![Steel Scrap or Tax Trap? ITAT Slams PCIT’s Overreach in Ahmedabad Bizman’s Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Steel-Scrap-Tax-Trap-ITAT-ITAT-Slams-taxscan.jpg "Steel Scrap or Tax Trap? ITAT Slams PCIT’s Overreach in Ahmedabad Bizman’s Case [Read Order]")
Steel Scrap or Tax Trap? ITAT Slams PCIT’s Overreach in Ahmedabad Bizman’s Case [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, overturned a revision order by the Principal Commissioner of Income Tax (PCIT) against Vivaa...
![ITAT Partly Sets Aside Order u/s 263 for Improper Mandatory Direction to Add Accommodation Entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Ahmedabad-ITAT-Partly-Sets-Aside-Order-Improper-Mandatory-Direction-taxscan.jpg "ITAT Partly Sets Aside Order u/s 263 for Improper Mandatory Direction to Add Accommodation Entries [Read Order]")
![ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Rules-ITAT-Rules-in-Favor-of-NSE-NSE-taxscan.jpg "ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]")
![ITAT Quashes PCIT’s Order u/s 263 for Relying on Audit Objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Section-263-IT-Act-PCIT-revision-power-taxscan.jpg "ITAT Quashes PCIT’s Order u/s 263 for Relying on Audit Objection [Read Order]")
![PCIT revises AOs order citing trade receivable transfer during amalgamation: ITAT rules PCIT misconceived on facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Amalgamation.jpg "PCIT revises AOs order citing trade receivable transfer during amalgamation: ITAT rules PCIT misconceived on facts [Read Order]")
Incorrect Exemption on LIC Annuity from VRS: ITAT Upholds Revision u/s 263 of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal upheld the Principal Commissioner of Income Tax(PCIT)revision order under Section 263 of Income Tax Act,1961, confirming that the exemption claim...
![Incorrect Exemption on LIC Annuity from VRS: ITAT Upholds Revision u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/LIC.jpg "Incorrect Exemption on LIC Annuity from VRS: ITAT Upholds Revision u/s 263 of Income Tax Act [Read Order]")
Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench ruled in favor of the assessee, setting aside the revision order passed by the Principal Commissioner of Income Tax (PCIT)-1, Ahmedabad, under...
![Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Adani-Infrastructure.jpg "Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order]")
S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]
In arecent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed the revision order passed under section 263 of the Income Tax Act, 1961 against Oyo holding that share...
![S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Section-562viib-of-Income-Tax-Income-Tax-Cover-Holding-Subsidiary-Share-Transactions-ITAT-ITAT-Quashes-Revision-Order-against-Oyo-taxscan.jpg "S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]")
Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenue's Interest: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT)ruled that the failure to record an opinion on penalty levy under Section 270A of Income Tax Act,1961 in the assessment order not erroneous or...
![Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenues Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Failure-to-Record-Opinion-Penalty-Penalty-Levy-Not-Erroneous-or-Prejudicial-Prejudicial-to-Revenues-Interest-Revenues-Interest-ITAT-Site-image.jpg "Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenues Interest: ITAT [Read Order]")
AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax (PCIT)’s invocation of Section 263 of the Income Tax Act, 1961, after finding that the...
![AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Stamp-Duty-Valuation-Stamp-Duty-Valuation-Difference-and-Unexplained-Investment-Valuation-Difference-Unexplained-Investment-ITAT-Upholds-ITAT-taxscan.jpg "AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]")
ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has set aside the Principal Commissioner of Income Tax (PCIT) revision order under Section 263 of the Income Tax Act, 1961, in the case of...
![ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Set-PCIT-PCITs-Section-263-Bank-of-Maharashtra-Deduction-for-Bad-and-Doubtful-Debts-Doubtful-Debts-Debts-taxscan.jpg "ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]")
ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]
Ajay Kalishchandra Bohra (assessee) is a proprietary concern of M/s Ashutosh Industries. The assessee’s case was reopened on the basis of ITO information. The information related to survey action in...
![ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Quashes-PCITs-PCITs-Revision-Order-Revision-Order-Bogus-Purchases-AOs-Plausible-View-ITO-Report-VAT-Returns-taxscan.jpg "ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]")