Electoral Bonds: SBI to Issue and Encash Electoral Bonds in Phase 29 under Government Authorization w.e.f. 06.11.2023 to 20.11.2023
The Government of India, in the XXIX Phase of the sale, has granted authorization to the State Bank of India (SBI) for the issuance and redemption of...
![No Requirement of Attachment of Bank Account on Deposit of Pre-Deposit, and after Numbering of Service Tax Appeals: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Requirement-of-Attachment-of-Bank-Account-on-Deposit-of-Pre-Deposit-Numbering-of-Service-Tax-Appeals-Kerala-HC-TAXSCAN.jpg "No Requirement of Attachment of Bank Account on Deposit of Pre-Deposit, and after Numbering of Service Tax Appeals: Kerala HC [Read Order]")
![Madras HC directs Income Tax Dept to lift Attachment of Pension Account considering old Age of Pensioner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Madras-HC-Income-Tax-Dept-Madras-HC-directs-Income-Tax-Dept-Pension-Account-old-Age-of-Pensioner-taxscan.jpg "Madras HC directs Income Tax Dept to lift Attachment of Pension Account considering old Age of Pensioner [Read Order]")
![Cash Deposited in Bank Account as a result of Earlier Withdrawal cant be treated as Undisclosed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Cash-Deposited-Bank-Account-result-of-Earlier-Withdrawal-Undisclosed-Income-ITAT-TAXSCAN.jpg "Cash Deposited in Bank Account as a result of Earlier Withdrawal cant be treated as Undisclosed Income: ITAT [Read Order]")
![No effective Representation before lower Authorities: ITAT direct readjudication in respect of Sale Consideration deposit in Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-effective-Representation-Authorities-No-effective-Representation-before-lower-Authorities-ITAT-taxscan.jpg "No effective Representation before lower Authorities: ITAT direct readjudication in respect of Sale Consideration deposit in Bank Account [Read Order]")
Higher Sales Shown during Demonetization Period to Cover up Cash Deposits to Bank Accounts: ITAT Directs to treat Addition as Income from Business and Tax at Normal Rates
The Income Tax Appellate Tribunal (ITAT) Chennai bench while directing to treat addition as the income from business and Tax at the normal rates observed that Assesee showed higher sales during...
VAT Assessment Made Without Considering C-Forms & F-Forms: Bombay High Court Directs AO for Afresh Assessment and Release of Bank A/c Attachment [Read Order]
The High Court of Bombay has directed the Assessing Officer (AO) to conduct a fresh assessment in a case where the Value Added Tax (VAT) assessment was allegedly made without considering crucial...
![VAT Assessment Made Without Considering C-Forms & F-Forms: Bombay High Court Directs AO for Afresh Assessment and Release of Bank A/c Attachment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/VAT-Assessment-Considering-C-Forms-F-Forms-Bombay-High-Court-Directs-AO-Afresh-Assessment-Release-Bank-TAXSCAN.jpg "VAT Assessment Made Without Considering C-Forms & F-Forms: Bombay High Court Directs AO for Afresh Assessment and Release of Bank A/c Attachment [Read Order]")
No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that the assessee has successfully demonstrated source of cash deposit to its bank account during demonetization period thus no income...
![No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Addition-Assessee-Demonstrated-Source-of-Cash-Deposits-Cash-Deposits-Demonstrated-Source-Bank-Account-Demonitization-Period-ITAT-taxscan.jpg "No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]")
Signature in 'Consent Waiver Form' Proves that Trust has No Role in Opening of Overseas Bank Account: ITAT Restores Matter to AO [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that signing of 'consent waiver form' proves its bonafide that trust has no role in opening of overseas bank account, the matter is...
![Signature in Consent Waiver Form Proves that Trust has No Role in Opening of Overseas Bank Account: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Signature-Consent-Waiver-Form-Trust-Overseas-Bank-Account-Bank-Account-ITAT-AO-taxscan.jpg "Signature in Consent Waiver Form Proves that Trust has No Role in Opening of Overseas Bank Account: ITAT Restores Matter to AO [Read Order]")