![Construction on Land Owned by Taxpayers Mother is Vaild: ITAT Grants full S. 54F Deduction, Accepts Approved Valuers Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chandigarh-Income-Tax-News-Section-54F-Valuers-Report-Taxscan.jpg "Construction on Land Owned by Taxpayers Mother is Vaild: ITAT Grants full S. 54F Deduction, Accepts Approved Valuers Report [Read Order]")
Construction on Land Owned by Taxpayer's Mother is Vaild: ITAT Grants full S. 54F Deduction, Accepts Approved Valuer's Report [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) granted full deduction under Section 54F of the Income Tax Act, 1961, citing...
![Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bank-Deposit-Constitutes-Income-ITAT-ITAT-Remands-Unexplained-Cash-Deposit-Reconsideration-taxable-income-unexplained-cash-deposits-Commissioner-of-Income-Tax-CIT-Taxscan.jpg "Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]")
![Trader Sold Opening Stock at Discounted Rates leading to Higher Sales compared to Previous Years: ITAT deletes 32 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Discounts-ITAT-Discounted-Rates-taxscan.jpg "Trader Sold Opening Stock at Discounted Rates leading to Higher Sales compared to Previous Years: ITAT deletes 32 Lakh Addition [Read Order]")
![Illiterate Agriculturist Unaware of Complex Tax Proceedings: ITAT Condones 228-Day Delay, Remands Unexplained Cash Credit Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chandigarh-ITAT-Condones-delay-Unexplained-Cash-Credit-Agriculturist-Unaware-of-Complex-Tax-taxscan.jpg "Illiterate Agriculturist Unaware of Complex Tax Proceedings: ITAT Condones 228-Day Delay, Remands Unexplained Cash Credit Matter [Read Order]")
![ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chandigarh-Income-tax-income-tax-news-ITAT-Grants-Exemption-Taxscan.jpg "ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]")
![Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Cessation-of-Liabilities-Cessation-of-Liabilities-Section-411-ITAT-ITAT-Upholds-Deletion-of-Additions-CITA-Deletion-of-Additions-by-CITA-taxscan.jpg "Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]")
Unexplained Cash Deposits u/s 69A: ITAT upholds CIT(A)'s deletion of ₹2.27 Crore Addition [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision to delete the ₹2.27 crore addition made by the Assessing Officer ( AO )...
![Unexplained Cash Deposits u/s 69A: ITAT upholds CIT(A)s deletion of ₹2.27 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Unexplained-Cash-Deposits-TAXSCAN.jpg "Unexplained Cash Deposits u/s 69A: ITAT upholds CIT(A)s deletion of ₹2.27 Crore Addition [Read Order]")
Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the case back to the assessing officer ( AO ) as the additions under Sections 68 and 69 of the Income Tax Act, 1961Â were made...
![Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Sections-68-Income-Tax-Act-Examining-Books-of-Accounts-Books-of-Accounts-taxscan.jpg "Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]")
Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held that contributions to approved superannuation fund were deductible if it was made within prescribed limits of under section 36(1)(iv)...
![Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]")
ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of Commissioner of Income Tax (Appeals),CIT(A), against the appeal filed by Revenue against relieving the penalty under...
![ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-Cooperative-society-TAXSCAN.jpg "ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]")
ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee, relying on the landmark judgment of Bombay High Court in the case of  CIT vs. Jet Airways (I) Ltd., and...
![ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Jet-Airways-Judgment-taxscan.jpg "ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]")
![No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chandigarh-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]")