![Addition for Unexplained Cash Deposits justified if mismatch in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/unexplained-cash-deposits-ITR-ITAT-Taxscan.jpg "Addition for Unexplained Cash Deposits justified if mismatch in ITR: ITAT [Read Order]")
Addition for Unexplained Cash Deposits justified if mismatch in ITR: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the addition for unexplained cash deposits is justified if it did not match with the...
![ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-account-of-unexplained-loan-Institute-for-Professional-Studies-Ghaziabad-Taxscan.jpg "ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]")
![Order of AO accepting suo-moto disallowance for bonus can’t be held to be erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/AO-suo-moto-disallowance-bonus-ITAT-Taxscan.jpg "Order of AO accepting suo-moto disallowance for bonus can’t be held to be erroneous: ITAT [Read Order]")
![Cost of Steam transferred from Power division to Sugar division computed was more than the prayer: ITAT upholds CIT(A) order [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Cost-of-steam-power-division-sugar-division-ITAT-CITA-order-Taxscan.jpg "Cost of Steam transferred from Power division to Sugar division computed was more than the prayer: ITAT upholds CIT(A) order [Read Order]")
![Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Amount-invested-purchase-of-house-daughters-name-eligible-exemption-section-54F-ITAT-Taxscan.jpeg "Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]")
ITAT deletes Addition of Rs. 50.30 Cr on account of Unexplained Share Application Money [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench deleted the addition of Rs. 50.30 Crores on account of unexplained share application money. The sole issue raised by the Revenue, is against...
![ITAT deletes Addition of Rs. 50.30 Cr on account of Unexplained Share Application Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-unexplained-share-application-money-Taxscan.jpg "ITAT deletes Addition of Rs. 50.30 Cr on account of Unexplained Share Application Money [Read Order]")
ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the AO to add only 12% of on-money receipts as undisclosed income. The assessee, M/s. Bhalchandra Trading P. Ltd. raised the issue...
![ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-on-money-receipts-undisclosed-income-taxscan.jpeg "ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]")
![ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Unexplained-Cash-Credit-Taxscan.jpg "ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]")
Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench allowed the deduction on account of long-term Capital Gain. The assessee, Halesh K.C. along with other family members had sold an...
![Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Independent-building-residential-house-ITAT-deduction-on-account-long-term-Capital-Gain-Taxscan.jpg "Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]")
Relief to Huawei Telecommunications India: ITAT deletes 30% disallowance of Advertisement Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in relief to the Huawei Telecommunications (India) deleted the 30% disallowance of the advertisement expenses made by AO. The Appellant,...
![Relief to Huawei Telecommunications India: ITAT deletes 30% disallowance of Advertisement Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Huawei-Telecommunications-India-ITAT-disallowance-of-the-advertisement-expenses-Taxscan.jpg "Relief to Huawei Telecommunications India: ITAT deletes 30% disallowance of Advertisement Expenses [Read Order]")
ITAT deletes disallowance made under head ‘Assistance to Law Students’ against Senior Advocate Harish Salve [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the deletes disallowance made under the head “Assistance to Law Students” against Former Solicitor General of India, Harish Salve. ...
![ITAT deletes disallowance made under head ‘Assistance to Law Students’ against Senior Advocate Harish Salve [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-disallowance-Assistance-to-Law-Students-Senior-Advocate-Harish-Salve-Taxscan.jpg "ITAT deletes disallowance made under head ‘Assistance to Law Students’ against Senior Advocate Harish Salve [Read Order]")
![Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/concealment-in-the-return-of-income-ITAT-Taxscan.jpg "Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]")