![No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Addition-Incriminating-Material-during-course-Search-conducted-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]")
No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench, held that no addition could be made under Section 153A of the Income Tax Act, 1961, in...
![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]")
![Assessment Order under Income Tax Act passed before time to file Reply to SCN expired: Delhi HC quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessment-Order-Income-Tax-Act-SCN-Assessment-Order-under-Income-Tax-Act-passed-before-time-to-file-Reply-to-SCN-expired-taxscan.jpg "Assessment Order under Income Tax Act passed before time to file Reply to SCN expired: Delhi HC quashes Assessment Order [Read Order]")
![Non-Disclosure of Shareholding Structures as u/s 92E of Income Tax Act: Delhi HC upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Disclosure-Shareholding-Structures-Delhi-High-Court-upholds-Penalty-Income-Tax-Act-Income-Tax-TAXSCAN-1.jpg "Non-Disclosure of Shareholding Structures as u/s 92E of Income Tax Act: Delhi HC upholds Penalty [Read Order]")
Failure to prove Statement and Certificate filed along with Form No.67 u /r 128(8)(ii) IT Rules for claiming FTC in which Income received from Kazakhstan Employer: ITAT directs Re-Adjudication
The Income Tax Appellate Tribunal (ITAT), Pune bench, while directing readjudication in respect of Foreign Tax Credit (FTC), observed that the assessee had failed to prove the statement and...
ITAT upholds disallowance of ‘commission on sales’ for failure to demonstrate actual role played by Commission Agents in procuring sales [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench upheld the disallowance of commission on sales due to the failure to demonstrate the actual role played by the commission agents in procuring...
![ITAT upholds disallowance of ‘commission on sales’ for failure to demonstrate actual role played by Commission Agents in procuring sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-disallowance-commission-on-sales-failure-actual-role-played-by-commission-agents-commission-agents-sales-taxscan.jpg "ITAT upholds disallowance of ‘commission on sales’ for failure to demonstrate actual role played by Commission Agents in procuring sales [Read Order]")
Denial of Request for Hearing Via Video Conferencing: Delhi HC sets aside Assessment order under Income Tax Act [Read Order]
The Delhi High Court set aside the assessment order passed under the Income Tax Act,1961 whereby the request of hearing via video conferencing was denied. The Court directed the Assessing Officer to...
![Denial of Request for Hearing Via Video Conferencing: Delhi HC sets aside Assessment order under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Denial-of-Request-Video-Conferencing-Delhi-HC-Assessment-order-Income-Tax-Act-taxscan.jpg "Denial of Request for Hearing Via Video Conferencing: Delhi HC sets aside Assessment order under Income Tax Act [Read Order]")
Credit Entries in Saving Account Cannot be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT quashes Reassessment Proceedings initiated based on Conjectures and Surmises [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that credit entries in the savings account in a bank could not be treated as unexplained cash credit under Section 68 of the Income Tax Act,...
![Credit Entries in Saving Account Cannot be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT quashes Reassessment Proceedings initiated based on Conjectures and Surmises [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Credit-Entries-in-Saving-Account-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-Reassessment-Proceedings-Conjectures-and-Surmises-TAXSCAN.jpg "Credit Entries in Saving Account Cannot be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT quashes Reassessment Proceedings initiated based on Conjectures and Surmises [Read Order]")
ITAT deletes Addition made towards Gift of cash amount deposited in ICICI Bank received from in laws [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench deleted the addition made towards the gift of cash amount deposited in the ICICI Bank, received from the father-in-law and mother-in-law of the...
![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]")
Profit from Twin land transactions Taxable under Business Income, not Capital Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench held that income from twin land transactions is taxable under Business Income, not Capital Income. The assessee, Vasant Haribhau's assessment...
![Profit from Twin land transactions Taxable under Business Income, not Capital Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Profit-Twin-land-transactions-Taxable-Business-Income-not-Capital-Income-ITAT-TAXSCAN-1.jpg "Profit from Twin land transactions Taxable under Business Income, not Capital Income: ITAT [Read Order]")
Information Technology & Administrative Service provided to affiliate in India does not Constitute FTS as per Indo Singapore DTAA: Delhi HC upholds ITAT's Order [Read Order]
The Delhi High Court has held that information technology & administrative service provided to an affiliate in India does not construct Fees for Technical Services” (FTS) as Per the Indo...
![Information Technology & Administrative Service provided to affiliate in India does not Constitute FTS as per Indo Singapore DTAA: Delhi HC upholds ITATs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Information-Technology-Administrative-Service-affiliate-in-India-Constitute-FTS-Indo-Singapore-DTAA-Delhi-HC-ITATs-Order-TAXSCAN.jpg "Information Technology & Administrative Service provided to affiliate in India does not Constitute FTS as per Indo Singapore DTAA: Delhi HC upholds ITATs Order [Read Order]")