![₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Addition-Share-Value-Report-Share-Premium-Capital-ITAT-Orders-taxscan.jpg "₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]")
₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]
The Jodhpur Bench of the Income Tax Appellate Tribunal (ITAT) recently ordered the deletion of an income tax addition of ₹51,00,000/-, observing that...
![Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Jodhpur-TDS-Payment-Profit-Rate-Estimation-Taxscan.jpg "Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]")
![ITAT sets aside Income Addition and Capital Gains Tax due to Failure by Authorities to consider Key Evidence on Lands Municipal Status [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Addition-Capital-Gains-Tax-Failure-Authorities-Key-Evidence-Lands-Municipal-Status-taxscan.jpg "ITAT sets aside Income Addition and Capital Gains Tax due to Failure by Authorities to consider Key Evidence on Lands Municipal Status [Read Order]")
![Tax Leviable on Gain out of Crypto Currency Sale as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Tax-Leviable-Gain-Crypto-Currency-Sale-Capital-Gains-ITAT-taxscan.jpg "Tax Leviable on Gain out of Crypto Currency Sale as Capital Gains: ITAT [Read Order]")
![ITAT Remands Case to AO for Fresh Examination of Registration Status u/s 12AA and Applicability of Sections 11 and 12 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Jodpur-Income-tax-act-SectionComprehensive-Guide-of-Law-and-Procedure-for-Filing-of-Income-Tax-Appeals-Click-Here-11-of-Income-Tax-Act-Section-12AA-of-Income-Tax-Act-taxscan.jpg "ITAT Remands Case to AO for Fresh Examination of Registration Status u/s 12AA and Applicability of Sections 11 and 12 of Income Tax Act [Read Order]")
Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]
The Jodhpur Bench of the Income Tax Appellate Tribunal(ITAT) has held that cash deposited by a 77-year-old age assessee looking to save for old age holding cannot be added under section 68 of the...
![Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Cash-Deposited-Assessee-Old-Age-holding-Income-Tax-Act-ITAT-taxscan.jpg "Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]")
ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]
The Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) granted the assessee's appeal, acknowledging that the delay in filing the TDS return was due to a technical issue rather than negligence....
![ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-waives-Late-Fee-Income-Tax-Act-Appeal-Technical-Error-taxscan.jpg "ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]")
Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]
Jodhpur Bench of Income Tax Appellate Tribunal ( ITAT ), ruled that in a cases where a declaration under Section 194C(6) and a PAN are received from payees who possess a vehicle even though they are...
![Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Legal-Transport-Vehicle-Sec-194C-TDS-deduction-ITAT-taxscan.jpg "Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]")
![ITAT Annual Digest [Part18]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-ANNUAL-DIGEST-ANNUAL-DIGEST-PART-18-ITAT-ANNUAL-DIGEST-PART-18-taxscan.jpg "ITAT Annual Digest [Part18]")
![Non-Acceptance of Fresh Evidence u/r 46A: ITAT remands Income Tax Appeal to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Evidence-Non-Acceptance-of-Fresh-Evidence-ITAT-Income-Tax-Appeal-CITA-ITAT-remands-Income-Tax-Appeal-to-CITA-taxscan.jpg "Non-Acceptance of Fresh Evidence u/r 46A: ITAT remands Income Tax Appeal to CIT(A) [Read Order]")
Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jodhpur bench, held that the Income Tax Department has no power to levy late fee and interest in respect of Tax Deduction at Source (TDS) as per intimation...
![Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Department-levy-late-fee-interest-in-respect-TDS-intimation-IT-Act-Amendment-ITAT-taxscan.jpg "Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]")
No addition can made on Delay in filing Form No 10 within due date of ITR u/s 139 I.T Act when condoned by CIT(E): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Jodhpur held that no addition could be made for the delay in filing Form No. 10 within the due date of the Income Tax Return under Section 139 of the...
![No addition can made on Delay in filing Form No 10 within due date of ITR u/s 139 I.T Act when condoned by CIT(E): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-addition-on-Delay-in-filing-Form-No-10-due-date-of-ITR-I.T-Act-TAXSCAN.jpg "No addition can made on Delay in filing Form No 10 within due date of ITR u/s 139 I.T Act when condoned by CIT(E): ITAT [Read Order]")