![Mere low declaration of Income by Creditors is no ground to make the addition in respect of Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Mere-low-declaration-Income-by-creditors-Unexplained-cash-credit-ITAT-Taxscan.jpg "Mere low declaration of Income by Creditors is no ground to make the addition in respect of Unexplained Cash Credit: ITAT [Read Order]")
Mere low declaration of Income by Creditors is no ground to make the addition in respect of Unexplained Cash Credit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that mere low declaration of Income by creditors is no ground to make the addition in...
![ITAT deletes Penalty on Undisclosed Income as Search wasn’t initiated [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Undisclosed-Income-Search-ITAT-Penalty-Income-taxscan.jpg "ITAT deletes Penalty on Undisclosed Income as Search wasn’t initiated [Read Order]")
![Himachal Pradesh State Tax and Excise Dept. clarifies Issues relating to HP (Legacy Cases Resolution) Scheme, 2019 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/12/Himachal-Pradesh-State-Tax-and-Excise-HP-Legacy-Cases-Resolution-Scheme-Taxscan.jpeg "Himachal Pradesh State Tax and Excise Dept. clarifies Issues relating to HP (Legacy Cases Resolution) Scheme, 2019 [Read Circular]")
![CBDT updates Harmonised Master List of Infrastructure Sub-sectors, applicable from April, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/07/CBDT-Harmonized-Master-List-Infrastructure-Taxscan.jpg "CBDT updates Harmonised Master List of Infrastructure Sub-sectors, applicable from April, 2020 [Read Notification]")
![CBDT allows Capital Gain relief to difference in Selling price and Its Fair Value [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/07/CBDT-Income-Tax-Taxscan.jpg "CBDT allows Capital Gain relief to difference in Selling price and Its Fair Value [Read Notification]")
DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]
The High Court of Madras held that Deputy Commissioner of Income Tax (DCIT) cannot reopen assessment after 4 years to deny deduction unless any income chargeable to tax escaped assessment. The...
![DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/DCIT-assessment-deduction-Taxscan.jpg "DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]")
![CBDT notifies Income Tax (9th Amendment) Rules, 2020: Safe Harbour Rules Extended [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/05/CBDT-Income-Tax-Safe-Harbour-Rules-Taxscan.jpg "CBDT notifies Income Tax (9th Amendment) Rules, 2020: Safe Harbour Rules Extended [Read Notification]")
![No Capital Gain Tax on Amount Received by Retiring Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "No Capital Gain Tax on Amount Received by Retiring Partner: ITAT [Read Order]")
![In a First, ITAT holds hearing through Video Conferencing [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/04/WhatsApp-Image-2020-04-07-at-4.09.57-PM.jpeg "In a First, ITAT holds hearing through Video Conferencing [Read Order]")
Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that the interest income earned from investments with treasuries and banks is part of banking activity and the interest income is eligible to be assessed...
![Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]")
Stamp Value will be considered as Full Consideration only If Payment was made through Bank on or before the Date of Transfer: ITAT
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has observed that the stamp value on the date of agreement to sell shall be considered as full value of consideration for the purpose of...
Assessee’s Failure to File Return at the Material Time can’t be considered as Willful: Delhi HC [Read Judgment]
The Delhi High Court upheld the decision of the appellate tribunal that the assessee’s failure to file the return at the material time cannot be considered as willful. That search and seizure...
![Assessee’s Failure to File Return at the Material Time can’t be considered as Willful: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessees-Failure-Delhi-High-Court-Taxscan.jpg "Assessee’s Failure to File Return at the Material Time can’t be considered as Willful: Delhi HC [Read Judgment]")