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section 131 of Income Tax Act

ITAT presumptive taxation-Cash in hand reporting in taxation-Bank balance disclosure for taxpayers-Taxscan
Taxpayer Must Disclose Cash-in-Hand, Bank Balances, and Receivables Even Under Presumptive Taxation Scheme: ITAT [Read Order]
February 17, 2025
Additional Income of Assessee cannot be treated as Concealed Income Under Income Tax Act: Kerala HC
Additional Income of Assessee cannot be treated as Concealed Income under Income Tax Act: Kerala HC [Read Order]
May 28, 2024
ITAT Chennai - ITAT - Agricultural Land - ITAT Deletes Addition of Rs.16.8 lakhs - tax news - Taxscan
No Cogent Evidence to Establish that Properties Sold by Taxpayer are Agricultural Land: ITAT deletes Addition of Rs.16.8 lakhs [Read Order]
May 24, 2024
Addition - Unexplained Purchase - Purchase Expenses - Evidence for Eviction of Encroacher - ITAT - ITAT mumbai - taxscan
Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]
December 16, 2023
Failure - Discharge - Prove-Genuineness - cash-credited - cheques - Bank- Accounts-ITAT - AO-TAXSCAN
Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]
August 20, 2023
Issuing Notices - Income Tax Act shall be from Six AYs immediately Preceding - ITAT dismiss appeal - TAXSCAN
Issuing Notices u/s 153C of Income Tax Act shall be from Six AYs immediately Preceding A.Y: ITAT dismiss Appeal [Read Order]
August 3, 2023
Non -Resident assessee not required to Disclose any - Asset held Outside India in Return of Income filed in India - ITAT quashes Re - assessment Order - TAXSCAN
Non -Resident assessee not required to Disclose any Asset held Outside India in Return of Income filed in India: ITAT quashes Re-assessment Order [Read Order]
May 20, 2023
Treatment of Booking Advances - Unexplained Cash Credits - ITAT quashes Disproportionate Addition - Addition - ITAT - Co-Owners of Land - Income Tax - taxscan
Treatment of Booking Advances as Unexplained Cash Credits: ITAT quashes Disproportionate Addition towards Co-Owners of Land [Read Order]
May 18, 2023
Addition Based on Non-Appearance - Addition - Company Directors - unproven Identity of Subscriber - unproven Identity - Sustainable - ITAT - Income Tax - taxscan
Addition Based on Non-Appearance of Company Directors on the basis of unproven Identity of Subscriber not Sustainable: ITAT [Read Order]
May 17, 2023
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