![PCIT Revision Order: ITAT Rules Assessment Order not erroneous, Rules Unexplained Money matter Properly Verified [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-money.jpg "PCIT Revision Order: ITAT Rules Assessment Order not erroneous, Rules Unexplained Money matter Properly Verified [Read Order]")
PCIT Revision Order: ITAT Rules Assessment Order not erroneous, Rules Unexplained Money matter Properly Verified [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) quashed the revisionary order passed by the Principal Commissioner of Income Tax...
![₹22.09 Lakh Cash Deposit Inquiry: ITAT Quashes PCIT’s Revision Order, Finds AO’s Verification Sufficient [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/cash-desposit.jpg "₹22.09 Lakh Cash Deposit Inquiry: ITAT Quashes PCIT’s Revision Order, Finds AO’s Verification Sufficient [Read Order]")
![AO Must Allow Interest Deduction for Cooperative Societies If Expenses Are Proven to Be Linked to Activities u/s 80P(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-surat.jpg "AO Must Allow Interest Deduction for Cooperative Societies If Expenses Are Proven to Be Linked to Activities u/s 80P(2): ITAT [Read Order]")
![ITAT Rules Federal Banks Appeal Not Maintainable Following High Courts Order to Reassess [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/federal-bank.jpg "ITAT Rules Federal Banks Appeal Not Maintainable Following High Courts Order to Reassess [Read Order]")
![No Addition to be Made u/s 14A r.w.r. 8D, Income Tax when No Exempt Income Earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Income-Tax-Income-tax-exemption-taxscan.jpg "No Addition to be Made u/s 14A r.w.r. 8D, Income Tax when No Exempt Income Earned by Assessee: ITAT [Read Order]")
![ITAT Jaipur quashes Section 263 Order Due to Violation of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Jaipur-Section-263-Order-Due-Natural-Justice-Taxscan.jpg "ITAT Jaipur quashes Section 263 Order Due to Violation of Natural Justice [Read Order]")
![Failure by AO to Verify Key Issues During Reassessment: ITAT Upholds PCIT’s order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-PCITs-order-Key-Issues-During-Reassessment-Reassessment-Income-Tax-Appellate-Tribunal-taxscan.jpg "Failure by AO to Verify Key Issues During Reassessment: ITAT Upholds PCIT’s order [Read Order]")
PCIT Cannot Substitute AO's View in 263 Proceedings Unless AO's Decision Wholly Unsustainable in Law: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that the Principal Commissioner of Income Tax (PCIT) cannot substitute the Assessing Officer’s (AO) view in proceedings under Section...
![PCIT Cannot Substitute AOs View in 263 Proceedings Unless AOs Decision Wholly Unsustainable in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/PCIT-PCIT-Cannot-Substitute-AOs-View-ITAT-Decision-Wholly-Unsustainable-in-Law-Ahmedabad-Bench-of-Income-Tax-Appellate-Tribunal-reassessment-The-two-member-bench-Taxscan.jpg "PCIT Cannot Substitute AOs View in 263 Proceedings Unless AOs Decision Wholly Unsustainable in Law: ITAT [Read Order]")
Depreciation Claim of 30.23 Cr on Intangible Assets Disallowed: ITAT upholds Revision of Assessment u/s 263 [Read Order]
In а recent ruling, thе Mumbai benсh оf thе Income Tах Appellate Tribunal ( ITAT ) hеld thаt thе authorities must adequately investigated а deрreciаtiоn clаim fоr intаngible аssets, аnd thе аssessee...
![Depreciation Claim of 30.23 Cr on Intangible Assets Disallowed: ITAT upholds Revision of Assessment u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/itat-assessment-depreciation-section-263-taxscan-.jpg "Depreciation Claim of 30.23 Cr on Intangible Assets Disallowed: ITAT upholds Revision of Assessment u/s 263 [Read Order]")
Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ),ruled that revision proceedings under Section 263 of the Income Tax Act,1961 are not maintainable after an assessment order is declared non...
![Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Assessment-Order-Revision-Proceedings-Taxscan.jpg "Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT [Read Order]")
ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled limiting the scope of revision proceedings under Section 263 of the Income Tax Act, directing the Assessing Officer ( AO ) to...
![ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Commission-Determining-Commission-Taxscan.jpg "ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond [Read Order]")
ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) criticized the Principal Commissioner of Income Tax ( PCIT ) for disallowing Rs. 4.18 crores as interest on unutilized government...
![ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Criticizes-PCIT-Interest-on-Unutilized-Govt-Grants-Interest-Unutilized-Govt-Grants-taxscan.jpg "ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]")