
![Income Tax Addition not applicable on Interest Income from Govt. Project Funds Deposited if Interest Entirely remitted back to Central/State Govt: ITAT [Read Order] Income Tax Addition not applicable on Interest Income from Govt. Project Funds Deposited if Interest Entirely remitted back to Central/State Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Bangalore-Income-Tax-Addition-Interest-Income-from-Govt-Project-Funds-Taxscan.jpg)
![Delayed PF & ESIC Payments: ITAT remands Matter for Production of Payment Challans [Read Order] Delayed PF & ESIC Payments: ITAT remands Matter for Production of Payment Challans [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-Delayed-PF-ESIC-Payments-Delayed-PF-and-ESIC-Payments-ITAT-remands-Payment-Challans-Production-of-Payment-Challans-taxscan.jpg)
![Incomplete Construction of New House Property: ITAT upholds Exemption u/s 54 towards Amount Utilized [Read Order] Incomplete Construction of New House Property: ITAT upholds Exemption u/s 54 towards Amount Utilized [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg)
![ITAT grants Relief on Employer PF/ESI Contributions, Restricts disallowance to Employee Contributions based on Timely Payment u/s 43B of Income Tax Act [Read Order] ITAT grants Relief on Employer PF/ESI Contributions, Restricts disallowance to Employee Contributions based on Timely Payment u/s 43B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-Bangalore-Income-Tax-Act-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg)
![ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister Concern of Assessee [Read Order] ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister Concern of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-Interest-free-loan-tax-taxscan.jpg)
![ITAT allows Deduction of Rs. 1.72 crore for Reversal of Obsolete Inventory provision due to Double Taxation Concerns [Read Order] ITAT allows Deduction of Rs. 1.72 crore for Reversal of Obsolete Inventory provision due to Double Taxation Concerns [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-Income-Tax-deduction-Taxscan.jpg)
![Rs. 44.5 cr Addition made on Incorrect Reporting by Auditor: ITAT directs CIT(A) to condone delay of 484 days [Read Order] Rs. 44.5 cr Addition made on Incorrect Reporting by Auditor: ITAT directs CIT(A) to condone delay of 484 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Incorrect-reporting-by-auditor-Auditor-misreporting-consequences-Tax-appeal-delay-condonation-taxscan.jpg)