![₹5.98 Lakh Addition due to Clerical Error in Depreciation: ITAT sets aside for Re-examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Raipur-Income-tax-addition-Addition-Due-to-Clerical-Error-TAXSCAN.jpg "₹5.98 Lakh Addition due to Clerical Error in Depreciation: ITAT sets aside for Re-examination [Read Order]")
₹5.98 Lakh Addition due to Clerical Error in Depreciation: ITAT sets aside for Re-examination [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) set aside the addition of ₹5.98 lakh made due to a clerical error in depreciation for...
![₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Ex-Andhra-CM-Y.S.-Jagan-Mohan-Reddy-ITAT-Addition-on-Ex-Andhra-CM-taxscan.jpg "₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]")
![ITAT Directs TPO to Reassess Intra-Group Service Payments and Arms Length Pricing due to Insufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-TPO-Arm-Length-Pricing-ITAT-on-Intra-Group-Services-ITAT-Bangalore-taxscan.jpg "ITAT Directs TPO to Reassess Intra-Group Service Payments and Arms Length Pricing due to Insufficient Evidence [Read Order]")
![Unexplained Cash Credits of Rs. 12.83 Crores Added u/s 68: ITAT Upholds CIT(A)s Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Unexplained-Cash-Credits-CITA-Commissioner-of-Income-TaxAppeals-taxscan.jpg "Unexplained Cash Credits of Rs. 12.83 Crores Added u/s 68: ITAT Upholds CIT(A)s Deletion [Read Order]")
![Capital Gains Tax Applies to Owner Proven by Registered Sale Deeds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-Capital-Gains-Capital-Gains-Tax-taxscan.jpg "Capital Gains Tax Applies to Owner Proven by Registered Sale Deeds: ITAT [Read Order]")
![Procedure u/s 50C must follow while Sale consideration differs from Stamp Value: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-Income-tax-Section-50C-of-Income-Tax-Act-Taxscan.jpg "Procedure u/s 50C must follow while Sale consideration differs from Stamp Value: ITAT [Read Order]")
PCIT Challenges ₹67.50 Crores as Unexplained Income: Delhi HC validates it as Land Sale Advance Citing Banking Transfers and Agreements [Read Order]
In a recent ruling, the Delhi High Court upheld the validity of a Rs. 67.50 crore transaction as a legitimate land sale advance citing evidence of banking transfers and an executed Agreement to Sell...
ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to Submit Evidence [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case for reassessment regarding Rs. 9.74 lakh in unexplained cash deposits made during the demonetization period,allowing the...
![ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to Submit Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Unexplained-Cash-Deposit-Income-Tax-Appellate-Tribunal-ITAT-Case-for-Reassessment-of-Cash-Deposit-Taxscan.jpg "ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to Submit Evidence [Read Order]")
Rule 12E of Income Tax Rules does not confine CBDT’s powers to only authorize NFAC Officers for purposes u/s 142(1): Delhi HC [Read Order]
The Delhi High Court recently dismissed a Petition citing that Rule 12E of the Income Tax Rules, 1962 does not mandate the Central Board of Direct Taxes ( CBDT ) to appoint only Officers from the...
![Rule 12E of Income Tax Rules does not confine CBDT’s powers to only authorize NFAC Officers for purposes u/s 142(1): Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Rule-12E-of-Income-Tax-Rules-Income-Tax-Income-Tax-Rule-CBDT-NFAC-Taxscan.jpg "Rule 12E of Income Tax Rules does not confine CBDT’s powers to only authorize NFAC Officers for purposes u/s 142(1): Delhi HC [Read Order]")
Partnership Firm Converted into LLP: ITAT quashes Revision Proceedings Due to Non-Existence of Entity [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the revision order passed under Section 263 of the Income Tax Act, 1961 because the entity in question did not exist during the...
![Partnership Firm Converted into LLP: ITAT quashes Revision Proceedings Due to Non-Existence of Entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surat-Revision-Proceedings-Partnership-Firm-Income-Tax-Section-263-of-Income-Tax-Act-Partnership-firm-converted-into-LLP-TAXSCAN.jpg "Partnership Firm Converted into LLP: ITAT quashes Revision Proceedings Due to Non-Existence of Entity [Read Order]")
![AO Fails assuming 8% of Unsecured Loans from Non-Members as Net Profit: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-AO-Net-Profit-Unsecured-Loans-Taxscan.jpg "AO Fails assuming 8% of Unsecured Loans from Non-Members as Net Profit: ITAT deletes addition [Read Order]")
ITAT directs AO to delete addition as lower authorities fail to rebut assessee's explanation on Term Deposit Maturity and Redemption [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ) in Delhi has directed the Assessing Officer to remove the addition, as the lower authorities failed to counter the assessee's...
![ITAT directs AO to delete addition as lower authorities fail to rebut assessees explanation on Term Deposit Maturity and Redemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Income-Tax-Deposit-Maturity-Redemption-Income-Tax-Appellate-Tribunal-bank-statements-taxscan.jpg "ITAT directs AO to delete addition as lower authorities fail to rebut assessees explanation on Term Deposit Maturity and Redemption [Read Order]")