![ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Third-Party-Documents-site-img.jpg "ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]")
ITAT Overturns 'On-Money' Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur bench, has quashed tax additions totaling Rs. 2.66 crore made against three assessees Taradevi...
![Income Already Disclosed: ITAT Deletes Unexplained Expenses and Stock Valuation Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-Already-Disclosed-ITAT-ITAT-Deletes-Unexplained-Expenses-Unexplained-Expenses-Unexplained-Expenses-and-Stock-Valuation-Addition-taxscan.jpg "Income Already Disclosed: ITAT Deletes Unexplained Expenses and Stock Valuation Addition [Read Order]")
![Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Salary-Salary-paid-by-Indian-Company-to-Non-Resident-Indian-Company-ITAT-taxscan.jpg "Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in India: ITAT [Read Order]")
![Â ITAT Annual Digest 2023 [Part-11]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-ITAT-Annual-Digest-part-11-ITAT-Annual-Digest-2023-taxscan.jpg "Â ITAT Annual Digest 2023 [Part-11]")
![Deduction cant be claimed when there is a Delay in Payment of Employee’s Contribution to PF and ESI: ITAT confirms Addition u/s 2(24)(x) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delay-in-Payment-Deduction-Employees-Contribution-PF-and-ESI-Employees-State-Insurance-Pension-Fund-TAXSCAN.jpg "Deduction cant be claimed when there is a Delay in Payment of Employee’s Contribution to PF and ESI: ITAT confirms Addition u/s 2(24)(x) [Read Order]")
AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of disallowance of sponsorship expenses under Section 37 of the Income Tax Act 1961 holding that the Assessing...
![AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/AO-Business-AO-cannot-Decide-what-is-Good-for-Promoting-Business-ITAT-Deletion-Disallowance-Income-Tax-Act-income-tax-taxsscan.jpg "AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]")
ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition towards disallowance of interest on borrowed capital under Section 36(1)(iii) of Income Tax Act, 1961 out...
![ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletion-Addition-Disallowance-Interest-ITAT-upholds-Deletion-of-Addition-towards-Disallowance-of-Interest-Capital.jpg "ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]")
Non appearance before lower authorities: ITAT directs assessee to deposit cost of Rs 5000/- to State Legal Aid Authority [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, directed the deposit cost of rupees 5,000/- to the State Legal Aid Authority due to non-appearance before the lower authorities for appeal...
![Non appearance before lower authorities: ITAT directs assessee to deposit cost of Rs 5000/- to State Legal Aid Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-appearance-before-lower-authorities-lower-authorities-ITAT-State-Legal-Aid-Authority-Income-Tax-Act-Income-Tax-ITAT-News-directs-assessee-to-deposit-Income-Tax-News-TAXSCAN.jpg "Non appearance before lower authorities: ITAT directs assessee to deposit cost of Rs 5000/- to State Legal Aid Authority [Read Order]")
No addition can be made on completed assessment in absence of Incriminating Material found during course of Search: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that no addition could be made on completed assessment in absence of the incriminating material found during the course of search. ...
![No addition can be made on completed assessment in absence of Incriminating Material found during course of Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-addition-No-addition-can-be-made-on-completed-assessment-in-absence-of-Incriminating-Material-assessment-in-absence-of-Incriminating-Material-Incriminating-Material-ITAT-taxscan.jpg "No addition can be made on completed assessment in absence of Incriminating Material found during course of Search: ITAT [Read Order]")
Receipts that constitute business receipts cannot be held as unaccounted money of the assessee: ITAT directs re-computation [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that receipts constitute business receipts and nothing else and therefore, the same could not be held to be unaccounted money of the...
![Receipts that constitute business receipts cannot be held as unaccounted money of the assessee: ITAT directs re-computation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Receipts-Receipts-that-constitute-business-receipts-business-receipts-unaccounted-money-of-the-assessee-unaccounted-money-ITAT-directs-re-computation-ITAT-taxscan.jpg "Receipts that constitute business receipts cannot be held as unaccounted money of the assessee: ITAT directs re-computation [Read Order]")
Addition Made by AO Towards Share Premium u/s 56(2)(viib) of Income Tax Act Already Offered to Tax by Assessee Before Settlement Commission: ITAT upholds Deletion of Addition [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition holding that the addition made by the Assessing Officer (AO) towards the share premium under Section...
![Addition Made by AO Towards Share Premium u/s 56(2)(viib) of Income Tax Act Already Offered to Tax by Assessee Before Settlement Commission: ITAT upholds Deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Addition-Made-by-AO-Towards-Share-Premium-Addition-AO-Share-Premium-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Addition Made by AO Towards Share Premium u/s 56(2)(viib) of Income Tax Act Already Offered to Tax by Assessee Before Settlement Commission: ITAT upholds Deletion of Addition [Read Order]")
ITAT upholds Approval Granted u/s 153D of Income Tax Act in light of Seized Material and appraisal report submitted by Investigation Wing [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench upheld that approval granted under Section 153D of Income Tax Act,1961 is in light of seized material and appraisal report submitted...
![ITAT upholds Approval Granted u/s 153D of Income Tax Act in light of Seized Material and appraisal report submitted by Investigation Wing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-ITAT-upholds-Approval-Granted-Income-Tax-Act-Income-Tax-Act-in-light-of-Seized-Material-taxscan.jpg "ITAT upholds Approval Granted u/s 153D of Income Tax Act in light of Seized Material and appraisal report submitted by Investigation Wing [Read Order]")