![ITAT remands Case Back to AO Due to Lack of Proper Inquiry [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-tax-news.jpg "ITAT remands Case Back to AO Due to Lack of Proper Inquiry [Read Order]")
ITAT remands Case Back to AO Due to Lack of Proper Inquiry [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Rajkot Bench sent a case back to the Assessing Officer (AO) for fresh adjudication, stating that the...
![ITAT Deletes Rs.35 Lakh Addition as Unexplained Cash Credit due to Lack of Legal Basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-credits.jpeg "ITAT Deletes Rs.35 Lakh Addition as Unexplained Cash Credit due to Lack of Legal Basis [Read Order]")
![If Share Application Money is received from identifiable investors, Onus shifts to Income Tax Dept to Disprove: ITAT Deletes Rs. 5 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Share-Application-Money-ITAT-identifiable-investors-taxscan.jpg "If Share Application Money is received from identifiable investors, Onus shifts to Income Tax Dept to Disprove: ITAT Deletes Rs. 5 Crore Addition [Read Order]")
![AO adds unsecured loans as unexplained credit citing lenders lack of creditworthiness: ITAT confirms genuineness by copies of ITR, bank statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-unsecured-loans-as-unexplained-credit-unsecured-loans-unexplained-credit-taxscan.jpg "AO adds unsecured loans as unexplained credit citing lenders lack of creditworthiness: ITAT confirms genuineness by copies of ITR, bank statements [Read Order]")
![ITAT Directs Reassessment of Ex-Parte Dismissal u/s 250 of Income Tax Act: Criticizes Negligence of Non-Compliance of Taxpayers [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Reassessment-of-Ex-Parte-Dismissal-Ex-Parte-Dismissal-Reassessment-taxscan.jpeg "ITAT Directs Reassessment of Ex-Parte Dismissal u/s 250 of Income Tax Act: Criticizes Negligence of Non-Compliance of Taxpayers [Read Order]")
No Addition can be made in the hands of Assessee based on Retracted Statements: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, comprising Judicial Member Dr. S. Seethalakshmi and Accountant Member Shri Rathod Kamlesh Jayantbhai, dismissed an appeal...
![No Addition can be made in the hands of Assessee based on Retracted Statements: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Retracted-Statements-ITAT-Income-Tax-Act-1961-Income-Tax-Department-corroborative-evidence-Supreme-Court-ruling-Assessing-Officer-Rajasthan-High-Court-Taxscan.jpg "No Addition can be made in the hands of Assessee based on Retracted Statements: ITAT [Read Order]")
![Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Kolkata-LTCG-addition-unsecured-loans-lack-of-documentation-ITAT-remands-AO-review-Section-68-of-Income-Tax-Act-Section-68-Income-Tax-Appellate-Tribuna-Income-Tax-taxscan.jpg "Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]")
Unexplained Cash Credits u/s 68: ITAT upholds Reduction Based on Peak Credit and Denies Telescoping of Income [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals) [ CIT(A) ]'s decision regarding unexplained cash credits under Section 68 of Income Tax...
![Unexplained Cash Credits u/s 68: ITAT upholds Reduction Based on Peak Credit and Denies Telescoping of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Unexplained-Cash-Unexplained-Cash-Credits-Denies-Telescoping-of-Income-taxscan.jpeg "Unexplained Cash Credits u/s 68: ITAT upholds Reduction Based on Peak Credit and Denies Telescoping of Income [Read Order]")
![Income Tax Annual Digest 2024: ITAT Cases [Part 9]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-Annual-Digest-ITAT-ITAT-Cases-ITAT-Benches-of-India-Income-Tax-Act-Rules-annual-round-up-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 9]")
![ITAT quashes Disallowance of Interest on Credit already confirmed to be Genuine [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-unsecured-loan-ITAT-on-unsecured-loan-interest-taxscan.jpg "ITAT quashes Disallowance of Interest on Credit already confirmed to be Genuine [Read Order]")
Validity of Cash Deposits as Agricultural Income u/s 68: ITAT Finds Addition Unjustifiable [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT )Â found validity of cash deposits as agricultural income under Section 68 of Income Tax Act,1961 unjustifiable, as the Assessing Officer...
![Validity of Cash Deposits as Agricultural Income u/s 68: ITAT Finds Addition Unjustifiable [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Section-68-of-Income-Tax-Act-Cash-Deposits-as-Agricultural-Income-taxscan.jpg "Validity of Cash Deposits as Agricultural Income u/s 68: ITAT Finds Addition Unjustifiable [Read Order]")
![S. 263 of Income Tax Act cannot be initiated based on “Borrowed Satisfaction ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Section-263-of-the-Income-Tax-Act-Borrowed-Satisfaction-Income-Tax-Section-263-taxscan.jpg "S. 263 of Income Tax Act cannot be initiated based on “Borrowed Satisfaction ITAT [Read Order]")