![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)...
![ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-Income-Tax-Appellate-Tribunal-Securities-Transaction-Tax-STT-STT-Compliance-ITAT-Exempts-Penny-Stock-Transactions-taxscan.jpg "ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]")
![Finds Addition Too Harsh: ITAT directs Re-examination of PCITs Rs. 3.4 cr Addition due to Sales Discrepancy [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-ITAT-directs-Re-examination-PCIT-Income-Tax-Appellate-Tribunal-Principal-Commissioner-of-Income-Tax-Sales-Discrepancy-Finds-Addition-Too-Harsh-ITAT-news-taxscan.jpeg "Finds Addition Too Harsh: ITAT directs Re-examination of PCITs Rs. 3.4 cr Addition due to Sales Discrepancy [Read Order]")
![ITAT upholds CIT(A)’s Deletion of ₹3.4 crore Addition u/s 69A, Dismisses AO’s Appeal for Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-CITA-Commissioner-of-Income-Tax-Appeals-AO-assessing-officer-Evidence-TAXSCAN.webp "ITAT upholds CIT(A)’s Deletion of ₹3.4 crore Addition u/s 69A, Dismisses AO’s Appeal for Lack of Evidence [Read Order]")
![ITAT Restores Appeals to AO for Reassessment Due to Incomplete Evidence Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Cuttack-Income-Tax-Assessing-Officer-Income-Tax-Reassessment-TAXSCAN.jpg "ITAT Restores Appeals to AO for Reassessment Due to Incomplete Evidence Submission [Read Order]")
ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]
In the recent case, the Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) partially allowed the assessee’s appeal, remanding the assessment for assessment year(AY) 2020-2021 back to the...
![ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-in-Cuttack-Income-Tax-Appellate-Tribunal-ITAT-Remands-ITAT-Remands-Assessment-Non-Receipt-of-Notices-TAXSCAN-1.jpg "ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]")
![ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Return-ITAT-Income-Tax-Commissioner-TAXSCAN.jpg "ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]")
ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]
In the recent case, the Cuttack bench of Income Tax Appellate Tribunal(ITAT) remanded the appeal by the assessee against the Commissioner Of Income Tax (Appelas)[CIT(A)]'s order after condoning a...
![ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Remands-ITAT-Cuttack-CITA-Evidence-Issues-Income-Tax-Appellate-Tribunal-ITAT-Commissioner-Of-Income-Tax-TAXSCAN.jpg "ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]")
Delay in Filing Income Tax Appeal as Orders sent to Email was in Spam Folder: ITAT Condones Delay of 145 Days [Read Order]
The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) has condoned the delay of 145 days in filing an Income Tax appeal as the assessee failed to receive the orders sent through email, as many...
![Delay in Filing Income Tax Appeal as Orders sent to Email was in Spam Folder: ITAT Condones Delay of 145 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Cuttack-Income-Tax-Appeal-Condonation-of-Delay-Income-Tax-Appellate-Tribunal-taxscan.jpg "Delay in Filing Income Tax Appeal as Orders sent to Email was in Spam Folder: ITAT Condones Delay of 145 Days [Read Order]")
Direction of PCIT to Fresh Assessment without Enquiry is Invalid: Supreme Court Dismisses SLP [Read Order]
The Supreme Court dismissed the Special Leave Petition (SLP) and observed that the direction of the Principal Commissioner of Income Tax(PCIT) to fresh assessment without enquiry is invalid. The...
Maintenance & Electricity Charges not in the form of Deposits excluded from Cost of Property for computing LTCG: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack Bench has held that the revenue expenditures incurred by the assessee such as maintenance and electricity charges which are not in the form of any...
![Maintenance & Electricity Charges not in the form of Deposits excluded from Cost of Property for computing LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Maintenance-and-Electricity-Charges-Deposits-Cost-of-Property-for-computing-LTCG-Cost-of-Property-LTCG-ITAT-taxscan.jpg "Maintenance & Electricity Charges not in the form of Deposits excluded from Cost of Property for computing LTCG: ITAT [Read Order]")
ITAT confirms Addition of Unexplained Income for SBN Deposits during Demonetization Period in Absence of Legitimate Source [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) recently confirmed the addition of unexplained income for SBN deposits during the demonetization period in the absence of legitimate...
![ITAT confirms Addition of Unexplained Income for SBN Deposits during Demonetization Period in Absence of Legitimate Source [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Unexplained-Income-SBN-Deposits-during-Demonetization-Absence-of-Legitimate-Source-taxscan.jpg "ITAT confirms Addition of Unexplained Income for SBN Deposits during Demonetization Period in Absence of Legitimate Source [Read Order]")