Income Tax launches Probe into Marico Empire Amid Nationwide Tax Compliance Scrutiny
In a dramatic turn of events that has sent shockwaves through India's corporate corridors, the Income Tax Department launched its most extensive...
![Partner Remuneration To Be Calculated On Book Profit After Adding Back Survey Income And Disallowances: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/250x150_2087805-partner-remuneration-book-profit-survey-income-disallowances-itat-taxscan.webp "Partner Remuneration To Be Calculated On Book Profit After Adding Back Survey Income And Disallowances: ITAT [Read Order]")
![Rectification to Correct Income Mistakenly Offered Twice Cannot Be Denied: ITAT Restricts Addition to Prevent Double Taxation [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/250x150_2083067-double-taxation-taxscan.webp "Rectification to Correct Income Mistakenly Offered Twice Cannot Be Denied: ITAT Restricts Addition to Prevent Double Taxation [Read Order]")
![Survey Reveals Undisclosed Income: ITAT Demands Verification of Tax Applicability u/s 115BBE [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Survey-Reveals-Undisclosed-Income-ITAT-ITAT-Demands-ITAT-Demands-Verification-of-Tax-Applicability-reassessment-of-income-tax-returns-income-tax-income-tax-news-Undisclosed-Income-Taxscan.jpg "Survey Reveals Undisclosed Income: ITAT Demands Verification of Tax Applicability u/s 115BBE [Read Order]")
![Undisclosed income to be computed on basis of principle of Real Income: ITAT dismisses appeal filed by Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-income-tax-Undisclosed-income-principle-of-real-income-Taxscan.jpg "Undisclosed income to be computed on basis of principle of Real Income: ITAT dismisses appeal filed by Revenue [Read Order]")
Failure to produce Evidence in support of Claim of Credit Liabilities towards Labour Groups: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench held that the assessee failed to produce evidence in support of the claim of credit liabilities towards labor groups. Therefore, the...
![Failure to produce Evidence in support of Claim of Credit Liabilities towards Labour Groups: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-produce-evidence-Credit-Liabilities-towards-Labour-Groups-ITAT-upholds-Disallowance-Income-Tax-Act-Income-Tax-taxscan.jpg "Failure to produce Evidence in support of Claim of Credit Liabilities towards Labour Groups: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]")
Income Tax Addition on Amount already Surrendered by Partnership Firm in Settlement Application accepted by Settlement Commission: ITAT Dismisses Appeal [Read Order]
The Ahmedabad Bench of Income tax Appellate Tribunal (ITAT) held that all income relating to entries noted in the diary stood disclosed by the partnership to and accepted by the settlement...
![Income Tax Addition on Amount already Surrendered by Partnership Firm in Settlement Application accepted by Settlement Commission: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Addition-Amount-Surrendered-Partnership-Firm-Settlement-Application-accepted-Settlement-Commission-ITAT-Dismisses-Appeal-TAXSCAN.jpg "Income Tax Addition on Amount already Surrendered by Partnership Firm in Settlement Application accepted by Settlement Commission: ITAT Dismisses Appeal [Read Order]")
Power of Revision u/s 263 of Income Tax Act can't be exercised when there is Proper Enquiry made by AO: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the power of revision under Section 263 of the Income Tax Act, 1961 cannot be exercised when there is proper enquiry made by the...
![Power of Revision u/s 263 of Income Tax Act cant be exercised when there is Proper Enquiry made by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Power-of-Revision-Income-Tax-Act-exercised-there-is-Proper-Enquiry-by-AO-ITAT-TAXSCAN.jpg "Power of Revision u/s 263 of Income Tax Act cant be exercised when there is Proper Enquiry made by AO: ITAT [Read Order]")
Rejection of Books of Account by AO on Grounds of Defect and Discrepancies: ITAT Upholds the Decision of CIT(A) [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that there was defect and discrepencies in the books of account and thus upheld the decision of Commissioner of Income Tax (Appeals)...
![Rejection of Books of Account by AO on Grounds of Defect and Discrepancies: ITAT Upholds the Decision of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rejection-Books-of-Account-Rejection-of-Books-of-Account-Rejection-of-Books-of-Account-by-AO-AO-CITA-ITAT-taxscan.jpg "Rejection of Books of Account by AO on Grounds of Defect and Discrepancies: ITAT Upholds the Decision of CIT(A) [Read Order]")
Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that no reasons were recorded by the PCIT (Principal Commissioner of Income Tax) for holding assessment order by AO (Assessing...
![Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Nature-Nature-and-Source-Nature-and-Source-of-Unrecorded-Transactions-Unrecorded-Transactions-Nexus-ITAT-taxscan.jpg "Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]")
Cancellation of Registration of Charitable Trust u/s 12 AB(4) of Income Tax Act by PCIT not having Jurisdiction is Invalid: ITAT [Read Order]
The Mumbai Bench of I Income Tax Appellate Tribunal (ITAT) held that the Principal Commissioner of Income Tax (PCIT) does not have the jurisdiction to cancel the Charitable Trust under Section 12 AB...
![Cancellation of Registration of Charitable Trust u/s 12 AB(4) of Income Tax Act by PCIT not having Jurisdiction is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Cancellation-of-Registration-of-Charitable-Trust-Cancellation-of-Registration-Charitable-Trust-Income-Tax-Act-PCIT-Jurisdiction-is-Invalid-taxscan.jpg "Cancellation of Registration of Charitable Trust u/s 12 AB(4) of Income Tax Act by PCIT not having Jurisdiction is Invalid: ITAT [Read Order]")
Transfer Pricing not Applicable as Transaction Neither International nor Specified Domestic Transaction: ITAT deletes Addition against Jetair [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition against Jetair holding that the transfer pricing could not be applied as transaction neither international nor as a...
![Transfer Pricing not Applicable as Transaction Neither International nor Specified Domestic Transaction: ITAT deletes Addition against Jetair [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Transfer-Pricing-Transaction-Neither-International-ITAT-deletes-Addition-against-Jetair-Jetair-Addition-ITAT-Income-Tax-taxscan.jpg "Transfer Pricing not Applicable as Transaction Neither International nor Specified Domestic Transaction: ITAT deletes Addition against Jetair [Read Order]")