![ITAT rejects 25% Addition for Unverifiable Purchases u/s 153A of Income Tax Act citing Incorrect GP Rate Estimation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Jaipur-Unverifiable-Purchases-Purchases-Taxscan.jpg "ITAT rejects 25% Addition for Unverifiable Purchases u/s 153A of Income Tax Act citing Incorrect GP Rate Estimation [Read Order]")
ITAT rejects 25% Addition for Unverifiable Purchases u/s 153A of Income Tax Act citing Incorrect GP Rate Estimation [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) rejected the 25% addition for unverifiable purchases under Section 153A of Income Tax Act,...
![Proper findings u/s 145(3) of Income Tax are essential for Rejection of Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Jaipur-Income-Tax-Appellate-Tribunal-Income-Tax-Books-of-Account-show-cause-notice-TAXSCAN.jpg "Proper findings u/s 145(3) of Income Tax are essential for Rejection of Books of Account: ITAT [Read Order]")
![Absence of Incriminating Material: ITAT rules out Addition on Completed Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Incriminating-Material-ITAT-Assessment-Completed-Assessment-Absence-of-Incriminating-Material-itat-on-Addition-on-Completed-Assessment-itat-news-ITAT-rules-out-Addition-on-Completed-Assessme-taxscan.jpg "Absence of Incriminating Material: ITAT rules out Addition on Completed Assessment [Read Order]")
![CIT(A) dismisses Income Tax Appeal for Being Time-Barred without considering Offline Filing: ITAT restores Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Appeal-Income-Tax-Commissioner-ITAT-TAXSCAN.jpg "CIT(A) dismisses Income Tax Appeal for Being Time-Barred without considering Offline Filing: ITAT restores Matter [Read Order]")
![Only Short Gap Between Three Income Tax First Appeal Notices: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-First-Appeal-Notices-Itat-ITAT-remands-itat-news-income-tax-news-ITAT-remand-First-Appeal-Notice-Income-Tax-First-Appeal-Notice-taxscan.jpg "Only Short Gap Between Three Income Tax First Appeal Notices: ITAT remands Matter [Read Order]")
![Income from Agricultural Land is not subject to Capital Gains Tax u/s 2(14) Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Jaipur-Income-Tax-Agricultural-land-capital-gains-tax-capital-gains-tax-tax-on-agricultural-income-taxscan.jpg "Income from Agricultural Land is not subject to Capital Gains Tax u/s 2(14) Income Tax Act : ITAT [Read Order]")
Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to quash the assessment order issued under Section 143(3) of the Income Tax Act, 1961 stating that the issuance of...
![Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Issuance-of-Notice-Dead-Person-ITAT-AO-Assessment-Order-Income-Tax-Act-taxscan.jpg "Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]")
Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]
The Jodhpur Bench of the Income Tax Appellate Tribunal(ITAT) has held that cash deposited by a 77-year-old age assessee looking to save for old age holding cannot be added under section 68 of the...
![Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Cash-Deposited-Assessee-Old-Age-holding-Income-Tax-Act-ITAT-taxscan.jpg "Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]")
ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]
The Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) granted the assessee's appeal, acknowledging that the delay in filing the TDS return was due to a technical issue rather than negligence....
![ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-waives-Late-Fee-Income-Tax-Act-Appeal-Technical-Error-taxscan.jpg "ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]")
Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) overturned the revision order issued by the Principal Commissioner of Income Tax ( PCIT ), which had disallowed Income Tax Deduction...
![Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Jaipur-Income-Tax-Disallowance-Income-Tax-Deduction-TAXSCAN.jpg "Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]")
Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]
Jodhpur Bench of Income Tax Appellate Tribunal ( ITAT ), ruled that in a cases where a declaration under Section 194C(6) and a PAN are received from payees who possess a vehicle even though they are...
![Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Legal-Transport-Vehicle-Sec-194C-TDS-deduction-ITAT-taxscan.jpg "Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]")