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Taxpayer Mistakenly Labeled ₹21,28,710 as Commission Expenses Instead of Construction Expenses: ITAT deletes Addition [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an addition of Rs. 21,28,710 made by the Assessing Officer due to the taxpayer’s mistakenly misclassification of construction...

Taxpayer Mistakenly Labeled ₹21,28,710 as Commission Expenses Instead of Construction Expenses: ITAT deletes Addition [Read Order]
Kavi Priya

ITAT deletes Rs.1 Cr Addition on Sale of Vegetables/Fruits made u/s 68 instead of S. 69 of Income Tax Act [Read Order]

In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) gave relief to Sujit Biswas, a vegetable trader and commission agent. The appeal was against the order of the...

ITAT deletes Rs.1 Cr Addition on Sale of Vegetables/Fruits made u/s 68 instead of S. 69 of Income Tax Act [Read Order]
Eeva Mary Sanil

Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reopening of the case under section 148 of Income Tax Act,1961 ruling that the reassessment initiated for verification purposes...

Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]
Sneha Sukumaran Mullakkal

ITAT Intervenes, Directs CIT(A) to Grant Personal Hearing to Assessee via Video Conferencing [Read Order]

Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals), CIT(A) for fresh adjudication due to the denial of a personal hearing to the...

ITAT Intervenes, Directs CIT(A) to Grant Personal Hearing to Assessee via Video Conferencing [Read Order]
Adwaid M S

Mere Cash Deposit Cannot Be Considered as Income: ITAT Deletes Income Tax Addition u/s 69 [Read Order]

In a recent case, the Surat bench of the Income Tax Appellate Tribunal (ITAT) held that mere cash deposits could not be considered income and deleted the tax addition under section 69 of the Income...

Mere Cash Deposit Cannot Be Considered as Income: ITAT Deletes Income Tax Addition u/s 69 [Read Order]
Yogitha S. Yogesh

Cash Gift from Father and Father-in-Law Not Taxable Under Income Tax Act: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that cash gifts from a father and father-in-law are not taxable under the Income Tax Act,1961. Krishna Nand Rai,appellant-assessee,...

Cash Gift from Father and Father-in-Law Not Taxable Under Income Tax Act: ITAT [Read Order]
Sneha Sukumaran Mullakkal

Reassessment of Alleged Bogus LTCG/STCG Based on AO's Assumptions u/s 143(3) of Income Tax: ITAT remands case to CIT(A)

In a recent case, the Ranchi bench of the Income Tax Appellate Tribunal ( ITAT ) held that mere allegations of fake transactions cannot be the basis of further judicial proceedings. If any allegation...

Reassessment of Alleged Bogus LTCG/STCG Based on AOs Assumptions u/s 143(3) of Income Tax: ITAT remands case to CIT(A)
Eeva Mary Sanil

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