![‘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...
![AI proposes, Tribunal Disposes! Bengaluru ITAT Bench in Soup after AI-generated Order cites non-existent Cases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Bengaluru-AI-generated-Order-ITAT-Bengaluru-AI-generated-order-case-TAXSCAN.jpg "AI proposes, Tribunal Disposes! Bengaluru ITAT Bench in Soup after AI-generated Order cites non-existent Cases [Read Order]")
![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]")
![ITAT Upholds Denial of Exemption u/s 54, Citing Failure to Invest in New Asset Within Specified Timeframe [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Upholds-Denial-Denial-of-Exemption-Denial-of-Exemption-Section-54-Citing-Failure-to-Invest-Specified-Timeframe-Failure-to-Invest-taxscan.jpg "ITAT Upholds Denial of Exemption u/s 54, Citing Failure to Invest in New Asset Within Specified Timeframe [Read Order]")
ITAT allows S.80G Deduction for donation out of CSR funds to PM National Relief Fund [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, in a recent ruling, has allowed a deduction under Section 80G of the Income Tax Act for a donation made out of Corporate Social Responsibility...
![ITAT allows S.80G Deduction for donation out of CSR funds to PM National Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-CSR-funds-PM-National-Relief-Fund-Section-80G-of-Income-Tax-Act-TAXSCAN.jpg "ITAT allows S.80G Deduction for donation out of CSR funds to PM National Relief Fund [Read Order]")
AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, has ruled that Assessing Officer (AO) is not legally entitled to estimate sales on a hypothetical basis while ignoring documentary evidence....
![AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Lucknow-ITAT-case-on-hypothetical-sales-calculation-TAXSCAN.jpg "AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT [Read Order]")
Income Tax Payers Receive Demand Intimation Orders Despite Utility Tool Permitting S.87A Rebate on Special Rate Incomes: X Users React
A number of taxpayers have taken to X (formerly Twitter) to express frustration over receiving Income Tax intimation orders for demands from the Income Tax Department despite the online filing...
No Violation of Fundamental or Statutory Rights: Delhi HC Rejects Husband’s Request to Inquest ₹2 Crore Income Tax Discrepancy by Wife’s Kin [Read Order]
The Delhi High Court has dismissed a writ petition filed by a husband seeking an inquiry by the Income Tax Department into an alleged ₹2 crore cash transaction and other financial dealings by his...
![No Violation of Fundamental or Statutory Rights: Delhi HC Rejects Husband’s Request to Inquest ₹2 Crore Income Tax Discrepancy by Wife’s Kin [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Delhi-High-Court-Income-Tax-Delhi-HC-rejects-husbands-tax-inquest-plea-Husband-and-wife-taxscan.jpg "No Violation of Fundamental or Statutory Rights: Delhi HC Rejects Husband’s Request to Inquest ₹2 Crore Income Tax Discrepancy by Wife’s Kin [Read Order]")
![ITAT Rejects DVO Valuations, Ensures Equal Treatment Among Co-owners [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Equal-Treatment.jpg "ITAT Rejects DVO Valuations, Ensures Equal Treatment Among Co-owners [Read Order]")