![Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/12/Adani-Power-limited-Income-Tax-Income-tax-re-assessment-Delay-in-filing-SLP-Taxscan.jpg "Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]")
Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]
In its latest ruling, the Supreme Court granted relief to Adani Power Rajasthan Ltd. from Income Tax Reassessment due to a delay in filing the...
![Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Madras-HC-Madras-HC-orders-Assessment-Over-Insufficient-details-employees-Cash-Transactions-Fresh-Assessment-Over-Insufficient-details-Madras-High-Court-insufficient-details-Taxscaan-3.jpg "Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]")
![Failure to Adjudicate Issue u/s 148 of Income Tax Act: ITAT Remands Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-Section-148-of-Income-Tax-Act-taxscan.jpg "Failure to Adjudicate Issue u/s 148 of Income Tax Act: ITAT Remands Case to CIT(A) [Read Order]")
ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 4.82 crore made as unexplained cash credit in the case of the assessee, citing payments linked to genuine sales...
![ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Sales-Transactions-Cash-credit-addition-deletion-taxscan.jpg "ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]")
ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order against the assessee, citing a time-barred reopening of assessment and an incorrect assumption of property...
![ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Incorrect-Ownership-Assumption-Case-Taxscan.jpg "ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]")
ITAT upholds CIT(A) Decision, Dismisses Revenue's Appeal Over Alleged Bogus Transactions [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (CIT) Appeals' decision to delete the addition under Income tax act made by the Assessing Officer...
![ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-itat-Ahmedabad-income-tax-appeal-taxscan.jpg "ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]")
![ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Income-Tax-Addition-TAXSCAN.jpg "ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]")
Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) was recently faced with a matter wherein an Assessee’s Cash Deposits in their Savings Bank Account were treated as ‘Unexplained...
![Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Hyderabad-Cash-Deposit-Income-Tax-Assessment-Income-Tax-Income-Tax-Appellate-Tribunal-Taxscan.jpg "Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]")
ITAT upholds Non-taxability of Google Ireland's Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]
In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the non-taxability of Google Ireland's Ad revenue in India and held that the payments are not classified...
![ITAT upholds Non-taxability of Google Irelands Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Google-Ireland-ad-revenue-Fees-for-technical-service-India-Google-ad-revenue-tax-India-taxscan.jpg "ITAT upholds Non-taxability of Google Irelands Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]")
AO made S.68 addition based on the Third Party Statement, Discrediting Evidence: ITAT deletes addition [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellatte Tribunal ( ITAT ) allowed the appeal filed by the assessee and deleted the addition made by AO under Section 68 of the Income Tax Act...
![AO made S.68 addition based on the Third Party Statement, Discrediting Evidence: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/AO-Third-Party-Statement-Discrediting-Evidence-ITAT-TAXSCAN.jpg "AO made S.68 addition based on the Third Party Statement, Discrediting Evidence: ITAT deletes addition [Read Order]")