Ipsita Das
CESTAT Weekly Round-Up
This weekly summary analyses the stories related to the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) that have been published at...
![No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deletion-No-Deletion-No-Deletion-of-Income-Tax-Addition-ITAT-taxscan.jpg "No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]")
![Initiation of Assessment Proceedings on Non-Consideration of Seized Documents by AO: ITAT Upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Initiation-of-Assessment-Proceedings-Assessment-Proceedings-Non-Consideration-of-Seized-Documents-AO-taxscan.jpg "Initiation of Assessment Proceedings on Non-Consideration of Seized Documents by AO: ITAT Upholds Revision Order [Read Order]")
![Salary Accrued for Work Performed in Foreign Jurisdiction is not Taxable but Salary Received for Work Performed in India would be Taxable: ITAT Allows Benefits under India-China DTAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Salary-Accrued-for-Work-Performed-Salary-Accrued-Foreign-Jurisdiction-Salary-Received-for-Work-Performed-in-India-ITAT-Allows-Benefits-under-India-China-DTAA-Salary-Received-India-China-DTAA-taxscan.jpg "Salary Accrued for Work Performed in Foreign Jurisdiction is not Taxable but Salary Received for Work Performed in India would be Taxable: ITAT Allows Benefits under India-China DTAA [Read Order]")
![Deletion of Income Tax Addition on Account of Unexplained Investment due to Absence of Documents and Evidences: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Addition-Income-Tax-Account-of-Unexplained-Investment-Unexplained-Investment-Documents-and-Evidences-Documents-Evidences-ITAT-CITA-Order-taxscan.jpg "Deletion of Income Tax Addition on Account of Unexplained Investment due to Absence of Documents and Evidences: ITAT upholds CIT(A) Order [Read Order]")
Agricultural Income not to be Treated as Unaccounted Income u/s 68 of Income Tax Act if No Incriminating Materials to Show Income Belongs to Assessee: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) stated that there is nothing on record which would show that any incriminating material was found during search operation which would...
![Agricultural Income not to be Treated as Unaccounted Income u/s 68 of Income Tax Act if No Incriminating Materials to Show Income Belongs to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Agricultural-Income-Treated-Unaccounted-Income-Income-Tax-Act-Incriminating-Materials-Show-Income-Assessee-ITAT-TAXSCAN.jpg "Agricultural Income not to be Treated as Unaccounted Income u/s 68 of Income Tax Act if No Incriminating Materials to Show Income Belongs to Assessee: ITAT [Read Order]")
Income Tax Addition u/s 68 of Income Tax Act without giving Opportunity to Assessee for Cross Examination of Third Person: ITAT orders Fresh Adjudication [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the inaction and omission on the part of Assessing Officer (AO) as well as Commissioner of Income Tax (Appeals) [CIT(A)] not...
![Income Tax Addition u/s 68 of Income Tax Act without giving Opportunity to Assessee for Cross Examination of Third Person: ITAT orders Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Income-Tax-Act-Opportunity-Assessee-Cross-Examination-Third-Person-ITAT-Fresh-Adjudication-TAXSCAN.jpg "Income Tax Addition u/s 68 of Income Tax Act without giving Opportunity to Assessee for Cross Examination of Third Person: ITAT orders Fresh Adjudication [Read Order]")
Undisputed Source of Cash Deposits in Bank Account during Demonetization: ITAT deletes Income Tax Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that there is no vacillation to hold that the source of the cash deposited in the bank account has been undisputedly proved, hence deleted...
![Undisputed Source of Cash Deposits in Bank Account during Demonetization: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Undisputed-Source-of-Cash-Deposits-Source-of-Cash-Deposits-Bank-Account-ITAT-deletes-Income-Tax-Addition-ITAT-taxscan.jpg "Undisputed Source of Cash Deposits in Bank Account during Demonetization: ITAT deletes Income Tax Addition [Read Order]")
Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) condoned a delay of 264 days in filing appeal and held that the assessee is eligible for set off of excess application of income of...
![Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allowance-of-Set-off-of-Earlier-Years-Excess-Application-from-Subsequent-Year-Surplus-Income-Income-Tax-Act-to-Charitable-Trust-ITAT-Condones-Delay-TAXSCAN.jpg "Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]")
All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that that there is no reason to disbelieve the value of closing work in progress disclosed by the assessee, thus set aside the order...
![All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Losses-ITAT-Deletes-Addition-on-Valuation-of-Closing-Stocks-Valuation-of-Closing-Stocks-Closing-Stocks-Valuation-ITAT-Deletes-Addition-taxscan.jpg "All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]")
Cancellation of Registration of Trust u/s 12 AB of Income Tax Act due to Failure of Assessee to Furnish Genuiness of Activities: ITAT orders Re-Adjudication [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) held that the cancellation of registration of Trust under Section 12 AB of Income Tax Act, 1961 due to failure of assessee to respond to the...
![Cancellation of Registration of Trust u/s 12 AB of Income Tax Act due to Failure of Assessee to Furnish Genuiness of Activities: ITAT orders Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Cancellation-of-Registration-of-Trust-Income-Tax-Act-Cancellation-Failure-of-Assessee-to-Furnish-Genuiness-of-Activities-ITAT-orders-Re-Adjudication-Re-Adjudication-taxscan.jpg "Cancellation of Registration of Trust u/s 12 AB of Income Tax Act due to Failure of Assessee to Furnish Genuiness of Activities: ITAT orders Re-Adjudication [Read Order]")
Additional Income under excess stocks treated as 'business income' does not attract the provisions u/s 69B of Income Tax Act: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT(A)] was not justified in confirming the order of Assessing Officer (AO) in excluding the...
![Additional Income under excess stocks treated as business income does not attract the provisions u/s 69B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Additional-Income-under-excess-stocks-treated-business-income-Income-Tax-Act-ITAT-TAXSCAN.jpg "Additional Income under excess stocks treated as business income does not attract the provisions u/s 69B of Income Tax Act: ITAT [Read Order]")