Aparna. M
![ITAT deletes Addition on account of Bad Debts claimed in Profit and Loss Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Addition-on-account-Bad-Debts-claimed-in-Profit-and-Loss-Account-TAXSCAN.jpg "ITAT deletes Addition on account of Bad Debts claimed in Profit and Loss Account [Read Order]")
ITAT deletes Addition on account of Bad Debts claimed in Profit and Loss Account [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently deleted the addition on account of bad debts claimed in Profit and loss...
![Penalty u/s 271AAB shall not be levied if search u/s 153A not conducted in Premises of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-shall-not-be-levied-not-conducted-in-Premises-of-Assessee-ITAT-TAXSCAN.jpg "Penalty u/s 271AAB shall not be levied if search u/s 153A not conducted in Premises of Assessee: ITAT [Read Order]")
![Departmental Authorities cannot Disallow Deduction u/s 35(2AB) of IT Act by ignoring Form 3CL issued by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Departmental-Authorities-Deduction-IT-act-Form-3CL-issued-by-Competent-Authority-ITAT-taxscan.jpg "Departmental Authorities cannot Disallow Deduction u/s 35(2AB) of IT Act by ignoring Form 3CL issued by Competent Authority: ITAT [Read Order]")
![Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-from-Sale-of-Agricultural-land-is-not-Capital-Asset-ITAT-TAXSCAN.jpg "Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]")
Physical Cash found during Survey is Residual Amount of Cash Withdrawn from Firm against Imprest Account for Expenses: ITAT deletes Addition [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) has recently held that physical cash found during survey is residual amount of cash withdrawn from firm against imprest account for expences. ...
![Physical Cash found during Survey is Residual Amount of Cash Withdrawn from Firm against Imprest Account for Expenses: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Physical-Cash-Survey-Cash-Withdrawn-from-Firm-Cash-Withdrawn-Imprest-Account-ITAT-deletes-Addition-ITAT-Physical-Cash-found-during-Survey-Taxscan-1.jpg "Physical Cash found during Survey is Residual Amount of Cash Withdrawn from Firm against Imprest Account for Expenses: ITAT deletes Addition [Read Order]")
Number of Cash Receipt received as per Cash Book are not Reflecting in Day Book: ITAT Upholds Addition [Read Order]
The Hyderabad Indore bench of Income Tax Appellate Tribunal (ITAT) has recently upheld the addition made by the Assessing Officer (AO) held that the number of cash receipts received as per cash book...
![Number of Cash Receipt received as per Cash Book are not Reflecting in Day Book: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Number-of-Cash-Receipt-received-as-per-Cash-Book-are-not-reflecting-in-Day-Book-ITAT-upholds-addition-TAXSCAN.jpg "Number of Cash Receipt received as per Cash Book are not Reflecting in Day Book: ITAT Upholds Addition [Read Order]")
Provision of Section 269SS/269T of IT Act not applicable if AO found no Explanation Regarding Source of Cash Loans during Search Proceedings: ITAT deletes Penalty [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) has recently held that provision of section 269SS/269T Income Tax Act 1961 should not be applicable if Assessing Officer (AO) not found...
![Provision of Section 269SS/269T of IT Act not applicable if AO found no Explanation Regarding Source of Cash Loans during Search Proceedings: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-not-applicable-IT-Act-Cash-Loans-Loan-source-of-Cash-Loans-during-search-proceedings-ITAT-deletes-penalty-ITAT-penalty-taxscan.jpg "Provision of Section 269SS/269T of IT Act not applicable if AO found no Explanation Regarding Source of Cash Loans during Search Proceedings: ITAT deletes Penalty [Read Order]")
No Notice u/s 143(2) issued and Served within prescribed Time Limit: ITAT quashes Assessment Order passed u/s 143(3) of Income Tax Act [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) has recently while quashing the assessment order passed under Section 143(3) of Income Tax Act 1961 observed that there is no notice...
![No Notice u/s 143(2) issued and Served within prescribed Time Limit: ITAT quashes Assessment Order passed u/s 143(3) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Notice-issued-and-served-within-prescribed-time-limit-ITAT-TAXSCAN.jpg "No Notice u/s 143(2) issued and Served within prescribed Time Limit: ITAT quashes Assessment Order passed u/s 143(3) of Income Tax Act [Read Order]")
![Interest-Free Funds advanced to Sister Concern for Purchase of Land are Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Free-Funds-advanced-to-Sister-Concern-for-Purchase-of-Land-are-Revenue-in-Nature-ITAT-TAXSCAN.jpg "Interest-Free Funds advanced to Sister Concern for Purchase of Land are Revenue in Nature: ITAT [Read Order]")
Section 69A of IT Act not applicable if Assessee has plausible Explanation regarding Source of Jewellery Found during Search : ITAT deletes Addition [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently while deleting the addition made by the Assessing Officer (AO) held that provision of Section 69A of the Income Tax Act...
![Section 69A of IT Act not applicable if Assessee has plausible Explanation regarding Source of Jewellery Found during Search : ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessee-plausible-Explanation-regarding-Source-of-Jewelry-Found-during-Search-ITAT-deletes-Addition-TAXSCAN.jpg "Section 69A of IT Act not applicable if Assessee has plausible Explanation regarding Source of Jewellery Found during Search : ITAT deletes Addition [Read Order]")
Application for Registration u/s 80G(5)(vi) of IT Act not allowable, if Trust constructs Building deriving Funds from Trust on Land Owned by Trustees: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that application for registration under Section 80G(5)(vi) of Income Tax Act, 1961 should not be allowable, if trust...
![Application for Registration u/s 80G(5)(vi) of IT Act not allowable, if Trust constructs Building deriving Funds from Trust on Land Owned by Trustees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Application-for-Registration-IT-ActTrust-constructs-Building-deriving-Funds-from-Trust-on-Land-Owned-by-Trustees-ITAT-TAXSCAN.jpg "Application for Registration u/s 80G(5)(vi) of IT Act not allowable, if Trust constructs Building deriving Funds from Trust on Land Owned by Trustees: ITAT [Read Order]")