![S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Buyer-of-Property-ITAT-Re-do-Addition-TAXSCAN.jpg "S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]")
S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]
Pune Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to re-do the addition under section 56(2)(vii) of Income Tax Act, 1961...
![Mere Entry in Books Not a Ground to Delete Addition If Source Not Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Entry-in-Books-Not-Addition-ITAT-TAXSCAN.jpg "Mere Entry in Books Not a Ground to Delete Addition If Source Not Explained: ITAT [Read Order]")
![Warner Bros have No PE in India: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Warner-Bros-No-PE-ITAT-Addition-TAXSCAN.jpg "Warner Bros have No PE in India: ITAT deletes Addition [Read Order]")
![Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Undisclosed-Stock-Incomplete-Tally-Data-ITAT-TAXSCAN.jpg "Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]")
![No Evidence to prove Nature and Source of Property: ITAT upholds Income Addition u/s 69 A [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Evidence-Nature-and-Source-of-Property-Source-of-Property-ITAT-Income-Tax-Property-Income-Addition-taxscan-.jpg "No Evidence to prove Nature and Source of Property: ITAT upholds Income Addition u/s 69 A [Read Order]")
No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that no addition can be made under Section 69 of the Income Tax Act, 1961 when cash deposit, genuinely made in bank...
![No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Deposit-Bank-Account-Addition-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]")
LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) confirmed addition on the ground that Long Term Capital Gain (LTCG) for sale of equity shares as bogus, not eligible to exemption under...
![LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/LTCG-for-Sale-of-Equity-Shares-as-Bogus-Income-Tax-Act-ITAT-confirms-Income-Tax-Addition-TAXSCAN.jpg "LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]")
AO can't make Addition beyond an issue which are not part of the reasons for Limited Scrutiny: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that AO can't make addition beyond an issue which are not part of the reasons for limited scrutiny. Shri R.S. Ahuja, CA...
![AO cant make Addition beyond an issue which are not part of the reasons for Limited Scrutiny: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/AO-Addition-Limited-Scrutiny-ITAT-Income-Tax-taxscan.jpg "AO cant make Addition beyond an issue which are not part of the reasons for Limited Scrutiny: ITAT [Read Order]")
No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that no fresh addition can be made for assessment already completed after proper enquiry on absence of incriminating material. The...
![No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/addition-assessment-proper-enquiry-incriminating-material-ITAT-TAXSCAN.jpg "No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]")
![No Addition to be made When Notice issued by AO is based on borrowed Satisfaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-Ahmedabad-addition-Notice-Borrowed-Satisfaction-ITAT-taxscan.jpeg "No Addition to be made When Notice issued by AO is based on borrowed Satisfaction: ITAT [Read Order]")
Addition made on personal belief and imagination by AO: ITAT deletes Addition of Rupees One Crore [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench deleted addition of Rupees one crore as addition was made on personal belief and imagination by Assessing Officer (AO). The assessee, Pradip...
![Addition made on personal belief and imagination by AO: ITAT deletes Addition of Rupees One Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Addition-AO-ITAT-taxscan.jpg "Addition made on personal belief and imagination by AO: ITAT deletes Addition of Rupees One Crore [Read Order]")
Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that proprietary concern is not required to obtain a separate Permanent Account Number (PAN) and upholds deletion of addition u/s...
![Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PAN-ITAT-Deletion-Addition-taxscan.jpeg "Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]")