Saagarika Gopinath
Final year BBA LLB( Hons) law student at Government Law College
![‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cash-is-Sourced-Cash-is-Sourced-out-of-Recorded-Debtors-Recorded-Debtors-Section-69A-cannot-be-invoked-ITAT-ITAT-deletes-Addition-taxscan.jpg "‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]")
‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 21.5 crores as the bench reached the conclusion that when...
![Notice u/s 148 issued by AO beyond Stipulated period u/s 149(1)(a): ITAT dismisses Revenue Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Notice-Section-148-issued-by-AO-Stipulated-period-Section-1491a-Stipulated-period-ITAT-ITAT-dismisses-Revenue-Appeal-Revenue-Appeal-taxscan.jpg "Notice u/s 148 issued by AO beyond Stipulated period u/s 149(1)(a): ITAT dismisses Revenue Appeal [Read Order]")
![The Importance of Judicial Prudence in Provisional Bank Account Attachments under GST Law [Find Draft Reply Format Here]](https://www.taxscan.in/wp-content/uploads/2025/02/The-Importance-of-Judicial-Prudence-Judicial-Prudence-Judicial-Prudence-in-Provisional-Bank-Account-Provisional-Bank-Account-Bank-Account-Attachments-GST-Law-taxscan.jpg "The Importance of Judicial Prudence in Provisional Bank Account Attachments under GST Law [Find Draft Reply Format Here]")
![Â Shareholders Account to be Taxed under Life Insurance Business Provisions: ITAT in Kotak Mahindra Life Insurance case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-Kotak-Mahindra-Life-Insurance-case-taxscan.jpg "Â Shareholders Account to be Taxed under Life Insurance Business Provisions: ITAT in Kotak Mahindra Life Insurance case [Read Order]")
![ITAT Remands matter for Fresh Assessment Over Delay in Filing Audit Report u/s Form 10BB [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-chennai-Assessment-Over-Delay-Filing-Audit-Report-taxscan.jpg "ITAT Remands matter for Fresh Assessment Over Delay in Filing Audit Report u/s Form 10BB [Read Order]")
ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 1 crore made under Section 69A of the Income Tax Act, 1961, as the bench reached the conclusion that bad debt...
![ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/bad-debt.jpg "ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]")
Relief to Kotak Mahindra Life Insurance: ITAT Confirms Deletion of Negative Reserve Addition in Insurance Business [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) in the Kotak Mahindra Insurance case upheld the deletion of negative reserve addition in the insurance business. The revenue has...
![Relief to Kotak Mahindra Life Insurance: ITAT Confirms Deletion of Negative Reserve Addition in Insurance Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Kotak-Mahindra-Life-Insurance-ITAT-Insurance-Business-taxscan.jpg "Relief to Kotak Mahindra Life Insurance: ITAT Confirms Deletion of Negative Reserve Addition in Insurance Business [Read Order]")
ITAT Condones 2202-Day Delay in Appeal Filing, due to Bona Fide Belief in Rectification u/s 154 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) condoned a 2202-day delay in filing the appeal, as there was a bona fide belief on the part of the assessee that the disallowance made...
![ITAT Condones 2202-Day Delay in Appeal Filing, due to Bona Fide Belief in Rectification u/s 154 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/itat-itat-mumbai-Delay-in-Appeal-Filing-Filing-Appeal-taxscan.jpg "ITAT Condones 2202-Day Delay in Appeal Filing, due to Bona Fide Belief in Rectification u/s 154 [Read Order]")
![ITAT Deletes Rs. 29.82 Lakh Addition u/s 69A as Cash Deposits Duly Accounted in Books [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/SITE-IMG-19.jpg "ITAT Deletes Rs. 29.82 Lakh Addition u/s 69A as Cash Deposits Duly Accounted in Books [Read Order]")
Addition u/s 69A made by AO without Bringing any Concrete Evidence Incriminating the assessee not Sustainable: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) Mumbai deleted an addition of Rs. 2 crore made under Section 69A of the Income Tax Act, 1961, as the Assessing Officer (AO) made the...
![Addition u/s 69A made by AO without Bringing any Concrete Evidence Incriminating the assessee not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/concrete-evidence-evidence-evidence-incriminating-assessee-not-sustainablesee-ITAT-not-sustainable-Addition-Section-69A-taxscan.jpg "Addition u/s 69A made by AO without Bringing any Concrete Evidence Incriminating the assessee not Sustainable: ITAT [Read Order]")
![Disallowance of deduction made u/s 80P Beyond Scope of Section 143(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Disallowance-Disallowance-of-deduction-Income-Tax-taxscan.jpg "Disallowance of deduction made u/s 80P Beyond Scope of Section 143(1): ITAT [Read Order]")
![Assessee opts for Vivad-se-Vishwas Scheme 2024: ITAT dismisses appeal as Infructuous [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Assessee-opts-for-Vivad-se-Vishwas-Scheme-2024-Vivad-se-Vishwas-Scheme-2024-ITAT-ITAT-dismisses-appeal-appeal-as-infructuous-infructuous-taxscan.jpg "Assessee opts for Vivad-se-Vishwas Scheme 2024: ITAT dismisses appeal as Infructuous [Read Order]")