![Demonetization Period Cash Deposit: ITAT directs AO to Verify Source of ₹24L in SBI A/c [Read Order]](https://images.taxscan.in/h-upload/2025/06/06/500x300_2041554-unexplained-cash-deposit-penalty-income-tax-act-taxscan.webp "Demonetization Period Cash Deposit: ITAT directs AO to Verify Source of ₹24L in SBI A/c [Read Order]")
Demonetization Period Cash Deposit: ITAT directs AO to Verify Source of ₹24L in SBI A/c [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) allowed an appeal against order of Commissioner of Income Tax (Appeals) [ CIT(A)...
![No Addition to be Made u/s 14A r.w.r. 8D, Income Tax when No Exempt Income Earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Income-Tax-Income-tax-exemption-taxscan.jpg "No Addition to be Made u/s 14A r.w.r. 8D, Income Tax when No Exempt Income Earned by Assessee: ITAT [Read Order]")
![Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AOs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Visakhapatnam-Machinery-Installation-Disallowance-Taxscan.jpg "Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AOs Order [Read Order]")
![Law does Not Require Performance of Impossible Act: ITAT directs Revenue to adopt Constructive Approach in ITR-7 Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Visakhapatnam-ITAT-directs-Revenue-Constructive-Approach-in-ITR-7-Filing-ITAT-directs-Income-Tax-Constructive-Approach-Revenue-to-adopt-Constructive-ITR-7-Filing-taxscan-1.jpg "Law does Not Require Performance of Impossible Act: ITAT directs Revenue to adopt Constructive Approach in ITR-7 Filing [Read Order]")
![Delay may be condoned when Bona Fide Sufficient Cause is Proven, Negligence not a valid Excuse: ITAT Visakhapatnam [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Visakhapatnam-Income-Tax-Appellate-Tribunal-ITAT-delay-condonation-rules-TAXSCAN.jpg "Delay may be condoned when Bona Fide Sufficient Cause is Proven, Negligence not a valid Excuse: ITAT Visakhapatnam [Read Order]")
Consideration of Commission Income over Gross Sales: ITAT allows Full Credit Eligibility for Commission Agents [Read Order]
The Visakhapatnam Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed full Tax Deducted at Source ( TDS ) credit for commission agents citing CBDT Circular No. 452 which clarifies that only...
![Consideration of Commission Income over Gross Sales: ITAT allows Full Credit Eligibility for Commission Agents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Tax-Deducted-at-Source-TDS-Credit-Eligibility-under-CBDT-Circular-CBDT-Circular-No.-452-Guidelines-Taxscan.jpg "Consideration of Commission Income over Gross Sales: ITAT allows Full Credit Eligibility for Commission Agents [Read Order]")
Non-Appearance Due to Health Issues: ITAT Remands Business Income Estimation Matter for Reconsideration [Read Order]
The Visakhapatnam Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter of business income estimation for reconsideration citing the assessee’s failure to appear before the...
![Non-Appearance Due to Health Issues: ITAT Remands Business Income Estimation Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-TAXSCAN.jpg "Non-Appearance Due to Health Issues: ITAT Remands Business Income Estimation Matter for Reconsideration [Read Order]")
AO Overlaps Unexplained Income with Declared Turnover: ITAT deletes Incorrect Addition and Lowers Income Estimation Rate to 4% [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an incorrect addition made by the assessing officer who mistakenly added declared turnover as unexplained income. The...
![AO Overlaps Unexplained Income with Declared Turnover: ITAT deletes Incorrect Addition and Lowers Income Estimation Rate to 4% [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "AO Overlaps Unexplained Income with Declared Turnover: ITAT deletes Incorrect Addition and Lowers Income Estimation Rate to 4% [Read Order]")
ITAT upholds CIT(A) Decision Deleting Rs. 3.80 Crore On-Money Addition in Land Purchase, citing Lack of Evidence linking Assessee to Cash Transaction [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition of Rs. 3.80 crore made by the Assessing...
![ITAT upholds CIT(A) Decision Deleting Rs. 3.80 Crore On-Money Addition in Land Purchase, citing Lack of Evidence linking Assessee to Cash Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Addition-in-Land-Purchase-Cash-Transaction-Commissioner-of-Income-Tax-Taxscan.jpg "ITAT upholds CIT(A) Decision Deleting Rs. 3.80 Crore On-Money Addition in Land Purchase, citing Lack of Evidence linking Assessee to Cash Transaction [Read Order]")
ITAT Overturns AO's Additions for deemed Rental Income, upholding Long-Term Lease Agreements [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer's ( AO ) additions for deemed rental income, emphasizing the validity of long-term lease agreements...
![ITAT Overturns AOs Additions for deemed Rental Income, upholding Long-Term Lease Agreements [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Rental-Income-Long-Term-Lease-Agreement-Rental-Income-Additions-Taxscan.jpg "ITAT Overturns AOs Additions for deemed Rental Income, upholding Long-Term Lease Agreements [Read Order]")
ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) allowed a weighted deduction under Section 35(2AB) of Income Tax Act,1961 for the assessee, classifying funding received from the...
![ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-DSIR-Soft-Loan-Taxscan.jpg "ITAT allows Weighted Deduction under Section 35(2AB), Classifying DSIR Funding as Soft Loan [Read order]")
ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal(ITAT) remitted the matter back to the Commissioner of Income Tax(Appeals)[CIT(A)] for reassessment of cash deposits made by the assessee,...
![ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Remits-ITAT-Remits-Case-CITA-Reassessment-Cash-Deposits-Additional-Evidence-Commissioner-of-Income-TaxAppeals-taxscan.jpg "ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]")