![AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Lucknow-ITAT-case-on-hypothetical-sales-calculation-TAXSCAN.jpg "AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT [Read Order]")
AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, has ruled that Assessing Officer (AO) is not legally entitled to estimate sales on a...
![Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Quantum-Quantum-of-Disallowance-Disallowance-AO-taxscan.jpg "Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]")
![Non- Compliance to Order of CIT(A) cannot be Sole Reason to Allow Addition on C: ITAT Sets Aside Ex Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Compliance-to-Order-of-CITA-Sole-Reason-to-Allow-Addition-on-ITR-Filed-ITAT-Sets-Aside-Ex-Parte-Order-TAXSCAN.jpg "Non- Compliance to Order of CIT(A) cannot be Sole Reason to Allow Addition on C: ITAT Sets Aside Ex Parte Order [Read Order]")
![Amount in Nature of Debt Claim, till possession was actually handed over is Taxable under India UK DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Amount-in-Nature-of-Debt-Claim-Taxable-under-India-UK-DTAA-ITAT-TAXSCAN.jpg "Amount in Nature of Debt Claim, till possession was actually handed over is Taxable under India UK DTAA: ITAT [Read Order]")
![Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Subsidy-TUF-Scheme-Capital-Receipt-Deduction-Subsidy-received-ITAT-taxscan.jpg "Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]")
Ignoring Assessee’s Submissions and Additional Evidence is 'Patently and Legally Wrong': ITAT condemns NFAC’s Approach [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench has slammed the National Faceless Appeal Centre (NFAC) for not acknowledging the submissions and additional evidence produced by the...
![Ignoring Assessee’s Submissions and Additional Evidence is Patently and Legally Wrong: ITAT condemns NFAC’s Approach [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Additional-Evidence-ITAT-NFAC-taxscan.jpeg "Ignoring Assessee’s Submissions and Additional Evidence is Patently and Legally Wrong: ITAT condemns NFAC’s Approach [Read Order]")
Appeal dismissed on ground of Delay of 252 Days without asking Reasons: ITAT directs NFAC to Re-consider [Read Order]
In an assessee-favoring ruling, the Income Tax Appellate Tribunal (ITAT) Chandigarh bench has directed the National Faceless Appeal Centre, (NFAC) to re-adjudicate the appeal on merits since the...
![Appeal dismissed on ground of Delay of 252 Days without asking Reasons: ITAT directs NFAC to Re-consider [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Appeal-Delay-ITAT-NFAC-Re-consider-Taxscan.jpg "Appeal dismissed on ground of Delay of 252 Days without asking Reasons: ITAT directs NFAC to Re-consider [Read Order]")
No Income Tax Applicable on Income earned from sale of investment: ITAT grants relief to Oriental Insurance [Read Order]
In a major relief to Oriental Insurance, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the no Income Tax Applicable on Income earned from the sale of an investment. The...
![No Income Tax Applicable on Income earned from sale of investment: ITAT grants relief to Oriental Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Income-Tax-Income-sale-of-investment-ITAT-Oriental-Insurance-Taxscan.jpg "No Income Tax Applicable on Income earned from sale of investment: ITAT grants relief to Oriental Insurance [Read Order]")
Re-Assessment based on Enquiry Conducted on Third Party Opinion and Without Application of Mind of the AO is Invalid: ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that the re-opening of assessment under section 147/148 of the Income Tax Act, 1961 cannot be made merely based on enquiry conducted on the...
![Re-Assessment based on Enquiry Conducted on Third Party Opinion and Without Application of Mind of the AO is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Re-Assessment based on Enquiry Conducted on Third Party Opinion and Without Application of Mind of the AO is Invalid: ITAT [Read Order]")