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![AO cannot question Creditors Creditworthiness When Books Clearly Reflect Source, Identity, and Repayment of Funds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "AO cannot question Creditors Creditworthiness When Books Clearly Reflect Source, Identity, and Repayment of Funds: ITAT [Read Order]")
AO cannot question Creditor's Creditworthiness When Books Clearly Reflect Source, Identity, and Repayment of Funds: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Assessing Officer ( AO ) cannot question the creditworthiness of...
![Unexplained Investment in Shares not part of Reopening Reasons recorded by AO: ITAT deletes Additions towards Accommodation Entry [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Investment-Shares-not-part-Reopening-Reasons-recorded-AO-ITAT-towards-Accommodation-Entry-taxscan.jpg "Unexplained Investment in Shares not part of Reopening Reasons recorded by AO: ITAT deletes Additions towards Accommodation Entry [Read Order]")
![Relief for TATA Steel: CESTAT Declares Excise Demand Notice Issued After 9.5 Years as Time-Barred, Exceeding 5 Years Limit- [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Kolkata-Customs-Excise-Service-Tax-Appellate-Tribunal-TAXSCAN.jpg "Relief for TATA Steel: CESTAT Declares Excise Demand Notice Issued After 9.5 Years as Time-Barred, Exceeding 5 Years Limit- [Read Order]")
![Municipal Corporation Engaged in Commercial Activities liable to Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Service-Tax-liable-in-Commercial-Activities-Municipal-Corporation-Engaged-in-Commercial-Activities-taxscan.jpg "Municipal Corporation Engaged in Commercial Activities liable to Service Tax: CESTAT [Read Order]")
![GST Investigation Wing issues Guidelines for Arrest and Bail under GST Provisions [Read Instruction]](https://www.taxscan.in/wp-content/uploads/2025/01/GST-Investigation-GST-GST-Investigation-Wing-issues-GST-Investigation-Wing-Guidelines-for-Arrest-and-Bail-taxscan.jpg "GST Investigation Wing issues Guidelines for Arrest and Bail under GST Provisions [Read Instruction]")
![Time Barred SCN: CESTAT quashes Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Delhi-Service-Tax-Show-Cause-Notice-SCN-Excis-eand-Customs-TAXSCAN.jpg "Time Barred SCN: CESTAT quashes Service Tax Demand [Read Order]")
ITAT Deletes Disallowance of Cash Payments u/s 40A(3), Upholds Claims of Rule 6DD Exemptions on Property Transactions [Read Order]
In a recent ruling, the Jaipur bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of ₹8.36 lakh made by the AO under Section 40A(3) of the Income Tax Act. The appeal was against...
![ITAT Deletes Disallowance of Cash Payments u/s 40A(3), Upholds Claims of Rule 6DD Exemptions on Property Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Deletes-Disallowance-of-Cash-Payments-Disallowance-of-Cash-Payments-Cash-Payments-Exemptions-on-Property-Transactions-Property-Transactions-taxscan.jpg "ITAT Deletes Disallowance of Cash Payments u/s 40A(3), Upholds Claims of Rule 6DD Exemptions on Property Transactions [Read Order]")
![Income Tax Annual Digest 2024: ITAT Cases [Part 29]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Income-Tax-Annual-Digest-2024-Annual-Digest-2024-ITAT-ITAT-Cases-Part-29-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 29]")
![Income Tax Annual Digest 2024: ITAT Cases [Part 28]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Income-Tax-Annual-Digest-2024-Income-Tax-Digest-2024-TAXSCAN-2.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 28]")
Successful Auction Purchaser Cannot Forced to Pay Pre-CIRP Electricity Dues before Restoring Electricity Connection: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT) has held that a successful auction purchaser cannot be forced to pay pre-CIRP electricity dues before restoring an...
![Non-Furnishing of Approval u/s 151 to Assessee: Bombay HC quashes Income Tax Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bombay-High-Court-Income-Tax-Income-Tax-Reassessment-Section-151-of-Income-Tax-Act-TAXSCAN.jpg "Non-Furnishing of Approval u/s 151 to Assessee: Bombay HC quashes Income Tax Reassessment [Read Order]")
