![Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Cash-Deposit-Re-deposit-during-Demonitisation-TAT-deletes-Addition-Income-Tax-taxscan.jpg "Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]")
Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) checked cash deposits made during the demonetisation period, ultimately deleting an...
![Punjab & Haryana HC Orders Departmental Action against Income Tax Dept for Bouncing of Cheque for Refund Issued [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Dept-Income-Tax-Punjab-and-Haryana-High-Court-High-Court-Orders-Departmental-Action-Bouncing-of-Cheque-taxscan.jpg "Punjab & Haryana HC Orders Departmental Action against Income Tax Dept for Bouncing of Cheque for Refund Issued [Read Order]")
![ITAT invalidates Deemed Gift Addition u/s 56(2)(vii)(b)(ii) based on Allotment Letter Validity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Kolkata-Income-Tax-Act-1961-TAXSCAN.jpg "ITAT invalidates Deemed Gift Addition u/s 56(2)(vii)(b)(ii) based on Allotment Letter Validity [Read Order]")
![ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessees Burden of Proof [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Kolkata-Assessees-Burden-of-Proof-Taxscan.jpg "ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessees Burden of Proof [Read Order]")
![ITAT restores Assessment for Fresh Consideration due to Lack of Fair Opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surat-Lack-of-Fair-Opportunity-ITAT-Restores-Assessment-Fresh-assessment-ordered-by-ITAT-Income-Tax-taxscan.jpg "ITAT restores Assessment for Fresh Consideration due to Lack of Fair Opportunity [Read Order]")
![ITAT quashes Reassessment Order u/s 147 due to Lack of Jurisdiction and Procedural Defects [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Income-tax-Reassessment-Section-148-Income-Tax-Act-Income-Tax-Act-taxscan-1.jpg "ITAT quashes Reassessment Order u/s 147 due to Lack of Jurisdiction and Procedural Defects [Read Order]")
Anonymous Hundi Donations received by Sai Baba Trust eligible for S. 115BBC(2)(b) Income Tax Exemption: Bombay High Court [Read Order]
In a significant ruling, the Bombay High Court has held that anonymous donations received through the Hundi by the Shree Sai Baba Sansthan Trust, Shirdi, are eligible for exemption from tax under...
![Anonymous Hundi Donations received by Sai Baba Trust eligible for S. 115BBC(2)(b) Income Tax Exemption: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bombay-High-Court-Hundi-Donations-Sai-Baba-Trust-Tax-Exemption-Sai-Baba-Trust-taxscan.jpg "Anonymous Hundi Donations received by Sai Baba Trust eligible for S. 115BBC(2)(b) Income Tax Exemption: Bombay High Court [Read Order]")
ITAT Partially reduces addition of Unexplained Cash Deposits to ₹6,50,000, upholding CBDT Guidelines [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) partially reduced the addition of unexplained cash deposits to ₹6,50,000 while upholding the Central Board of Direct Taxes ( CBDT )...
![ITAT Partially reduces addition of Unexplained Cash Deposits to ₹6,50,000, upholding CBDT Guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Surat-TAXSCAN-1.jpg "ITAT Partially reduces addition of Unexplained Cash Deposits to ₹6,50,000, upholding CBDT Guidelines [Read Order]")
![Higher Tax Rate u/s 115BBE not Applicable as per Earlier Rulings for Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Surat-TAXSCAN.jpg "Higher Tax Rate u/s 115BBE not Applicable as per Earlier Rulings for Assessee: ITAT [Read Order]")
![CBDT releases Revised TDS Rate Chart for AY 2025-26 [Download Rate Chart PDF]](https://www.taxscan.in/wp-content/uploads/2024/10/CBDT-TDS-TDS-Rate-Chart-TDS-Rate-Chart-for-AY-2025-26-Taxscan.jpg "CBDT releases Revised TDS Rate Chart for AY 2025-26 [Download Rate Chart PDF]")
Non-Submission of crucial Evidence on Unexplained Cash Credits due to COVID-19 disruptions: ITAT accepts delayed Evidence, remands matter [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) accepted new evidence submitted by the assessee regarding unexplained cash credit, acknowledging the delays caused by the COVID-19...
![Non-Submission of crucial Evidence on Unexplained Cash Credits due to COVID-19 disruptions: ITAT accepts delayed Evidence, remands matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Surat-Income-Tax-unexplained-cash-credits-taxscan.jpg "Non-Submission of crucial Evidence on Unexplained Cash Credits due to COVID-19 disruptions: ITAT accepts delayed Evidence, remands matter [Read Order]")
ITAT Overturns Disallowance of Unpaid Service Tax Due to Lack of Deduction in P&L Account [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) overturned the disallowance of Rs. 14,43,922/- under Section 43B of Income Tax Act,1961 concerning unpaid service tax, citing the lack of a...
![ITAT Overturns Disallowance of Unpaid Service Tax Due to Lack of Deduction in P&L Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surat-Service-Tax-Due-PL-Account-Taxscan.jpg "ITAT Overturns Disallowance of Unpaid Service Tax Due to Lack of Deduction in P&L Account [Read Order]")