![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]")
Survey Reveals Undisclosed Income: ITAT Demands Verification of Tax Applicability u/s 115BBE [Read Order]
In a recent ruling, the Jaipur bench of the Income Tax Appellate Tribunal (ITAT) remanded the case back to the assessing officer (AO), asserting the...
![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]](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]](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 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]")
Income Tax Deduction u/s 80IA(4)(iii) Allowable on Obtaining Govt Approval to Industrial Park: Bombay HC [Read Order]
The Bombay High Court ruled that income tax deduction under Section 80IA(4)(iii) allowable on obtaining Government approval to Industrial Park. The Assessing Officer (AO), during the course of the...
![Income Tax Deduction u/s 80IA(4)(iii) Allowable on Obtaining Govt Approval to Industrial Park: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Tax-Deduction-80IA4iii-Allowable-on-Obtaining-Govt-Approval-to-Industrial-Park-Bombay-HC-TAXSCAN.jpg "Income Tax Deduction u/s 80IA(4)(iii) Allowable on Obtaining Govt Approval to Industrial Park: Bombay HC [Read Order]")
![Â No addition can be made on basis of Rejected Book of Account by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/book-of-account-Assessing-Officer-ITAT-addition-rejection-taxscan.jpg "Â No addition can be made on basis of Rejected Book of Account by Assessing Officer: ITAT [Read Order]")
Penalty can be Imposed when Income Surrendered During Survey Shown in Regular Income Tax Return filed Within Prescribed Time: ITAT
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty could be imposed when the income surrendered during the survey had shown in the regular income-tax return which...
