![Service of Notice through E-mail despite Opting ‘No’ is Improper: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surat-Service-of-Notice-E-mail-despite-email-notice-improper-ITAT-remands-matter-for-improper-notice-taxscan.jpg "Service of Notice through E-mail despite Opting ‘No’ is Improper: ITAT remands Matter [Read Order]")
Service of Notice through E-mail despite Opting ‘No’ is Improper: ITAT remands Matter [Read Order]
The Surat bench of Income Tax Appellate Tribunal ( ITAT ) has directed to pass fresh income tax assessment order as the CIT(A) and AO passed ex-parte...
![Agriculturist Claims Pre-Demonetization Cash Deposits: ITAT Remands Ex-Parte Assessment for Verification of Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surat-Pre-Demonetization-Cash-Deposit-Ex-Parte-Assessment-ITAT-remands-ex-parte-assessment-taxscan.jpg "Agriculturist Claims Pre-Demonetization Cash Deposits: ITAT Remands Ex-Parte Assessment for Verification of Claim [Read Order]")
![AO adds ₹15 Lakh for Alleged Fake Loan given Based on Third-Party Information: ITAT deletes Addition Citing Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surath-Fake-Loan-ITAT-Deletes-Addition-Genuine-Transaction-ITAT-deletes-15-lakh-addition-taxscan.jpg "AO adds ₹15 Lakh for Alleged Fake Loan given Based on Third-Party Information: ITAT deletes Addition Citing Genuine Transaction [Read Order]")
![ITAT Annual Digest [Part 67]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Taxscan-ITAT-analysis-Income-Tax-Appellate-Tribunal-ITAT-annual-review-ITAT-judgments-Tax-tribunal-updates-taxscan.jpg "ITAT Annual Digest [Part 67]")
![ITAT Annual Digest [Part-41]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-Income-tax-updates-2023-Income-Tax-taxscan.jpg "ITAT Annual Digest [Part-41]")
Every Loss of revenue as a consequence of an order of Assessing Officer cannot be treated as Prejudicial to Interest of Revenue: ITAT quashes Revision Order passed against Depreciation claimed on New Assets
The Income Tax Appellate Tribunal (ITAT), Surat bench, quashed the revision order passed under section 263 of the Income Tax Act, 1961, without following the natural justice principle in respect of...
No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat bench held that no revision order could be passed on issues raised by the PCIT outside the scope of limited scrutiny. Therefore, the bench quashed the...
![No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Revision-Order-Passed-On-Issue-Raised-By-PCIT-Outside-Scope-Limited-Scrutiny-Allows-Assessee-Appeal-ITAT-Income-Tax-TAXSCAN.jpg "No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]")
ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat bench, quashed the revision order passed under Section 263 of the Income Tax Act, 1961, without following the principle of natural justice in respect...
![ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-quashes-Revision-Order-Natural-Justice-Principle-Fixed-Assets-Revision-Order-ITAT-Income-Tax-Act-Income-Tax-TAXSCAN.jpg "ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]")
Deduction on account of Bad Debts are allowable, if bad debt is Written Off as irrecoverable in books of accounts: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat bench held that deduction on account of bad debts is allowable if bad debt is written off as irrevocable in the books of accounts. Therefore, the bench...
![Deduction on account of Bad Debts are allowable, if bad debt is Written Off as irrecoverable in books of accounts: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-account-Bad-Debts-Deduction-on-account-of-Bad-Debts-are-allowable-Written-Off-irrecoverable-taxscan.jpg "Deduction on account of Bad Debts are allowable, if bad debt is Written Off as irrecoverable in books of accounts: ITAT quashes Revision Order [Read Order]")
Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) held that the additions under Section 56(2)(x) of the Income Tax Act, 1961 shall not be sustainable when the conditions for purchase were...
![Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-sustainable-Conditions-sustainable-when-Conditions-for-purchase-were-as-per-Conditions-mentioned-in-Allotment-letter-ITAT-taxscan.jpg "Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]")
No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) held that Assessing Officer has no power to review by reopening assessment under Section 147 of the Income Tax Act,1961 if no addition is made...
![No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Power-to-Review-by-Reopening-Assessment-Income-Tax-Act-if-no-Addition-made-by-AO-During-Original-Assessment-ITAT-TAXSCAN.jpg "No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]")
Weight of Diamond shall be Excluded to Determine Gross Weight of Jewellery Seized by Income Tax Dept: ITAT [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has held that the weight of diamonds should be excluded to determine the gross weight of jewellery seized by the Income Tax Department. A...
![Weight of Diamond shall be Excluded to Determine Gross Weight of Jewellery Seized by Income Tax Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Weight-of-Diamond-Weight-of-Diamond-shall-be-Excluded-to-Determine-Gross-Weight-Gross-Weight-Gross-Weight-of-Jewellery-taxscan.jpg "Weight of Diamond shall be Excluded to Determine Gross Weight of Jewellery Seized by Income Tax Dept: ITAT [Read Order]")