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![Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Order-Erroneous-PCIT-ITAT-Revision-Income-Tax-Taxscan.jpg "Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]")
Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision order holding that the order could not be treated as erroneous if...
![Genuine Claim of Loss of Documents due to Flood: ITAT Allows TDS Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Genuine-Claim-Loss-of-Documents-Flood-ITAT-TDS-Credit-TDS-taxscan-.jpg "Genuine Claim of Loss of Documents due to Flood: ITAT Allows TDS Credit [Read Order]")
![Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/profit-Trading-Manufacturing-Diamonds-CBDT-Circular-ITAT-taxscan.jpg "Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]")
![No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-TDS-deduction-payment-of-sale-ITAT-taxscan.jpg "No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]")
![Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Capital-Gain-Exemption-taxscan.jpeg "Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]")
Capital Gain on account of Compulsory Acquisition of Land is not Taxable, exemption u/s 10(37) can claim: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat bench has held that the addition of capital gain on account of compulsory acquisition of land is not taxable and can claim exemption u/s10 (37) of...
![Capital Gain on account of Compulsory Acquisition of Land is not Taxable, exemption u/s 10(37) can claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-gain-Acquisition-land-ITAT-taxscan.jpg "Capital Gain on account of Compulsory Acquisition of Land is not Taxable, exemption u/s 10(37) can claim: ITAT [Read Order]")
Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench has held that modification carried out on-premises in small scale repair does not constitute capital expenditure and deleted the addition of...
![Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/premises-small-scale-repair-capital-expenditure-ITAT-taxscan.jpg "Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]")
AO not justified in disallowing 100% of purchases in absence of Proper Investigation of Purchases: ITAT restricts Addition to 6% [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench while restricting the addition to 6% held that AO not be justified in disallowing 100% of purchases in absence of proper investigation of...
![AO not justified in disallowing 100% of purchases in absence of Proper Investigation of Purchases: ITAT restricts Addition to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/AO-Purchases-Proper-investigation-Investigation-ITAT-Taxscan.jpg "AO not justified in disallowing 100% of purchases in absence of Proper Investigation of Purchases: ITAT restricts Addition to 6% [Read Order]")
![ITAT allows Depreciation on Goodwill resulting from Acquisition of Business Unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Acquisition-Business-Unit-Goddwill-ITAT-Taxscan.jpg "ITAT allows Depreciation on Goodwill resulting from Acquisition of Business Unit [Read Order]")