![Income Tax Annual Digest 2024: ITAT Cases [Part 31]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-ITAT-Cases-Income-Tax-Cases-Part-31-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 31]")
Income Tax Annual Digest 2024: ITAT Cases [Part 31]
This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal ( ITAT ) Benches of India...
![Income Tax Annual Digest 2024: ITAT Cases [Part 30]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-ITAT-Cases-Part-30-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 30]")
![ITAT quashes Rs.6.99 Crore Presumptive Addition on Share Transfer due to lack of evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Share-Transfer-ITAT-Presumptive-Addition-taxscan.jpg "ITAT quashes Rs.6.99 Crore Presumptive Addition on Share Transfer due to lack of evidence [Read Order]")
![Applicability of S.68 to CSR Funds: ITAT Rules Addition Unjustified as Identity and Genuineness Proven [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CSR-Funds-ITAT-Rules-ITAT-Ahmedabad-ITAT-Income-Tax-Act-Section-68-Corporate-Social-Responsibility-Income-Tax-Income-Tax-Appellate-Tribunal-taxscan.jpg "Applicability of S.68 to CSR Funds: ITAT Rules Addition Unjustified as Identity and Genuineness Proven [Read Order]")
Addition of ₹20.44 Lakh as Unexplained Cash Deposits During Demonetization: ITAT Directs Fresh Adjudication [Read Order]
The Agra Bench of Income Tax Appellate Tribunal(ITAT) set aside the Commissioner of Income Tax(Appeals)[CIT(A)] order and directed for fresh adjudication regarding the addition of ₹20.44 lakh as...
![Addition of ₹20.44 Lakh as Unexplained Cash Deposits During Demonetization: ITAT Directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Cash-Deposits-ITAT-Commissioner-of-Income-Tax-Specified-Financial-Transactions-demonetization-period-demonetized-currency-Demonetization-SFT-Income-Tax-Returns-Taxscan.jpg "Addition of ₹20.44 Lakh as Unexplained Cash Deposits During Demonetization: ITAT Directs Fresh Adjudication [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 creditors when the assessee’s books of account and...
![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]")
Unexplained Investment in Shares not part of Reopening Reasons recorded by AO: ITAT deletes Additions towards Accommodation Entry [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad, recently delivered a judgment favoring Amey Pravinbhai Brahmbhatt in a case concerning unexplained investments not forming part of the reasons...
![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]")
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]")
![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]")