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![Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/500x300_2115693-income-tax-addition-taxscan.jfif "Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]")
Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) ruled that Loose sheet without third party confirmation insufficient for addition and...
![Survey Statement alone cannot Justify Bogus Purchase Additions: ITAT Deletes ₹3.60 Cr Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/12/25/250x150_2114811-survey-statement-bogus-purchase-additions-itat-deletes-addition-taxscan.webp "Survey Statement alone cannot Justify Bogus Purchase Additions: ITAT Deletes ₹3.60 Cr Addition u/s 68 [Read Order]")
![Declaration of Income as Less than that made in Survey under Presumptive Scheme u/s 44D: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Declaration-of-Income-Survey-under-Presumptive-Scheme-Presumptive-Scheme-section-44D-Presumptive-Scheme-ITAT-ITAT-deletes-Addition-taxscan.jpg "Declaration of Income as Less than that made in Survey under Presumptive Scheme u/s 44D: ITAT deletes Addition [Read Order]")
![Purchases Treated as Bogus in Another Year Cannot Solely Justify Similar Treatment for Year Under Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Purchases-Treated-as-Bogus-Solely-Justify-Similar-Treatment-purchases-treated-as-bogus-in-one-financial-year-taxscan.jpg "Purchases Treated as Bogus in Another Year Cannot Solely Justify Similar Treatment for Year Under Consideration: ITAT [Read Order]")
![Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/site-img-4.jpg "Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order]")
Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Varanasi Bench has held that when the department relies on the incriminating material found during surveyscopies of the same should be provided to assessee...
![Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Material-CITA-Principles-Natural-Justice-ITAT-TAXSCAN.jpg "Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]")
![No Penalty If Income Already Offered to Tax by Different Entity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Penalty-Income-Tax-by-Different-Entity-ITAT-TAXSCAN.jpg "No Penalty If Income Already Offered to Tax by Different Entity: ITAT [Read Order]")