ITAT Weekly Round-Up
ITAT invalidates PCIT’s S.263 Revision Order Issued in Deceased Taxpayer’s Name Due to Procedural Lapses [Read Order] Gitesh Chandulal Patel vs...
![ITAT invalidates PCITs S.263 Revision Order Issued in Deceased Taxpayers Name Due to Procedural Lapses [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Invalidates-PCITs-Principal-Commissioner-of-Income-Tax-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT invalidates PCITs S.263 Revision Order Issued in Deceased Taxpayers Name Due to Procedural Lapses [Read Order]")
![Lack of Opportunity to Counter Allegations : Delhi HC upholds ITATs Decision to set aside Order Pertaining to India-Singapore DTAA Issue [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Counter-Allegations-ITATs-Decision-Delhi-HC-upholds-Lack-of-Opportunity-DTAA-Issue-Income-Tax-ITAT-Delhi-taxscan.jpg "Lack of Opportunity to Counter Allegations : Delhi HC upholds ITATs Decision to set aside Order Pertaining to India-Singapore DTAA Issue [Read Order]")
![ITAT Cancels 30% Ad-Hoc Disallowance of Expenses due to Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-ITAT-Cancels-30-Ad-Hoc-Disallowance-Taxscan.jpg "ITAT Cancels 30% Ad-Hoc Disallowance of Expenses due to Lack of Justification [Read Order]")
![Purchases Treated as Bogus in Another Year Cannot Solely Justify Similar Treatment for Year Under Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Purchases-Treated-as-Bogus-Solely-Justify-Similar-Treatment-purchases-treated-as-bogus-in-one-financial-year-taxscan.jpg "Purchases Treated as Bogus in Another Year Cannot Solely Justify Similar Treatment for Year Under Consideration: ITAT [Read Order]")
Sale Deed Does not Verify Classification of Land as Agricultural for Taxation Purposes: Delhi HC [Read Order]
The Delhi High Court in a significant case has held that sale deed is not a document issued by the revenue authorities or any government authority which would certify the agricultural nature of...
ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the Commissioner of Income Tax (Exemption)[CIT(E)]'s order, upholding the nil income assessment for Mother Theresa...
![ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Quashes-Income-Tax-Appellate-Tribunal-Mother-Theresa-Educational-Society-Nil-Income-CITE-Order-taxscan.jpg "ITAT quashes CIT(E) Order, upholds Nil Income for Mother Theresa Educational Society due to Proper Fund Application and Disallowed Depreciation [Read Order]")
Filing Fee for Increased Share Capital Classified as Revenue Expenditure: ITAT Upholds AO's Decision [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Assessing Officer's (AO) decision to classify the filing fee for an increase in authorized share capital as revenue...
![Filing Fee for Increased Share Capital Classified as Revenue Expenditure: ITAT Upholds AOs Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Legal-Professional-charges-incurred-towards-business-to-be-treated-Revenue-Expenditure-ITAT-RAXSCAN.jpg "Filing Fee for Increased Share Capital Classified as Revenue Expenditure: ITAT Upholds AOs Decision [Read Order]")
'Finds Addition Too Harsh': ITAT directs Re-examination of PCIT's Rs. 3.4 cr Addition due to Sales Discrepancy [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal ( ITAT ) found Rs. 3.4 crore addition related to a sale discrepancy excessive and remanded the case to the Principal Commissioner of Income Tax...
![Finds Addition Too Harsh: ITAT directs Re-examination of PCITs Rs. 3.4 cr Addition due to Sales Discrepancy [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-ITAT-directs-Re-examination-PCIT-Income-Tax-Appellate-Tribunal-Principal-Commissioner-of-Income-Tax-Sales-Discrepancy-Finds-Addition-Too-Harsh-ITAT-news-taxscan.jpeg "Finds Addition Too Harsh: ITAT directs Re-examination of PCITs Rs. 3.4 cr Addition due to Sales Discrepancy [Read Order]")
Inadequate Inquiry into Rs. 9.30 Crore Property Investment: ITAT Upholds PCIT's Revision Order [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Ahmedabad in a recent case, upheld a revision order passed by the Principal Commissioner of Income Tax ( PCIT ) under Section 263 of Income Tax Act 1961,...
![Inadequate Inquiry into Rs. 9.30 Crore Property Investment: ITAT Upholds PCITs Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-ITAT-Upholds-PCIT-ITAT-Upholds-Revision-Order-Investment-Taxscan.jpg "Inadequate Inquiry into Rs. 9.30 Crore Property Investment: ITAT Upholds PCITs Revision Order [Read Order]")
PCIT Adds Rs.1.67 Crore Doubtful Debts to Book Profit u/s 115JB: ITAT Reverses Recognizing Actual Write-Off [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) reverses Principal Commissioner of Income Tax addition of Rs. 1,67,51,026 from doubtful debts to book profit under section 115JB of the...
![PCIT Adds Rs.1.67 Crore Doubtful Debts to Book Profit u/s 115JB: ITAT Reverses Recognizing Actual Write-Off [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-bangalore-PCIT-Adds-Rs.1.67-Crore-Income-Tax-Appellate-Tribunal-section-115JB-Income-Tax-Act-taxscan.jpg "PCIT Adds Rs.1.67 Crore Doubtful Debts to Book Profit u/s 115JB: ITAT Reverses Recognizing Actual Write-Off [Read Order]")
AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax's (PCIT) order, agreeing that the Assessing Officer (AO) failed to conduct proper...
![AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-Agricultural-Income-Agriculture-Land-Purchase-ITAT-Land-Purchase-Sources-Bank-Bank-Deposits-tax-news-AOs-Failure-itat-news-agriculture-news-land-purchase-news-ao-news-taxscan.jpg "AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]")