![Gross Profit Rate Increase: ITAT Upholds CIT(A)s Reduction from ₹1.01 Cr to ₹10.21 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Gross-Profit-Rate-Increase-ITAT-Upholds-CITA-TAXSCAN.jpg "Gross Profit Rate Increase: ITAT Upholds CIT(A)s Reduction from ₹1.01 Cr to ₹10.21 Lakh [Read Order]")
Gross Profit Rate Increase: ITAT Upholds CIT(A)'s Reduction from ₹1.01 Cr to ₹10.21 Lakh [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals) CIT(A)’s decision to reduce the gross profit...
![Addition of ₹1.22 Crore for Cash Deposits During Demonetization: ITAT Upholds CIT(A)’s Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cash-Deposits-Demonetization-ITAT-Upholds-CITA-Deletion-TAXSCAN.jpg "Addition of ₹1.22 Crore for Cash Deposits During Demonetization: ITAT Upholds CIT(A)’s Deletion [Read Order]")
![ITAT quashes AO’s Rs. 57.03 Lakh Cash Deposit Addition & Penalty, Grants Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Lucknow-Income-tax-Income-Tax-News-ITAT-quashes-penalty-Taxscan.jpg "ITAT quashes AO’s Rs. 57.03 Lakh Cash Deposit Addition & Penalty, Grants Fresh Hearing [Read Order]")
![Cash Deposits during Demonetisation: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Cash-Deposits-Demonetisation-ITAT-Income-Tax-Act-taxscan.jpg "Cash Deposits during Demonetisation: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]")
![Unexplained Cash Credit Addition of Rs. 1.36 Crore u/s 69A: ITAT Upholds CIT(A) Decision to Delete Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Cash-Credit-Deletion-of-Addition-ITAT-Upholds-Income-Tax-Appellate-Tribunal-Section-69A-taxscan.jpg "Unexplained Cash Credit Addition of Rs. 1.36 Crore u/s 69A: ITAT Upholds CIT(A) Decision to Delete Addition [Read Order]")
CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) directed the commissioner of Income Tax (appeals)[CIT(A)] to recalculate the 90 limits starting from October 3, 2021, excluding the COVID-19...
![CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/COVID-19-ITAT-ITAT-directs-recalculation-taxscan.jpg "CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]")
‘No person will derive any Undue Benefit by not preferring Appeal against any Assessment order passed under Act’: ITAT condones 2564-day delay [Read Order]
In a recent ruling, the Lucknow bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal filed by the assessee and condoned the 2564-day delay in filing the appeal, as no undue benefit...
![‘No person will derive any Undue Benefit by not preferring Appeal against any Assessment order passed under Act’: ITAT condones 2564-day delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-Assessment-order-Appeal-against-any-Assessment-order-ITAT-condones-ITAT-Lucknow-Undue-Benefit-by-not-preferring-Appeal.jpg "‘No person will derive any Undue Benefit by not preferring Appeal against any Assessment order passed under Act’: ITAT condones 2564-day delay [Read Order]")
No Additions allowed in Completed/Unabated Assessments u/s 153A or 153C without Incriminating Material found during Search: ITAT [Read Order]
The Lucknow Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that no additions were allowed in completed/unabated assessments under Section 153A or 153C of the Income Tax Act, 1961 without...
![No Additions allowed in Completed/Unabated Assessments u/s 153A or 153C without Incriminating Material found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/No-Additions-Completed-Unabated-Assessments-Incriminating-Material-Search-ITAT-taxscan.jpg "No Additions allowed in Completed/Unabated Assessments u/s 153A or 153C without Incriminating Material found during Search: ITAT [Read Order]")
AO Fails to Verify FMV with Valuation Officer u/s 50C(2) upon Taxpayer’s Dispute: ITAT Invalidates STCG Addition [Read Order]
The Lucknow Bench of the Income Tax Appellate Tribunal ( ITAT ) invalidated the addition of short-term capital gains ( STCG ) after the assessing officer failed to consult a valuation officer to...
![AO Fails to Verify FMV with Valuation Officer u/s 50C(2) upon Taxpayer’s Dispute: ITAT Invalidates STCG Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Lucknow-Income-Tax-Section-50C2-of-Income-Tax-Act-Income-Tax-Ac-Short-Term-Capital-Gains-Taxscan.jpg "AO Fails to Verify FMV with Valuation Officer u/s 50C(2) upon Taxpayer’s Dispute: ITAT Invalidates STCG Addition [Read Order]")
ITAT Criticizes Revenue's Unnecessary Appeal against CIT(A)'s Exemption u/s 26AAB despite AO already accepting claim
The Lucknow Bench of Income Tax Appellate Tribunal ( ITAT ) criticized revenue for its unnecessary appeal against the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision regarding income tax...
Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) has reduced the disallowance as the quantum of disallowance made by the Assessing Officer (AO) was excessive and unreasonably high. In...
![Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Quantum-Quantum-of-Disallowance-Disallowance-AO-taxscan.jpg "Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]")