![Lack of Evidence in proving Unexplained Investment u/s 69 of IT Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-in-Raipur-Lack-of-evidence-ITAT-deletes-Addition-unexplained-investment-IT-Act-Section-69-ITAT-news-TAXSCAN.jpg "Lack of Evidence in proving Unexplained Investment u/s 69 of IT Act: ITAT deletes Addition [Read Order]")
Lack of Evidence in proving Unexplained Investment u/s 69 of IT Act: ITAT deletes Addition [Read Order]
The Raipur bench of Income Tax Appellate Tribunal (ITAT) directed for the deletion of the additional amount charged by the Assessing Officer (AO). An...
![Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Taxpayer-Operating-Money-Transfer-Business-M-Pesa-Mobile-Wallets-Evident-Bank-Statement-ITAT-Re-Adjudication-taxscan.jpg "Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]")
![ITAT directs Readjudication for determining Municipal Rateable Value of Flats held as Stock in Trade [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Mumbai-readjudication-ITAT-Updating-taxscan.jpg "ITAT directs Readjudication for determining Municipal Rateable Value of Flats held as Stock in Trade [Read Order]")
ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) deleted the disallowance of payment made on account of the Forward Contract Loss incurred towards hedging Foreign...
![ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-09-at-3.03.51-PM.jpeg "ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]")
Non-cooperation with Income Tax Assessment Proceedings, Relevant Details and Records Not Produced: ITAT Directs Re-Adjudication [Read Order]
The Indore bench of the Income Tax Appellate Tribunal ( ITAT ) has directed re-adjudication due to non-cooperation with income tax assessment proceedings and failure to produce relevant details and...
![Non-cooperation with Income Tax Assessment Proceedings, Relevant Details and Records Not Produced: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Non-cooperation-with-Income-Tax-Assessment-Proceedings-Income-Tax-Assessment-Proceedings-ITAT-taxscan.jpg "Non-cooperation with Income Tax Assessment Proceedings, Relevant Details and Records Not Produced: ITAT Directs Re-Adjudication [Read Order]")
ITAT uphold upward adjustment towards guarantee fee in favor of bank with respect of transaction carried out by AE’s [Read Order]
The Ahmedabad bench Income Tax Appellate Tribunal (ITAT) confirmed the upward adjustment made towards the guarantee fee in favor of the bank with respect to transactions carried out by Associate...
![ITAT uphold upward adjustment towards guarantee fee in favor of bank with respect of transaction carried out by AE’s [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-uphold-upward-adjustment-fee-bank-taxscan.jpg "ITAT uphold upward adjustment towards guarantee fee in favor of bank with respect of transaction carried out by AE’s [Read Order]")
ITAT deletes addition made on accrual basis with respect to interest income of arbitration award [ Read Order]
The Delhi bench Income Tax Appellate Tribunal ( ITAT ) deleted the addition made on the accrual basis with respect to the interest income earned from the arbitration award. The Assessee MMTC Ltd...
![ITAT deletes addition made on accrual basis with respect to interest income of arbitration award [ Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-Arbitration-award-Interest-income-taxscan.jpg "ITAT deletes addition made on accrual basis with respect to interest income of arbitration award [ Read Order]")
![Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Rectification-ITR-Rectification-of-Mistakenly-filed-ITR-by-tax-consultant-tax-consultant-taxscan.jpg "Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]")
No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order without recording valid satisfaction before issuing notice under Section 153C of the Income Tax Act, 1961. ...
![No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-valid-satisfaction-Income-Tax-Act-ITAT-ITAT-quashes-Assessment-Order-taxscan.jpg "No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]")
