![ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Quashes-Income-Tax-Appellate-Tribunal-Mother-Theresa-Educational-Society-Nil-Income-CITE-Order-taxscan.jpg "ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]")
ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the Commissioner of Income Tax (Exemption)[CIT(E)]'s order, upholding the...
![ITAT upholds Deletion of Penalty on Mother Theressa Educational Society for Misreported Depreciation, Highlighting Spending Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-TAXSCAN.jpg "ITAT upholds Deletion of Penalty on Mother Theressa Educational Society for Misreported Depreciation, Highlighting Spending Compliance [Read Order]")
![ITAT Overturns AOs Addition of Rs. 1.4 Lakh u/s 68, Validating Assessees Cash and Insurance Payment Accounting [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Income-Tax-Section-68-of-the-Income-Tax-Act-Income-Tax-Act-Taxscan.jpeg "ITAT Overturns AOs Addition of Rs. 1.4 Lakh u/s 68, Validating Assessees Cash and Insurance Payment Accounting [Read Order]")
![ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessees Non-Compliance with Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Ex-Parte-Dismissal-Commissioner-of-Income-Tax-ITAT-Remands-Case-to-CITA-Taxscan.jpeg "ITAT Remands Case to CIT(A) for Fresh Hearing after Ex Parte Dismissal Due to Assessees Non-Compliance with Notices [Read Order]")
![ITAT upholds AOs Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessees insufficient explanation of Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakapatanam-Income-Tax-ITAT-upholds-AO-Addition-AO-Addition-for-Unexplained-Fund-Taxscan.jpeg "ITAT upholds AOs Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessees insufficient explanation of Funds [Read Order]")
ITAT upholds AO's Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Assessing Officer's ( AO ) addition of ₹9.65 lakh under section 56(2)(x), of Income Tax Act,1961 ruling that the gift...
![ITAT upholds AOs Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakapatanam-Income-Tax-Section-562x-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "ITAT upholds AOs Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]")
Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT )ruled that a cooperative society is eligible for an income tax deduction under Section 80P(2)(a)(i) for interest income derived from...
![Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Interest-Income-Taxscan.jpg "Cooperative Society Eligible for Income Tax Deduction u/s 80P(2)(a)(i) on Bank Interest Income: ITAT [Read Order]")
![ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Deletes-Income-Tax-Appellate-Tribunal-unsecured-loans-Affirming-Validity-of-Sources-Validity-of-Sources-taxscan.jpg "ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]")
Own-Occupancy and Usage of Office Space: ITAT Remands Matter for Production of Lease Agreement and other Evidences [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam in a recent case regarding self-occupancy and usage of office, proceeded to remand the matter back to the Commissioner of Income Taxes...
![Own-Occupancy and Usage of Office Space: ITAT Remands Matter for Production of Lease Agreement and other Evidences [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Visakhapatnam-Office-space-lease-agreement-Office-space-ownership-legal-TAXSCAN.jpg "Own-Occupancy and Usage of Office Space: ITAT Remands Matter for Production of Lease Agreement and other Evidences [Read Order]")
Adjudication of Income Tax Appeal by CIT(A) w/o waiting for Remand Report from AO: ITAT Remands Matter
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam recently remanded a case arising from the decision of the Commissioner of Income Taxes (Appeals), National Faceless Appeal Centre, Delhi (...
No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam recently remanded a matter to the Commissioner of Income Tax (Exemptions) ( CIT(E) ) citing the dearth of material on record to prove prior...
![No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Visakapatanam-Income-Tax-Income-Tax-Exemption-Commissioner-of-Income-Tax-Rejection-of-Income-Tax-Exemption-taxscan.jpg "No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]")
Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]
The Visakhapatnam Bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that a delay above 24 months to conduct registration of house after sale does not vitiate an Assessee’s ability to...
![Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Visakhapatnam-Income-Tax-Appellate-Tribunal-Income-tax-exemption-TAXSCAN.jpeg "Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]")