![ITAT Rejects Revenues Rs. 39.52 Lakh Overstatement of purchase claim, upholds CIT(A) Ruling due to GST Period Difference [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Ahmedabad-Overstatement-of-Purchase-Claim-GST-Period-Difference-CITA-Ruling-ITAT-GST-Income-Tax-Appellate-Tribunal-Goods-and-Service-Tax-Commissioner-of-Income-Tax-CITA-taxscan.jpg "ITAT Rejects Revenues Rs. 39.52 Lakh Overstatement of purchase claim, upholds CIT(A) Ruling due to GST Period Difference [Read Order]")
ITAT Rejects Revenue's Rs. 39.52 Lakh Overstatement of purchase claim, upholds CIT(A) Ruling due to GST Period Difference [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal( ITAT ) rejected the Revenue’s claim of Rs. 39.52 lakh overstatement of purchases, upholding the...
![Dismissal of Appeal by CIT(A) even after submitting sufficient reasons: ITAT Condones Delay and Restores Matter to CIT(A) [Read order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-ITAT-Condones-Delay-TAXSCAN.jpg "Dismissal of Appeal by CIT(A) even after submitting sufficient reasons: ITAT Condones Delay and Restores Matter to CIT(A) [Read order]")
![Delayed PF & ESIC Payments: ITAT remands Matter for Production of Payment Challans [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-Delayed-PF-ESIC-Payments-Delayed-PF-and-ESIC-Payments-ITAT-remands-Payment-Challans-Production-of-Payment-Challans-taxscan.jpg "Delayed PF & ESIC Payments: ITAT remands Matter for Production of Payment Challans [Read Order]")
![lTAT Deletes Addition of Rs. 16,80,000 for SBN Deposits from Liquor Sales, Citing Exceptional Circumstances [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/lTAT-SBN-Deposits-from-Liquor-Sales-Citing-Exceptional-Circumstances-TAXSCAN.jpg "lTAT Deletes Addition of Rs. 16,80,000 for SBN Deposits from Liquor Sales, Citing Exceptional Circumstances [Read Order]")
Ad-Hoc Income Tax Addition on Guess Work: ITAT Remands Matter Despite Assessee’s Failure to Furnish Evidence [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, remanded a case involving the assessee, Virtual Global Education Ltd. back to the Assessing Officer ( AO ), after...
![Ad-Hoc Income Tax Addition on Guess Work: ITAT Remands Matter Despite Assessee’s Failure to Furnish Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-ITAT-Delhi-Ad-Hoc-TAXSCAN.jpg "Ad-Hoc Income Tax Addition on Guess Work: ITAT Remands Matter Despite Assessee’s Failure to Furnish Evidence [Read Order]")
Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee ruling that accumulated income can be applied towards the acquisition of fixed assets under Section...
![Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Accumulation-Income-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Fixed-Assets-Fixed-Assets-Acquisition-taxscan.jpg "Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]")
Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee ruling that accumulated income can be applied towards the acquisition of fixed assets under Section...
![Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Accumulation-Income-Fixed-Assets-Income-Tax-Taxscan.jpg "Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]")
![Failure to Explain Unexplained Credits of Rs. 11 Cr due to Covid-19: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Covid-19-tax-issues-unexplained-cash-credit-section-68-TAXSCAN.jpeg "Failure to Explain Unexplained Credits of Rs. 11 Cr due to Covid-19: ITAT remands Matter [Read Order]")
ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]
In the recent case, the Cuttack bench of Income Tax Appellate Tribunal(ITAT) remanded the appeal by the assessee against the Commissioner Of Income Tax (Appelas)[CIT(A)]'s order after condoning a...
![ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Remands-ITAT-Cuttack-CITA-Evidence-Issues-Income-Tax-Appellate-Tribunal-ITAT-Commissioner-Of-Income-Tax-TAXSCAN.jpg "ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]")
Disallowance under Income Tax Act cannot be based on Presumptions of Earning Dividend Income in future: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under Income Tax Act, 1961 cannot be based on presumptions of earning dividend income in future. It was found...
![Disallowance under Income Tax Act cannot be based on Presumptions of Earning Dividend Income in future: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-Dividend-Income-Dividend-Income-Taxation-taxscan.jpg "Disallowance under Income Tax Act cannot be based on Presumptions of Earning Dividend Income in future: ITAT [Read Order]")
Kerala HC allows Writ Petition seeking Stay on Assessment Order, Directs to Pass Orders Within Two Months [Read Order]
The Kerala High Court has granted stay on further proceedings in a dispute over a tax assessment order, directing the respondent to take up the stay petition and appeal expeditiously. Advocates...
