![ITAT Annual Digest [Part-41]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-Income-tax-updates-2023-Income-Tax-taxscan.jpg "ITAT Annual Digest [Part-41]")
ITAT Annual Digest [Part-41]
This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Auditor Inadvertently Shown Wrong Disallowance Sum u/s...
![No Addition shall be made u/s 68 of Income Tax Act when creditworthiness of Loan provider through Banking Channel satisfactorily explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/addition-Income-Tax-Act-creditworthiness-of-loan-provider-banking-channel-satisfactorily-explained-ITAT-taxscan.jpg "No Addition shall be made u/s 68 of Income Tax Act when creditworthiness of Loan provider through Banking Channel satisfactorily explained: ITAT [Read Order]")
![No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Revision-Order-Passed-On-Issue-Raised-By-PCIT-Outside-Scope-Limited-Scrutiny-Allows-Assessee-Appeal-ITAT-Income-Tax-TAXSCAN.jpg "No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]")
![ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-quashes-Revision-Order-Natural-Justice-Principle-Fixed-Assets-Revision-Order-ITAT-Income-Tax-Act-Income-Tax-TAXSCAN.jpg "ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]")
![Deduction on account of Bad Debts are allowable, if bad debt is Written Off as irrecoverable in books of accounts: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-account-Bad-Debts-Deduction-on-account-of-Bad-Debts-are-allowable-Written-Off-irrecoverable-taxscan.jpg "Deduction on account of Bad Debts are allowable, if bad debt is Written Off as irrecoverable in books of accounts: ITAT quashes Revision Order [Read Order]")
Non-compliance of Notice due to different Email ID on Form 35 and ITR: ITAT allows another opportunity to Assessee [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) allowed another opportunity to the assessee for non-compliance of notice due to a different email ID on Form 35 and the Income Tax Return...
![Non-compliance of Notice due to different Email ID on Form 35 and ITR: ITAT allows another opportunity to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-compliance-of-Notice-Form-35-and-ITR-ITAT-Income-tax-act-Income-tax-different-Email-ID-allows-another-opportunity-opportunity-TAXSCAN.jpg "Non-compliance of Notice due to different Email ID on Form 35 and ITR: ITAT allows another opportunity to Assessee [Read Order]")
Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) held that the additions under Section 56(2)(x) of the Income Tax Act, 1961 shall not be sustainable when the conditions for purchase were...
![Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-sustainable-Conditions-sustainable-when-Conditions-for-purchase-were-as-per-Conditions-mentioned-in-Allotment-letter-ITAT-taxscan.jpg "Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]")
No Addition shall be imposed on Assessee when AO has failed to consider payment made towards Amenities included in Basic Cost of flat: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) held that no addition shall be imposed on the assessee when the Assessing Officer has failed to consider the payment made towards the...
![No Addition shall be imposed on Assessee when AO has failed to consider payment made towards Amenities included in Basic Cost of flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Addition-shall-be-imposed-on-Assessee-payment-made-towards-Amenities-Cost-of-flat-ITAT-payment-Amenities-taxscan.jpg "No Addition shall be imposed on Assessee when AO has failed to consider payment made towards Amenities included in Basic Cost of flat: ITAT [Read Order]")
No Revision Order can be passed u/s 263 of Income Tax Act without issuing Show Cause Notice regarding issues in Assessment Order: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Surat bench held that no revision order could be passed under Section 263 of Income Tax Act ,1961 without issuing show cause notice regarding issues in the...
![No Revision Order can be passed u/s 263 of Income Tax Act without issuing Show Cause Notice regarding issues in Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Revision-Order-Income-Tax-Act-Show-Cause-Notice-Assessment-Order-ITAT-Income-Tax-taxscan.jpg "No Revision Order can be passed u/s 263 of Income Tax Act without issuing Show Cause Notice regarding issues in Assessment Order: ITAT [Read Order]")
No Denial of Registration of Trusts with Minor Mismatch in Name under section 12AB of Income Tax Act: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) has ruled that trusts with minor mismatches in their names will not be denied registration under section 12AB of the Income Tax Act, 1961....
![No Denial of Registration of Trusts with Minor Mismatch in Name under section 12AB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Denial-Registration-Trusts-Minor-Mismatch-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Denial of Registration of Trusts with Minor Mismatch in Name under section 12AB of Income Tax Act: ITAT [Read Order]")
No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) held that Assessing Officer has no power to review by reopening assessment under Section 147 of the Income Tax Act,1961 if no addition is made...
![No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Power-to-Review-by-Reopening-Assessment-Income-Tax-Act-if-no-Addition-made-by-AO-During-Original-Assessment-ITAT-TAXSCAN.jpg "No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]")
![Charitable Activities of trust not to be confined to particular caste: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Charitable-Activities-of-trust-confined-to-particular-caste-ITAT-readjudication-TAXSCAN.jpg "Charitable Activities of trust not to be confined to particular caste: ITAT directs Readjudication [Read Order]")