![ITAT Sustains Additions u/s 68, Denies Deduction for LIC Premium and Tuition Fees; Dismisses Assessee’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Hyderabad-Section-68-of-income-tax-act-income-tax-act-TAXSCAN.jpg "ITAT Sustains Additions u/s 68, Denies Deduction for LIC Premium and Tuition Fees; Dismisses Assessee’s Appeal [Read Order]")
ITAT Sustains Additions u/s 68, Denies Deduction for LIC Premium and Tuition Fees; Dismisses Assessee’s Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench upheld the additions made under Section 68 of the Income Tax Act, 1961, treating unexplained...
![Actual Turnover of Kaccha Aarahtias is Commission Charged, Does not include Sales affected on Behalf of Principals: ITAT grants Full TDS Grant to Agent [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/commission-agents-tax-CBDT-circular-Kaccha-Aarahtias-TDS-credit-commission-agents-taxscan.jpg "Actual Turnover of Kaccha Aarahtias is Commission Charged, Does not include Sales affected on Behalf of Principals: ITAT grants Full TDS Grant to Agent [Read Order]")
![1 Day Delay is not a Delay in filing Income Tax Appeal Belatedly: ITAT restores Gratuity Addition Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/1-Day-Delay-Delay-in-filing-Income-Tax-Appeal-ITAT-Gratuity-Addition-Matter-CITA-taxscan.jpg "1 Day Delay is not a Delay in filing Income Tax Appeal Belatedly: ITAT restores Gratuity Addition Matter to CIT(A) [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]")
![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]")
21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) order and allowed 21 months of delayed income tax appeal due to the COVID-19...
![21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appeal-Filing-Income-Tax-Appeal-Income-Tax-Tax-Appeal-Income-Tax-Appellate-Tribunal-ITAT-hyderabad-Commissioner-of-Income-Tax-Appeals-taxscan.jpg "21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]")
Society's Secretary Resigned when notice issued: ITAT directs CIT(E) to reconsider Application u/s 12AB [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT )directed the Commissioner of Income Tax (Exemptions) [CIT(E)] to reconsider the application filed under Section 12AB of the Income Tax...
![Societys Secretary Resigned when notice issued: ITAT directs CIT(E) to reconsider Application u/s 12AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-ITAT-Hyderabad-Income-Tax-Appellate-Tribunal-Society-Secretary-Resignation-Notice-TAXSCAN-1.jpeg "Societys Secretary Resigned when notice issued: ITAT directs CIT(E) to reconsider Application u/s 12AB [Read Order]")
Goodwill is an Intangible asset, Depreciation Allowable u/s 32(1) of Income Tax Act: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that goodwill was an intangible asset, depreciation allowable under Section 32(1) of the Income Tax Act, 1961 The assesse...
![Goodwill is an Intangible asset, Depreciation Allowable u/s 32(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Hyderabad-Goodwill-Intangible-asset-Taxation-on-depreciation-taxscan.jpg "Goodwill is an Intangible asset, Depreciation Allowable u/s 32(1) of Income Tax Act: ITAT [Read Order]")
Extension of due date under CBDT circular is Dependent upon Quantification of Interest u/s 234 of Income Tax Act: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that extension of due date under Central Board of Direct Taxes ( CBDT ) circular is Dependent upon Quantification of...
![Extension of due date under CBDT circular is Dependent upon Quantification of Interest u/s 234 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Hyderabad-Income-Tax-CBDT-circular-CBDT-taxscan.jpg "Extension of due date under CBDT circular is Dependent upon Quantification of Interest u/s 234 of Income Tax Act: ITAT [Read Order]")
![ITAT Annual Digest [Part-23]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-PART-23-ITAT-ANNUAL-DIGEST-ITAT-ANNUAL-DIGEST-PART-23-taxscan.jpg "ITAT Annual Digest [Part-23]")
![ITAT Annual Digest [Part 17]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-cases-2023-Tax-tribunal-updates-Annual-tax-analysis-Income-tax-appeals-ITAT-decisions-2023-ITAT-ITAT-Case-taxscan.jpg "ITAT Annual Digest [Part 17]")
![Addition u/s 69A of Income Tax Act when Specific Notes form a part of Gross Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-Specific-Notes-Gross-Sale-ITAT-TAXSCAN.jpg "Addition u/s 69A of Income Tax Act when Specific Notes form a part of Gross Sale: ITAT [Read Order]")