How Are PAN Card Numbers Made? Here's the Secret Behind Those 10 Alphanumeric Characters
The Income Tax Department of India issues a Permanent Account Number ( PAN ), a special 10-character identification number, to monitor financial ...
![Madras HC Upholds Interest Payment Despite Wrong PAN Details in SEBIs Penalty Order; Plea to Align SEBI Act Provision with S. 220 of Income Tax Act Dismissed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Madras-HC-Interest-Payment-Despite-PAN-Details-Penalty-Order-Plea-to-Align-SEBI-Act-Income-Tax-Act-TAXSCAN.jpg "Madras HC Upholds Interest Payment Despite Wrong PAN Details in SEBIs Penalty Order; Plea to Align SEBI Act Provision with S. 220 of Income Tax Act Dismissed [Read Order]")
No 'abnormal jump' in cash sales during Demonitization Period: ITAT Deletes Income Tax Addition u/s 68 of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that there is no abnormal jump in cash sales during demonetization period and all these facts clearly proved the genuineness claim made by...
![No abnormal jump in cash sales during Demonitization Period: ITAT Deletes Income Tax Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-abnorma-l-jump-cash-sales-Demonitization-Period-ITAT-Income-Tax-Income-Tax-Act-TAXSCAN.jpg "No abnormal jump in cash sales during Demonitization Period: ITAT Deletes Income Tax Addition u/s 68 of Income Tax Act [Read Order]")
Ex-parte Addition on Unexplained Investment: ITAT directs Re adjudication of Addition towards source of Investment in Purchase of Immovable Property [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench directed readjudication in respect of additions made under Section 69 of the Income Tax Act, 1961 towards source of investment in the...
![Ex-parte Addition on Unexplained Investment: ITAT directs Re adjudication of Addition towards source of Investment in Purchase of Immovable Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Ex-parte-Unexplained-Investment-ITAT-Re-adjudication-Addition-Investment-Purchase-Immovable-Property-TAXSCAN.jpg "Ex-parte Addition on Unexplained Investment: ITAT directs Re adjudication of Addition towards source of Investment in Purchase of Immovable Property [Read Order]")
No Denial of Registration of Trusts with Minor Mismatch in Name under section 12AB of Income Tax Act: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) has ruled that trusts with minor mismatches in their names will not be denied registration under section 12AB of the Income Tax Act, 1961....
![No Denial of Registration of Trusts with Minor Mismatch in Name under section 12AB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Denial-Registration-Trusts-Minor-Mismatch-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Denial of Registration of Trusts with Minor Mismatch in Name under section 12AB of Income Tax Act: ITAT [Read Order]")
No Addition u/s 68 if Identity and Genuineness of Transaction of Lender is Proved beyond Doubt: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that all the three necessary ingredients of Section 68 of the Income Tax Act, 1961 having been been proved in respect of the loan...
![No Addition u/s 68 if Identity and Genuineness of Transaction of Lender is Proved beyond Doubt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Genuineness-of-Transaction-of-Lender-ITAT-Transaction-Lender-taxscan.jpg "No Addition u/s 68 if Identity and Genuineness of Transaction of Lender is Proved beyond Doubt: ITAT [Read Order]")
Provision of Section 69A of IT Act cannot be applied to Cash Deposits duly recorded in Books of Account: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the provisions of Section 69A of the Income Tax Act cannot be applied to the cash deposits which have been duly recorded in the...
![Provision of Section 69A of IT Act cannot be applied to Cash Deposits duly recorded in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/IT-Act-Cash-Deposits-duly-recorded-in-Books-of-Account-ITAT-Books-of-Account-Cash-Deposits-taxscan.jpg "Provision of Section 69A of IT Act cannot be applied to Cash Deposits duly recorded in Books of Account: ITAT [Read Order]")