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![No Addition can be made on Account of Unexplained Closing Cash filed u/s 44AD of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Account-Unexplained-Closing-Cash-Closing-Cash-Account-of-Unexplained-Closing-Cash-Income-Tax-Act-Income-Tax-Tax-ITAT-Taxscan.jpg "No Addition can be made on Account of Unexplained Closing Cash filed u/s 44AD of Income Tax Act: ITAT [Read Order]")
No Addition can be made on Account of Unexplained Closing Cash filed u/s 44AD of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made on account of an unexplained closing...
![RBI includes GSTN as a Financial Information Provider under Account Aggregator Framework [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/RBI-GSTN-Financial-Information-Account-Account-Aggregator-taxscan.jpg "RBI includes GSTN as a Financial Information Provider under Account Aggregator Framework [Read Notification]")
![Liquidated Damages Recoverable on Account of Delay in Commissioning is not Supply, No GST: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Liquidated-Damages-Account-GST-AAAR-taxscan.jpg "Liquidated Damages Recoverable on Account of Delay in Commissioning is not Supply, No GST: AAAR [Read Order]")
Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]
The Central Board of Direct Taxes (CBDT) has specified the sovereign wealth fund, Norges Bank On Account Of The Government Pension Fund Global as the specified person for the purposes of the said...
![Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/10/Norges-Bank-Account-Government-Global-Eligible-Income-Tax-Specified-Wealth-Fund-TAXSCAN-1.jpg "Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]")
Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]
Amount spent outside India on account of boarding and lodging local transport is not application income u/s 11(1)(a), so was held by Income Tax Appellate Tribunal (ITAT), New Delhi. The assessee,...
![Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Amount-account-lodging-local-transport-application-income-ITAT-taxscan.jpeg "Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]")
![Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Accounts-advances-ITAT-Write-off-taxscan.jpg "Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]")
