![Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reversal-of-Deletion-of-Addition-on-Unexplained-Cash-Credit-Delhi-HC-Directs-ITAT-Reasons-for-Reversal-TAXSCAN.jpg "Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]")
Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]
In the case of reversal of deletion of addition on unexplained cash credit, the Delhi High Court directed the Income Tax Appellate Tribunal (ITAT)...
![Application of Maximum Marginal Rate on Trust with Known Beneficiaries: ITAT directs to apply Individual Rates [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Application-of-Maximum-Marginal-Rate-on-Trust-Beneficiaries-ITAT-Rates-TAXSCAN.jpg "Application of Maximum Marginal Rate on Trust with Known Beneficiaries: ITAT directs to apply Individual Rates [Read Order]")
![ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Re-adjudication-of-Foreign-Income-Deceased-Assessee-depending-on-Residential-Status-of-Previous-Year-Executor-TAXSCAN.jpg "ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]")
![Investment Allowance claimed u/s. 32AC of Income Tax Act towards new asset shall not allowable if assessee already claim depreciation on New Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Investment-Allowance-claimed-Income-Tax-Act-towards-new-asset-claim-depreciation-on-New-Asset-ITAT-TAXSCAN.jpg "Investment Allowance claimed u/s. 32AC of Income Tax Act towards new asset shall not allowable if assessee already claim depreciation on New Asset: ITAT [Read Order]")
![Provisions of Section 41(1) of Income Tax Act are Attracted Only if Some Trading Liability is Written back: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Provisions-Income-Tax-Act-are-Attracted-Trading-Liability-is-Written-back-ITAT-Deletes-Addition-TAXSCAN.jpg "Provisions of Section 41(1) of Income Tax Act are Attracted Only if Some Trading Liability is Written back: ITAT deletes Addition [Read Order]")
Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) condoned a delay of 264 days in filing appeal and held that the assessee is eligible for set off of excess application of income of...
![Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allowance-of-Set-off-of-Earlier-Years-Excess-Application-from-Subsequent-Year-Surplus-Income-Income-Tax-Act-to-Charitable-Trust-ITAT-Condones-Delay-TAXSCAN.jpg "Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]")
Deduction u/s 80I of Income Tax Act should be Construed Liberally as the Intention of legislature is Promotion of Growth and Development of Infrastructure: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the deduction under Section 80I of the Income Tax Act 1961 should be construed liberally as the intention of the legislature was...
![Deduction u/s 80I of Income Tax Act should be Construed Liberally as the Intention of legislature is Promotion of Growth and Development of Infrastructure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Act-should-be-Construed-Liberally-Intention-of-legislature-is-Promotion-of-Growth-and-Development-of-Infrastructure-ITAT-TAXSCAN.jpg "Deduction u/s 80I of Income Tax Act should be Construed Liberally as the Intention of legislature is Promotion of Growth and Development of Infrastructure: ITAT [Read Order]")
![Section 269ST Applies to Undisclosed Income Declared During Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Applies-to-Undisclosed-Income-Declared-During-Survey-ITAT-TAXSCAN.jpg "Section 269ST Applies to Undisclosed Income Declared During Survey: ITAT [Read Order]")
Retained Amount from Security Deposit of leased housing property due to cancellation of Lease Deed is assessable under head ‘Income from House Property’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that the retained amount from security deposit of leased housing property due to the cancellation of lease deed is assessable under the...
![Retained Amount from Security Deposit of leased housing property due to cancellation of Lease Deed is assessable under head ‘Income from House Property’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Retained-amount-from-Security-Deposit-of-leased-housing-property-due-to-cancellation-of-Lease-income-from-House-Property-ITAT-TAXSCAN.jpg "Retained Amount from Security Deposit of leased housing property due to cancellation of Lease Deed is assessable under head ‘Income from House Property’: ITAT [Read Order]")
Additional Income under excess stocks treated as 'business income' does not attract the provisions u/s 69B of Income Tax Act: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT(A)] was not justified in confirming the order of Assessing Officer (AO) in excluding the...
![Additional Income under excess stocks treated as business income does not attract the provisions u/s 69B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Additional-Income-under-excess-stocks-treated-business-income-Income-Tax-Act-ITAT-TAXSCAN.jpg "Additional Income under excess stocks treated as business income does not attract the provisions u/s 69B of Income Tax Act: ITAT [Read Order]")
Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order: ITAT upholds Revision order [Read Order]
The Rajkot bench of Income Tax Appellate Tribunal (ITAT) upheld the revision order of the Principal Commissioner of Income Tax (PCIT), holding the non-invocation of Section 115BBE of the Income Tax...
![Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order: ITAT upholds Revision order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-Invocation-of-Section-115-BBE-of-Income-Tax-Act-on-the-addition-made-on-account-of-unexplained-sundry-creditors-is-an-error-in-assessment-order-ITAT-upholds-Revision-order-TAXSCAN.jpg "Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order: ITAT upholds Revision order [Read Order]")
ITAT directs to compute addition towards 2% of profit on sale of silver by assessee found during Search proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench directed to compute addition towards 2% of profit on silver sold by assessee found during the course of search proceedings. The AO made additions...
![ITAT directs to compute addition towards 2% of profit on sale of silver by assessee found during Search proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-to-compute-addition-towards-profit-on-sale-of-silver-by-assessee-found-during-Search-proceedings-TAXSCAN.jpg "ITAT directs to compute addition towards 2% of profit on sale of silver by assessee found during Search proceedings [Read Order]")