Read all Latest Updates on and about section 69 of the Income tax Act

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Ignored Evidence and Incorrect Loan Amount: ITAT Quashes ₹74 Lakh Unexplained Investment Addition [Read Order]

Franklin Joshva

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) remitted the matter back to the Assessing Officer (AO) for fresh examination, noting...

₹40.8 Lakh Property Investment from Agricultural Savings, No Unexplained Income: ITAT orders Fresh...

Property Investment Source Partly Explained through Brother’s Gift and Savings: ITAT Partly reduces...

Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part VI]

No Bar on Retaining Cash for Reasonable Period if Source Traceable: ITAT Quashes Cash Deposit...

AO adds Rs. 30 crore as Unexplained Investment: ITAT restores matter in Interest of Justice with Penalty [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter back to the Assessing Officer (AO) in interest of justice with penalty in a case where an addition of Rs. 30 crore was...

Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) Chennai Bench has remanded the case of Ramesh Sreenivasalu for fresh assessment, directing the Assessing Officer (AO) to reconsider...

AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) quashed the addition of Rs. 53.02 lakhs as unexplained investment under Section 69 of the Income Tax Act stating that the addition cannot be...

ITAT remits case back to AO over Assessee's Silence & Lack of Compliance [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) Mumbai Bench, remitted a case back to the Assessing Officer ( AO ) for fresh consideration after the assessee failed to respond to...

Clear Violation of S. 250(6): ITAT sets aside Ex- Parte Order regarding addition on Cash Deposits of Rs. 33 Lakhs [Read Order]

In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the ex-parte order regarding addition on cash deposits of Rs. 33 lakhs by noticing a clear violation of...

Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) remanded the case back to the Assessing Officer (AO) for a fresh review after addressing the ex-parte dismissal and the addition of Rs. 1.55...

Addition of Rs 99.52 Lakh u/s 69 for Unexplained Loans: ITAT Refers Matter to AO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) referred the matter back to the Assessing Officer ( AO ) regarding the addition of Rs. 99.52 lakh under section 69 of Income Tax...