![ITAT deletes 69 Addition as Cash Sales cant take place before Commencement of Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Cash-Sales-place-Commencement-Business-taxscan.jpg "ITAT deletes 69 Addition as Cash Sales cant take place before Commencement of Business [Read Order]")
ITAT deletes 69 Addition as Cash Sales can't take place before Commencement of Business [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under section 69 of the Income Tax Act, 1961 as the cash sales...
![Disallowance u/s 57(ii) of Income Tax Act allowable on Expenses Incurred wholly for earning Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Disallowance-Income-Tax-Act-Expenses-Income-Other-Sources-ITAT-taxscan.jpg "Disallowance u/s 57(ii) of Income Tax Act allowable on Expenses Incurred wholly for earning Income from Other Sources: ITAT [Read Order]")
![CIT (A)Â cannot delete Disallowance without Observing Findings of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/CIT-A-Disallowance-AO-ITAT-taxscan.jpg "CIT (A)Â cannot delete Disallowance without Observing Findings of AO: ITAT [Read Order]")
![Depreciation Claim allowable on Vehicle used Commercially for Business Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Depreciation-Claim-Vehicle-Commercially-Business-Purpose-ITAT-taxscan.jpg "Depreciation Claim allowable on Vehicle used Commercially for Business Purpose: ITAT [Read Order]")
![ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-ITAT-on-donation-deduction-Donation-taxscan.jpg "ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]")
Income Tax Dept. fails to File Appeal on time, No Explanation provided for Delay: ITAT dismisses Appeal [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by the Income Tax Department due to a failure to meet the filing deadline, with no satisfactory...
![Income Tax Dept. fails to File Appeal on time, No Explanation provided for Delay: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Income-tax-appeal-dismissed-taxscan.jpg "Income Tax Dept. fails to File Appeal on time, No Explanation provided for Delay: ITAT dismisses Appeal [Read Order]")
Method of Revenue Recognition and application of Accounting Standard properly verified by AO in Assessment Order: ITAT quashes Revision Order
The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) while quashing the revision order held that the method of revenue recognition and application of accounting standard are properly verified...
Trade or Business Related Services Ineligible for charitable Purposes: ITAT denies Registration u/s 2(15) of Income Tax Act [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has denied eligibility for charitable purposes under Section 2(15) of the Income Tax Act, 1961, to services related to trade or...
![Trade or Business Related Services Ineligible for charitable Purposes: ITAT denies Registration u/s 2(15) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Trade-Business-Business-Related-Services-charitable-Purposes-ITAT-Registration-taxscan.jpg "Trade or Business Related Services Ineligible for charitable Purposes: ITAT denies Registration u/s 2(15) of Income Tax Act [Read Order]")
Capital Gain earn from sale of shares cannot be held as Bogus merely on basis of report unearthed in case of third parties: ITAT deletes addition made u/s 68 of IT Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench while deleting the addition made under Section 68 of the Income Tax Act, 1961 held that capital gain earned from sale of shares could...
![Capital Gain earn from sale of shares cannot be held as Bogus merely on basis of report unearthed in case of third parties: ITAT deletes addition made u/s 68 of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Capital-Gain-Failure-to-prove-Existence-of-Firm-and-its-Succession-with-Company-ITAT-TAXSCAN.jpg "Capital Gain earn from sale of shares cannot be held as Bogus merely on basis of report unearthed in case of third parties: ITAT deletes addition made u/s 68 of IT Act [Read Order]")
![ITAT Annual Digest [Part - 25]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-Income-tax-taxscan.jpg "ITAT Annual Digest [Part - 25]")
![ITAT Annual Digest [Part - 24]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-ITAT-Income-tax-taxscan.jpg "ITAT Annual Digest [Part - 24]")
Proceeding Initiated u/s 148 for Incriminating material found against a person other than Searched Person is beyond Jurisdiction: ITAT [Read Order
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the proceedings initiated under Section 148 of the Income Tax Act, 1961 for the incriminating material found against a person...
