![ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Income-Tax-Act-Insufficient-Evidence-of-Bogus-Transaction-Insufficient-Evidence-Bogus-Transaction-Evidence-taxscan.jpg "ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]")
ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deletes Addition under Section 68 of Income Tax Act, 1961 due to Insufficient Evidence...
![Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Carbon-Credit-Receipt-is-Capital-Receipt-Carbon-Credit-Receipt-Capital-Receipt-ITAT-deletes-Income-Tax-Addition-ITAT-Income-Tax-Addition-Taxscan.jpg "Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order]")
![Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-AO-ITAT-Income-Tax-Assessment-Order-Assessment-Order-Income-Tax-taxscan.jpg "Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order [Read Order]")
![Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Re-assessment-Order-Issuance-Issuance-of-Notice-Notice-Income-Tax-Act-Income-Tax-Act-is-Invalid-ITAT-taxscan.jpg "Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]")
![CIT(A) failed to Admit Additional Evidence as Stipulated under Rule 46A: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CITA-Additional-Evidence-Admit-Additional-Evidence-ITAT-Fresh-Adjudication-taxscan.jpg "CIT(A) failed to Admit Additional Evidence as Stipulated under Rule 46A: ITAT directs Fresh Adjudication [Read Order]")
When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it held that when assessment order itself turns to be null and void, the same cannot be a subject...
![When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Order-ITAT-taxscan.jpeg "When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]")
Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that the failure of the CIT(A) to provide document verification opportunity to the AO,...
![Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Document-Verification-Opportunity-Verification-IT-Rules-ITAT-Taxscan.jpg "Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]")
Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) while granting Rupees 10 lakh relief to assessee held that merely filing of the affidavit is not sufficient to prove...
![Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Mere-filing-of-Affidavit-sufficient-Capacity-and-Source-Capacity-Assessee-Money-to-Assessee-Money-ITAT-Relief-Income-Tax-taxscan.jpg "Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]")
Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), noted that there is no violation of Rule 46A of Income Tax Rules and observed that rules framed by the Board are statutory in nature. ...
![Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Rule-Nature-ITAT-violation-Rule-Income-Tax-Rules-TAXSCAN.jpg "Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]")
Reopening of Assessment after 4 years based on change of opinion without stating any reason is not valid : Bombay HC set aside Re-assessment Order [Read Order]
In a matter of reopening of assessment after 4 years based on a change of opinion without stating any reason, the Bombay High Court (HC) set aside the re-assessment order being void. The...
Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section 32 of the Income Tax Act, 1961 cannot be claimed in respect of Assets shared with a sister...
![Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Depreciation-Assets-shared-Sister-Concern-License-Agreement-ITAT-taxscan.jpg "Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]")
"High-Pitched" assessment by AO in 'non-adversarial' tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]
Gauhati Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the decision made by the Assessing Officer (AO) to sustain the disallowance of expenses made by the AO under various heads of expenses...
![High-Pitched assessment by AO in non-adversarial tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/assessment-tax-regime-tax-ITAT-lack-of-evidence-evidence-taxscan.jpg "High-Pitched assessment by AO in non-adversarial tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]")