![Survey Team Mistakenly Multiplies Bundle Weights instead of Accurate Weighing Leading to Quantity Mismatch: ITAT deletes ₹1.3 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Survey-Team-Income-Tax-Appellate-Tribunal-Taxscan.jpg "Survey Team Mistakenly Multiplies Bundle Weights instead of Accurate Weighing Leading to Quantity Mismatch: ITAT deletes ₹1.3 Crore Addition [Read Order]")
Survey Team Mistakenly Multiplies Bundle Weights instead of Accurate Weighing Leading to Quantity Mismatch: ITAT deletes ₹1.3 Crore Addition [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner Of Income Tax (Appeals) [CIT(A)]'s deletion of a Rs.1,36,08,090...
![Taxpayer entitles to Deduction for CENVAT Credit Written Off out of Assets acquired from GAPAIL through Slump Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Delhi-CENVAT-CENVAT-Credit-Central-Value-Added-Tax-Tax-news-Taxscan.jpg "Taxpayer entitles to Deduction for CENVAT Credit Written Off out of Assets acquired from GAPAIL through Slump Sale: ITAT [Read Order]")
![ITAT allows Depreciation claims on Aircraft put to use for a period less than 180 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Delhi-Depreciation-Claims-on-Aircraft-ITAT-aircraft-depreciation-ruling-ITAT-decision-on-aviation-depreciation-Taxscan.jpg "ITAT allows Depreciation claims on Aircraft put to use for a period less than 180 days [Read Order]")
![Interest on Enhanced Compensation is Taxable as Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Enhanced-Compensation-is-Taxable-as-Income-Enhanced-Compensation-income-tax-Interest-Delhi-Bench-taxscan.jpg "Interest on Enhanced Compensation is Taxable as Income from Other Sources: ITAT [Read Order]")
![Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cricket-Club-of-India-ITAT-Revision-Mutuality-taxscan.jpg "Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]")
Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai bench has held that cost of improvement and due indexation benefit on house property is deductible while computing capital gain. The appellant,...
![Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cost-House-Property-Capital-Gain-ITAT-taxscan.jpeg "Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]")
Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]
Disallowance under Section 40A (3) of the Income Tax Act cannot be made in intimation under Section 143(1) of the Income Tax Act, so was held by the Income Tax Appellate Tribunal (ITAT), Mumbai. ...
![Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Disallowance-Act-ITAT-taxscan.jpeg "Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]")
Revisional Jurisdiction can be invoked for 'Lack of Inquiry', not for 'Inadequate Inquiry': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the revisional jurisdiction under section 263 of the Income Tax Act, 1961 can be invoked only for “lack of inquiry” and not for...
![Revisional Jurisdiction can be invoked for Lack of Inquiry, not for Inadequate Inquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revisional-Jurisdiction-Lack-of-Inquiry-Inadequate-Inquiry-ITAT-Taxscan.jpg "Revisional Jurisdiction can be invoked for Lack of Inquiry, not for Inadequate Inquiry: ITAT [Read Order]")
PCIT not justified in invoking Revisionary Jurisdiction merely on basis of different opinion: ITAT grants Relief to Grasim Industries
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while granting the Relief to Grasim Industries ruled that the PCIT not justified in invoking revisionary jurisdiction merely on the basis of...
ITAT directs Charitable Trust to submit Requisite Documents to CIT to seek Registration u/s 12A [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the charitable trust to submit requisite documents to CIT(Exemption) to seek registration under section 12A of the Income Tax Act. ...
![ITAT directs Charitable Trust to submit Requisite Documents to CIT to seek Registration u/s 12A [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-charitable-trust-requisite-documents-CITExemption-Taxscan.jpg "ITAT directs Charitable Trust to submit Requisite Documents to CIT to seek Registration u/s 12A [Read Order]")
![ITAT quashes Reopening of Assessment against Red Hat India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-assessment-Red-Hat-India-Taxscan.jpg "ITAT quashes Reopening of Assessment against Red Hat India [Read Order]")
ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the AO to add only 12% of on-money receipts as undisclosed income. The assessee, M/s. Bhalchandra Trading P. Ltd. raised the issue...
![ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-on-money-receipts-undisclosed-income-taxscan.jpeg "ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]")