![Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-Income-Tax-Act-Cash-deposits-TAXSCAN.jpg "Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]")
Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of ₹3.13 crore as unexplained cash deposits in the bank accounts...
![Revenue not Justified in Addition made based on Rough Noting on Loose Sheets: ITAT quashes S.40 Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-ITAT-Quashes-Income-Tax-Section-40A3-the-Income-Tax-Act-Loose-Sheets-taxscan.jpg "Revenue not Justified in Addition made based on Rough Noting on Loose Sheets: ITAT quashes S.40 Income Tax Addition [Read Order]")
![Appeal for Registration u/s 12A withdrawn after Filing a Fresh Application: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Appeal-for-Registration-Appeal-Taxscan.jpg "Appeal for Registration u/s 12A withdrawn after Filing a Fresh Application: ITAT dismisses Appeal [Read Order]")
![Co-operative Society Entitled to Deduction u/s 80P(2)(d) of Income Tax for Deposits in Co-operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-Section-80P2d-Section-80P2d-of-the-Income-Tax-Act-Co-operative-Society-Co-operative-Bank-TAXSCAN.jpg "Co-operative Society Entitled to Deduction u/s 80P(2)(d) of Income Tax for Deposits in Co-operative Banks: ITAT [Read Order]")
![Assessment Order in Name of Non-Existent Entity cannot be Cured u/s 292B of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-HC-Delhi-High-Court-Assessment-Order-Non-Existent-Entity-Section-292B-of-the-Income-Tax-Act-Income-Tax-High-Court-News-High-Court-Updates-taxscan.jpg "Assessment Order in Name of Non-Existent Entity cannot be Cured u/s 292B of Income Tax Act: Delhi HC [Read Order]")
Non-Appearance of Form 10B on E-Portal due to Technical Glitch not Taxpayer Mistake: ITAT Remands u/s 11 Exemption Matter [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) remanded exemption under Section 11 of the Income Tax Act matter due to the non-appearance of Form 10B on the E-portal caused by a...
![Non-Appearance of Form 10B on E-Portal due to Technical Glitch not Taxpayer Mistake: ITAT Remands u/s 11 Exemption Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-E-Poetal-Due-E-Poetal-Due-to-Technical-Glitch-Taxscan.jpg "Non-Appearance of Form 10B on E-Portal due to Technical Glitch not Taxpayer Mistake: ITAT Remands u/s 11 Exemption Matter [Read Order]")
ITAT Rebukes PCIT for wrongful Exercise of Powers u/s 263 on valid Income Tax Assessment Order [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent judgment reprimanded the wrongful exercise of powers by the Principal Commissioner of Income Tax (Appeals)-3, Ahmedabad (...
![ITAT Rebukes PCIT for wrongful Exercise of Powers u/s 263 on valid Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Income-Tax-Assessment-Order-PCIT-Taxscan.jpg "ITAT Rebukes PCIT for wrongful Exercise of Powers u/s 263 on valid Income Tax Assessment Order [Read Order]")
ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) deleted Rs.9.84 Lakh addition made under Section 69A of the Income Tax Act, 1961 after verifying that the cash deposits were from Rs. 10...
![ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-cash-deposits-Section-69A-of-Income-Tax-Act-TAXSCAN.jpg "ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]")
![Will Executed on Plain Paper Admissible as Income Proof: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Appeals-ITAT-Pune-Income-Tax-Appellate-Tribunal-Tax-Notices-TAXSCAN.jpeg "Will Executed on Plain Paper Admissible as Income Proof: ITAT [Read Order]")
Sufficient Documentary Evidence: ITAT directs AO to treat Income as Agricultural and not from Other Sources [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent judgment directed the Assessing Officer ( AO ) to treat Income of an Assessee as ‘Agricultural Income’ in light of...
![Sufficient Documentary Evidence: ITAT directs AO to treat Income as Agricultural and not from Other Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-AO-Assessing-Officer-Agricultural-Income-Sufficient-Documentary-Evidence-treat-Income-as-Agricultural-ITAT-Directs-TAXSCAN.jpg "Sufficient Documentary Evidence: ITAT directs AO to treat Income as Agricultural and not from Other Sources [Read Order]")
Excel Sheet Relating to Alleged Unaccounted Cash Sales from Nirav Modi Jewelry Store: ITAT dismisses Addition under Section 69A of Income Tax Act [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) dismissed the addition under section 69A of the Income Tax Act,1961, which was based on an excel sheet relating to alleged unaccounted...
![Excel Sheet Relating to Alleged Unaccounted Cash Sales from Nirav Modi Jewelry Store: ITAT dismisses Addition under Section 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Bangalore-Section-69A-Section-69A-of-Income-Tax-Act-ITAT-Dismisses-Addition-Nirav-Modi-TAXSCAN.jpg "Excel Sheet Relating to Alleged Unaccounted Cash Sales from Nirav Modi Jewelry Store: ITAT dismisses Addition under Section 69A of Income Tax Act [Read Order]")
![CBDT extends Income Tax Audit Report Filing Deadline to October 7 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2024/09/CBDT-Income-Tax-Audit-Report-Filing-Deadline-October-7-taxscan.jpg "CBDT extends Income Tax Audit Report Filing Deadline to October 7 [Read Circular]")