![ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077540-itat-unexplained-delay-unexplained-delay-in-filing-appeal-taxscan.webp "ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]")
ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has imposed a cost of ₹2,000 on M/s. Udai Lal Mahabir Prasad for failing to explain the...
![Technical Dismissal Without Going into Merits Unsustainable: ITAT Restores back Case to Decide ₹52 Lakh Capital Loss Adjustment with Proper Reasoning [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/250x150_2057048-technical-dismissal-going-into-merits-unsustainable-merits-unsustainable-taxscan.webp "Technical Dismissal Without Going into Merits Unsustainable: ITAT Restores back Case to Decide ₹52 Lakh Capital Loss Adjustment with Proper Reasoning [Read Order]")
![Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]](https://images.taxscan.in/h-upload/2025/06/26/250x150_2054566-income-tax-income-tax-return-time-extension-for-income-tax-return-taxscan.webp "Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]")
![CPC cannot Deny S. 80P Deduction to Cooperatives for AY 2018–19: ITAT clarifies Prima Facie Adjustment Begins from AY 2021–22 [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/250x150_2042915-interest-urban-cooperative-banks-society-income-itat-80p-deduction-taxscan.webp "CPC cannot Deny S. 80P Deduction to Cooperatives for AY 2018–19: ITAT clarifies Prima Facie Adjustment Begins from AY 2021–22 [Read Order]")
![CBDT Extends Processing Deadline for ITRs of AY 2023-24: Know Exemptions [Read Circular]](https://images.taxscan.in/h-upload/2025/06/10/250x150_2041928-cbdt-itr-itrprocessing-deadline-extended-taxscan.webp "CBDT Extends Processing Deadline for ITRs of AY 2023-24: Know Exemptions [Read Circular]")
CIT(A) Mistakenly Treated Private Company as Cooperative Society u/s 80P: ITAT remands Case [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed a fresh examination, observing that Section 80P of...
![CIT(A) Mistakenly Treated Private Company as Cooperative Society u/s 80P: ITAT remands Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Cooperative-Society-ITAT-remands-Case-ITAT-taxscan.jpg "CIT(A) Mistakenly Treated Private Company as Cooperative Society u/s 80P: ITAT remands Case [Read Order]")
![Jharkhand HC Quashes ITAT Ruling Which Deletes Addition u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Jharkhand-High-Court.jpg "Jharkhand HC Quashes ITAT Ruling Which Deletes Addition u/s 40(a)(ia) of Income Tax Act [Read Order]")
![ITAT Weekly Round-Up [April 27th- May 2nd]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Weekly-Round-Up-Weekly-Round-Up-ITAT-ITAT-Weekly-Round-Up-for-April-and-May-taxscan.jpg "ITAT Weekly Round-Up [April 27th- May 2nd]")
No Income Tax Addition can be made Solely Based on Hypothecated Stock Disclosure to Bank: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) ruled that income additions cannot be made solely based on the difference between stock disclosed to a bank and that recorded in audited...
![No Income Tax Addition can be made Solely Based on Hypothecated Stock Disclosure to Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/BANK-ITAT-TAXSCAN.jpg "No Income Tax Addition can be made Solely Based on Hypothecated Stock Disclosure to Bank: ITAT [Read Order]")
ITAT Ahmedabad Orders Rectification After Wrong Consideration of Depreciation as Net Profit [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad has directed rectification after finding that depreciation was wrongly considered as net profit in the intimation issued under Section 143(1) of the...
![ITAT Ahmedabad Orders Rectification After Wrong Consideration of Depreciation as Net Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Ahmedabad-Orders-Rectification-taxscan.jpg "ITAT Ahmedabad Orders Rectification After Wrong Consideration of Depreciation as Net Profit [Read Order]")
Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]
The Bombay High Court recently used the peak of purchases method to ascertain and uphold an income tax addition of ₹6.15 crore on a trader with regard to alleged bogus purchases done during the...
![Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Bogus-Purchases-Bombay-HC-Income-Tax-Addition-Peak-of-Purchases-taxscan.jpg "Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]")
![ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Premium-Tax-Assessee-Fails-taxscan.jpg "ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]")