![Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Purchase-Property-Family-Support-ITAT-Addition-taxscan.jpeg "Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]")
Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition made by the income tax department towards the cash purchase...
![Addition u/s 69 cant make without considering Corroborative Evidence, an opportunity to hear must be given: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-corroborative-evidence-opportunity-ITAT-Taxscan.jpeg "Addition u/s 69 cant make without considering Corroborative Evidence, an opportunity to hear must be given: ITAT [Read Order]")
![No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-ncriminating-Material-Assessment-ITAT-taxscan.jpeg "No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]")
![Retrospective Effect of Amendment to Sec 36(1) is Debatable and Controversial Issue: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Amendment-ITAT-Addition-taxscan.jpeg "Retrospective Effect of Amendment to Sec 36(1) is Debatable and Controversial Issue: ITAT deletes Addition [Read Order]")
![Digital Data recovered during Search has Evidentiary Value, can be relied on to Make Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Digital-Data-Evidentiary-Value-Addition-ITAT-Taxscan.jpeg "Digital Data recovered during Search has Evidentiary Value, can be relied on to Make Addition: ITAT [Read Order]")
![Penalty cannot be solely based on Addition without proving Concealment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Penalty-cannot-solely-Addition-proving-Concealment-ITAT-Taxscan.jpeg "Penalty cannot be solely based on Addition without proving Concealment: ITAT [Read Order]")
Amendment to Sections 36(1)(va) and 43B under Finance Act, 2021 has no Retrospective Effect: ITAT deletes Addition [Read Order]
The ITAT, Delhi bench, relying on a catena of decisions, has observed that amendment to Section 36 (1)(va) and Section 43B effected by Finance Act 2021 is having prospective effect, cannot be applied...
![Amendment to Sections 36(1)(va) and 43B under Finance Act, 2021 has no Retrospective Effect: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Amendment-Finance-Act-Retrospective-Effect-ITAT-deletes-Addition-taxscan.jpg "Amendment to Sections 36(1)(va) and 43B under Finance Act, 2021 has no Retrospective Effect: ITAT deletes Addition [Read Order]")
Amount collected towards Corpus Fund cannot be treated as Perquisites in the Hands of the Company: ITAT deletes Addition [Read Order]
A two-Member bench of the Income Tax Appellate Tribunal (ITAT), Bangalore has held that the amount collected towards corpus fund cannot be treated as perquisites under section 28 of the Income Tax...
![Amount collected towards Corpus Fund cannot be treated as Perquisites in the Hands of the Company: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Amount-Fund-Perquisites-Company-ITAT-deletes-Addition.jpeg "Amount collected towards Corpus Fund cannot be treated as Perquisites in the Hands of the Company: ITAT deletes Addition [Read Order]")
![Addition can’t be made on sole basis of Statement of Director during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Addition-Search-ITAT-Taxscan.jpg "Addition can’t be made on sole basis of Statement of Director during Search: ITAT [Read Order]")
Mere Suspicion that Expenditure is for Non-Business purposes can’t be Ground for Addition: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that addition cannot made merely on the ground that the expenditure is for non-business purposes. During the assessment...
![Mere Suspicion that Expenditure is for Non-Business purposes can’t be Ground for Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Mere Suspicion that Expenditure is for Non-Business purposes can’t be Ground for Addition: ITAT [Read Order]")
![Document already available with AO not an ‘Incriminating Material’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Document-Taxscan.jpg "Document already available with AO not an ‘Incriminating Material’: ITAT [Read Order]")
Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]
The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer cannot make an addition merely on the ground of the assessee made frequent withdrawal and deposit of his...
![Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Money-Laundering-Taxscan.jpg "Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]")