![Faulty Income Tax Assessment: ITAT Quashes Addition and Penalty against 82 Years Old Senior Citizen [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Jaipur-Income-Tax-Assessment-Penalty-against-Senior-Citizen-TAXSCAN.jpg "Faulty Income Tax Assessment: ITAT Quashes Addition and Penalty against 82 Years Old Senior Citizen [Read Order]")
Faulty Income Tax Assessment: ITAT Quashes Addition and Penalty against 82 Years Old Senior Citizen [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) quashed the tax addition and penalty imposed on an 82-year-old senior citizen citing...
![Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/TAT-ITAT-Jaipur-Section-44AD-of-Income-Tax-Act-Retail-Business-Tax-Assessment-TAXSCAN.jpg "Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]")
![ITATÂ Condones 164-Day Delay, Grants Assessee Another Chance for Registration u/s 12AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Jaipur-Condones-delay-Registration-under-Section-12AB-itat-case-TAXSCAN.jpg "ITATÂ Condones 164-Day Delay, Grants Assessee Another Chance for Registration u/s 12AB [Read Order]")
![₹1 Crore Addition for Unexplained Loans: ITAT Deletes Addition due to Sufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Loans-Loans-Sufficient-Evidence-taxscan.jpg "₹1 Crore Addition for Unexplained Loans: ITAT Deletes Addition due to Sufficient Evidence [Read Order]")
![Assessment Converted from limited to Unlimited Scrutiny without Approval: ITAT Remands Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Remands-Case-Unlimited-Scrutiny-Assessment-taxscan.jpg "Assessment Converted from limited to Unlimited Scrutiny without Approval: ITAT Remands Case [Read Order]")
ITAT Quashes PCIT's Revision u/s 263, Finds AO Conducted Proper Verification of Investment and ESI Payments [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) quashed the Principal Commissioner of Income Tax(PCIT)’s revision order under Section 263 of Income Tax Act,1961, holding that the Assessing...
![ITAT Quashes PCITs Revision u/s 263, Finds AO Conducted Proper Verification of Investment and ESI Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-PCITs-Revision-PCITs-Revision-Section-263-AO-Conducted-Proper-Verification-Proper-Verification-of-Investment-Investment-and-ESI-Payments-ESI-Payments-taxscan.jpg "ITAT Quashes PCITs Revision u/s 263, Finds AO Conducted Proper Verification of Investment and ESI Payments [Read Order]")
Addition of ₹12 Lakh u/s 69A: ITAT holds Sundry Debtors do not Qualify as Unexplained Income [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) found that the addition of ₹12 Lakh under Section 69A of Income Tax Act,1961 was not justified, as the sundry debtors shown in the books did...
![Addition of ₹12 Lakh u/s 69A: ITAT holds Sundry Debtors do not Qualify as Unexplained Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Jaipur-Unexplained-Income-Section-69A-of-Income-Tax-Act-TAXSCAN.jpg "Addition of ₹12 Lakh u/s 69A: ITAT holds Sundry Debtors do not Qualify as Unexplained Income [Read Order]")
![ITAT Sets Aside PCITs Revision, Upholds Deduction u/s 10AA Due to Proper AO Review [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Sets-Aside-PCITs-Revision-PCITs-Revision-PCITs-Upholds-Deduction-Section-10AA-Due-to-Proper-AO-Review-AO-Review-taxscan.jpg "ITAT Sets Aside PCITs Revision, Upholds Deduction u/s 10AA Due to Proper AO Review [Read Order]")
Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Exemption)[CIT(E)] for reconsideration after the rejection of a registration...
![Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Rejection-of-Registration-Registration-Application-Registration-Application-Section-12AB-ITAT-ITAT-Remands-Matter-Remands-Matter-to-CITE-taxscan.jpg "Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]")
Ageing Effect is Standard Practice for Valuing Inventory at NRV: ITAT deletes Addition for Alleged Stock Undervaluation [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made due to the alleged undervaluation of stock, ruling that the assessee’s practice of applying an ageing effect for...
![Ageing Effect is Standard Practice for Valuing Inventory at NRV: ITAT deletes Addition for Alleged Stock Undervaluation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Stock-Undervaluation.jpg "Ageing Effect is Standard Practice for Valuing Inventory at NRV: ITAT deletes Addition for Alleged Stock Undervaluation [Read Order]")
Wrong Classification of Wages: ITAT Directs Reclassification as Direct Expenses, Deletes Addition for Incorrect Stock Valuation [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made due to the alleged undervaluation of stock, directing the reclassification of wages as direct expenses, as the...
![Wrong Classification of Wages: ITAT Directs Reclassification as Direct Expenses, Deletes Addition for Incorrect Stock Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/stock-valuation.jpg "Wrong Classification of Wages: ITAT Directs Reclassification as Direct Expenses, Deletes Addition for Incorrect Stock Valuation [Read Order]")
Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenue's Interest: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT)ruled that the failure to record an opinion on penalty levy under Section 270A of Income Tax Act,1961 in the assessment order not erroneous or...
![Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenues Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Failure-to-Record-Opinion-Penalty-Penalty-Levy-Not-Erroneous-or-Prejudicial-Prejudicial-to-Revenues-Interest-Revenues-Interest-ITAT-Site-image.jpg "Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenues Interest: ITAT [Read Order]")