![ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Chennai-ITAT-Income-Tax-Cash-Credit-taxscan.jpg "ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]")
ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Appeals) [CIT(A)] for reassessment,...
![ITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-fresh-assessment-taxscan.jpg "ITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order]")
![AO adds ₹15 Lakh for Alleged Fake Loan given Based on Third-Party Information: ITAT deletes Addition Citing Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surath-Fake-Loan-ITAT-Deletes-Addition-Genuine-Transaction-ITAT-deletes-15-lakh-addition-taxscan.jpg "AO adds ₹15 Lakh for Alleged Fake Loan given Based on Third-Party Information: ITAT deletes Addition Citing Genuine Transaction [Read Order]")
![ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Chandigarh-Income-Tax-Ex-parte-order-by-ITAT-TAXSCAN.jpeg "ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]Â")
![Substantial Justice Prevails over Technicalities: ITAT Condones 133-Day Delay for Apollo Education Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Apollo-Education-Trust-Condones-delay-Income-Tax-Appellate-Tribunal-taxscan.jpg "Substantial Justice Prevails over Technicalities: ITAT Condones 133-Day Delay for Apollo Education Trust [Read Order]")
ITAT quashes Reassessment Order on Cash Deposits due to AO's Vague Reasoning and Non-Application of Mind [Read Order]
The Delhi Bench of Income Tax Appellate Authority ( ITAT ) quashed the reassessment order on cash deposits due to the assessing officer's vague reasoning and non-application of mind for reopening the...
![ITAT quashes Reassessment Order on Cash Deposits due to AOs Vague Reasoning and Non-Application of Mind [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Income-Tax-Appellate-Authority-ITAT-Quashes-Reassessment-Order-Non-Application-of-Mind-assessing-officers-vague-reasoning-Cash-Deposits-Reassessment-Order-on-Cash-Deposits-TAXSCAN.jpg "ITAT quashes Reassessment Order on Cash Deposits due to AOs Vague Reasoning and Non-Application of Mind [Read Order]")
PCIT’s Different Views on Unrelated Issues do not Justify Invoking S.263 in Limited Scrutiny: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Principal Commissioner of Income Tax ( PCIT ) cannot invoke Section 263 of the Income Tax Act, 1961, simply because it...
![PCIT’s Different Views on Unrelated Issues do not Justify Invoking S.263 in Limited Scrutiny: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/PCIT-Limited-Scrutiny-ITAT-taxscan.jpg "PCIT’s Different Views on Unrelated Issues do not Justify Invoking S.263 in Limited Scrutiny: ITAT [Read Order]")
No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]
The Bombay High Court of Judicature quashed the reassessment Notices issued by Income Tax Authorities demanding the reassessment under section 147 of the Income Tax Act, 1961. The court finds no...
![No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Reassessment-147-IT-Act-Bombay-HC-Reassessment-Notices-taxscan.jpg "No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]")
Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]
In a recent ruling, the Bombay High Court quashed the reassessment proceedings initiated against The Saraswat Co-operative Bank Ltd.,for the non-application of mind to both facts and law by the...
![Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Reassessment-Co-operative-Banks-Reassessment-Notice-TAXSCAN.jpg "Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]")
No Jurisdiction vested with Jurisdictional Officer u/s 151A of Income Tax Act: Himachal Pradesh HC stays Notice u/s 148 [Read Order]
The Himachal Pradesh High Court, stayed an Income Tax notice issued under Section 148 of the Income Tax Act, 1961, on the grounds of lack of jurisdiction by the Jurisdictional Officer. In this...
![No Jurisdiction vested with Jurisdictional Officer u/s 151A of Income Tax Act: Himachal Pradesh HC stays Notice u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Himachal-Pradesh-High-Court-Income-Tax-Act-Income-Tax-notice-under-Section-148-of-the-Income-Tax-Act-Jurisdictional-Officer-under-section-151A-of-income-tax-act-high-court-news-taxscan-1.jpg "No Jurisdiction vested with Jurisdictional Officer u/s 151A of Income Tax Act: Himachal Pradesh HC stays Notice u/s 148 [Read Order]")
![AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-under-ITAT-Income-Tax-Reassessment-TAXSCAN.jpeg "AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]")
Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT [Read Order]
Recently in a case, the Income Tax Appellate Tribunal (ITAT) of Mumbai held that hardship and rehabilitation allowances received from housing developers as compensation for the hardship endured due...
![Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Hardship-Allowances-Non-Taxable-Compensate-Dispossession-ITAT-News-taxscan.jpg "Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT [Read Order]")