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![ITAT deletes Addition of Rs. 25 Lakh as Unexplained Cash Credits, Finds Loan from Promoters Genuine [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Delhi-ITAT-Unexplained-Cash-Unexplained-Cash-Credits-Taxscan-1.jpg "ITAT deletes Addition of Rs. 25 Lakh as Unexplained Cash Credits, Finds Loan from Promoters Genuine [Read Order]")
ITAT deletes Addition of Rs. 25 Lakh as Unexplained Cash Credits, Finds Loan from Promoters Genuine [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 25 lakh as unexplained cash credits, ruling that the loan from...
![ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Orders-Reassessment-Capital-Gains-Case-Capital-Gains-E-Notices-and-Deductions-E-Notices-Section-54-of-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]")
![Income Tax Bill 2025: Changing the face of Compliance & Digital Monitoring [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Digital-Monitoring-Compliance-taxscan.jpg "Income Tax Bill 2025: Changing the face of Compliance & Digital Monitoring [Read Bill]")
ITAT Deletes ₹1.36Cr Addition as Travel Agent's Demonetization Deposits proved as Business Income [Read Order]
In a recent ruling, the Lucknow Bench of the Income Tax Appellate Tribunal ( ITAT ) overturned a tax demand related to ₹1.36 crores in cash deposits made during the demonetisation period by the...
![ITAT Deletes ₹1.36Cr Addition as Travel Agents Demonetization Deposits proved as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Lucknow-Income-Tax-Appellate-Tribunal-ITAT-Income-tax-addition-case-TAXSCAN.jpg "ITAT Deletes ₹1.36Cr Addition as Travel Agents Demonetization Deposits proved as Business Income [Read Order]")
![No Proposed Change in Capital Gains: New Income Tax Bill Focuses on Simplification [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/New-Income-Tax-Bill-Capital-Gain-No-changes-in-capital-gain-Capital-Gains-Tax-Unchanged-TAXSCAN.jpg "No Proposed Change in Capital Gains: New Income Tax Bill Focuses on Simplification [Read Bill]")
![Addition of Rs. 55 Lakh as Undisclosed Income Based on Retraction: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Addition-Undisclosed-Income-Retraction-ITAT-taxscan.jpg "Addition of Rs. 55 Lakh as Undisclosed Income Based on Retraction: ITAT deletes Addition [Read Order]")
![Income Tax Bill 2025: Who is an Indian Resident Now? [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-Indian-Resident-Income-Tax-Taxscan.jpg "Income Tax Bill 2025: Who is an Indian Resident Now? [Read Bill]")
![No proposed Change to Accountant Definition in Income Tax Bill 2025 [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Act-Income-Tax-Act-2025-Definition-in-Income-Tax-Accountant-Taxscan.jpg "No proposed Change to Accountant Definition in Income Tax Bill 2025 [Read Bill]")
![New Income Tax Bill: Know Major Changes in Tax Audit Applicability [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/New-Income-Tax-Bill-Income-Tax-Bill-Changes-in-Tax-Audit-Income-Tax-TAXSCAN.jpg "New Income Tax Bill: Know Major Changes in Tax Audit Applicability [Read Bill]")
CPC Adds Amount Already Included in Taxable Income: ITAT Deletes Erroneous ₹19,253 Double Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted an erroneous addition of Rs. 19,253 made by the Centralized Processing Center (CPC) after finding that the amount had already been...
![CPC Adds Amount Already Included in Taxable Income: ITAT Deletes Erroneous ₹19,253 Double Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax.jpg "CPC Adds Amount Already Included in Taxable Income: ITAT Deletes Erroneous ₹19,253 Double Addition [Read Order]")