![Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/whims-fancies-Mere-whims-and-fancies-by-AO-AO-Vital-Evidence-taxscan.jpg "Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]")
Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 69A of the Income Tax Act, 1961 due to mere whims and...
![Assessment Order framed u/s 153A based upon Documents Recovered by Search from 3rd party without Following Procedures as per S.153C of Income Tax Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessment-Order-Documents-Income-Tax-Act-ITAT-deletes-Addition-ITAT-taxscan.jpg "Assessment Order framed u/s 153A based upon Documents Recovered by Search from 3rd party without Following Procedures as per S.153C of Income Tax Act: ITAT deletes Addition [Read Order]")
![No Addition shall be made u/s 68 of Income Tax Act when creditworthiness of Loan provider through Banking Channel satisfactorily explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/addition-Income-Tax-Act-creditworthiness-of-loan-provider-banking-channel-satisfactorily-explained-ITAT-taxscan.jpg "No Addition shall be made u/s 68 of Income Tax Act when creditworthiness of Loan provider through Banking Channel satisfactorily explained: ITAT [Read Order]")
![ITAT deletes Addition made towards Gift of cash amount deposited in ICICI Bank received from in laws [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Addition-made-towards-Gift-of-cash-amount-deposited-ICICI-Bank-taxscan.jpg "ITAT deletes Addition made towards Gift of cash amount deposited in ICICI Bank received from in laws [Read Order]")
![No Addition shall be made u/s 44AD by AO without Rejecting Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-AO-Books-of-Accounts-ITAT-No-Addition-AO-without-Rejecting-Books-of-Accounts-ITAT-taxscan.jpg "No Addition shall be made u/s 44AD by AO without Rejecting Books of Accounts: ITAT [Read Order]")
Addition u/s 69B can't be made by AO purely based upon conjectures/surmises and without considering Evidences produced: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 69B of the Income Tax Act, 1961 cannot be made by the Assessing Officer purely based upon the...
![Addition u/s 69B cant be made by AO purely based upon conjectures/surmises and without considering Evidences produced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-purely-based-upon-conjectures-surmises-and-without-considering-Evidences-produced-ITAT-TAXSCAN.jpg "Addition u/s 69B cant be made by AO purely based upon conjectures/surmises and without considering Evidences produced: ITAT [Read Order]")
Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee had discharged its burden as per Section 68 of the Act, by filing confirmation, affidavit, copy of the income tax...
![Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Discharged-Burden-Furnished-Written-Submission-to-AO-ITAT-deletes-Addition-TAXSCAN.jpg "Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]")
Absence of Express Agreement for Brand Promotion Excludes AMP Expenditure as International Transaction: ITAT deletes Addition on Kellogg India
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the transactions in question would not constitute international transaction relating to AMP expenditure. The Assessee...
![ITAT Deletes Addition u/s 69C of Income Tax Act made Solely on Basis of WhatsApp chat [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Addition-Income-Tax-Act-WhatsApp-chat-Income-Tax-taxscan.jpeg "ITAT Deletes Addition u/s 69C of Income Tax Act made Solely on Basis of WhatsApp chat [Read Order]")
![AO cant impose an Addition without mentioning any Provision of Statute: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/AO-impose-Addition-mentioning-Provision-Statute-ITAT-taxscan.jpg "AO cant impose an Addition without mentioning any Provision of Statute: ITAT [Read Order]")
Addition u/s 68 due to Non-Consideration of Unsigned Reply by Assessee to Notice issued u/s 147 of Income Tax Act: ITAT directs Re-adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the addition under Section 68 of the Income Tax Act 1961 due to non-consideration of unsigned reply by...
![Addition u/s 68 due to Non-Consideration of Unsigned Reply by Assessee to Notice issued u/s 147 of Income Tax Act: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Non-Consideration-of-Unsigned-Reply-Reply-ITAT-taxscan-1.jpg "Addition u/s 68 due to Non-Consideration of Unsigned Reply by Assessee to Notice issued u/s 147 of Income Tax Act: ITAT directs Re-adjudication [Read Order]")
AMP Expenditure not an International Transaction: ITAT deletes Addition against Mondelez India Foods towards Transfer Pricing Adjustment on Account of AMP Expenditure [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition against Mondelez India Foods towards the transfer pricing adjustment on account of Advertisement, Marketing and...
![AMP Expenditure not an International Transaction: ITAT deletes Addition against Mondelez India Foods towards Transfer Pricing Adjustment on Account of AMP Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/AMP-Expenditure-International-Transaction-ITAT-deletes-Addition-ITAT-Addition-Mondelez-India-Foods-taxscan-1.jpg "AMP Expenditure not an International Transaction: ITAT deletes Addition against Mondelez India Foods towards Transfer Pricing Adjustment on Account of AMP Expenditure [Read Order]")