![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]")
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...
![Power to order attachment of Bank Account under CGST Act is only on Commissioner: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Power-attachment-Bank-Account-CGST-Act-Commissioner-Delhi-HC-TAXSCAN.jpg "Power to order attachment of Bank Account under CGST Act is only on Commissioner: Delhi HC [Read Order]")
![Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Withdrawal-Amount-Bank-Account-Withdrawal-of-Amount-from-Bank-Account-for-Purchase-of-Property-taxscan.jpg "Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]")
![Sale Proceeds of Shares Credited in Bank Account Entered in Book of Accounts cannot be Treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Sale-proceeds-of-shares-credited-Bank-Account-entered-in-book-of-accounts-treated-as-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Sale Proceeds of Shares Credited in Bank Account Entered in Book of Accounts cannot be Treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
![Cancellation of GST Registration: Madras HC directs GST Department to De-Freeze Bank Account on Payment of First Instalment of Tax Portion [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Cancellation-of-GST-Registration-GST-Registration-GST-Madras-High-Court-De-Freeze-Bank-Account-Tax-Taxscan.jpg "Cancellation of GST Registration: Madras HC directs GST Department to De-Freeze Bank Account on Payment of First Instalment of Tax Portion [Read Order]")
Refund Scam: Govt warns Taxpayers not to Fall for Fake Income Tax Refund Message; Could be a Scam
Are you delighted to have received an unexpected income tax refund message? However, please exercise caution as it might be a scam. The government is issuing a warning to taxpayers, advising them not...
Chhattisgarh HC directs 2 Impersonated Sales Tax Officers to pay Rs. 2L Compensation Duping Rs. 2.5L [Read Order]
A single bench of Justice Deepak Kumar Tiwari of Chhattisgarh High Court has instructed two individuals who posed as sales tax officers to provide Rs. 2 lakhs in compensation to the victims who were...
No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Delhi Bench ruled that no addition should be made on behalf of the assessee in respect of cash deposited in a joint bank account by the second account...
![No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Cash-Deposited-Joint-Bank-Account-Second-Account-TAXSCAN.jpg "No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]")
J&K State Rural Roads Development Agency’s Term Deposits Interest Exempted from TDS as is Wholly Financed by Central Govt: Jammu & Kashmir HC [Read Order]
In a recent ruling, the Jammu and Kashmir High Court held that the interest accrued from the Term Deposits by the J&K State Rural Roads Development Agency (JKSRRDA) is exempted from Tax Deduction...
![J&K State Rural Roads Development Agency’s Term Deposits Interest Exempted from TDS as is Wholly Financed by Central Govt: Jammu & Kashmir HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/JK-State-Rural-Development-Deposits-Exempted-TDS-Wholly-Financed-Central-Jammu-Kashmir-TAXSCAN.jpg "J&K State Rural Roads Development Agency’s Term Deposits Interest Exempted from TDS as is Wholly Financed by Central Govt: Jammu & Kashmir HC [Read Order]")
Karnataka High Court Directs Defreezing of Bank Account in Service Tax Dispute upon Furnishing of Security by Assessee [Read Order]
The Karnataka High Court has directed the defreezing of the bank account of the assessee in a service tax dispute upon the furnishing of security by the assessee. The decision came in response to...
![Karnataka High Court Directs Defreezing of Bank Account in Service Tax Dispute upon Furnishing of Security by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Karnataka-High-Court-High-Court-Karnataka-High-Court-Directs-Defreezing-of-Bank-Account-Bank-Account-taxscan.jpg "Karnataka High Court Directs Defreezing of Bank Account in Service Tax Dispute upon Furnishing of Security by Assessee [Read Order]")
Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the assessing office under section 69 of the Income Tax Act,1961 on the ground of unexplained investment in a...
![Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Income-Tax-Act-Addition-Unexplained-Investment-Bank-Account-delete-Addition-ITAT-Investment-Bank-Account-Income-Tax-taxscan.jpg "Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]")
Non-availability of Funds is not a valid reason for Non-opening of Liquidation Bank Account: IBBI warns Insolvency Professional [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has held that the non-availability of funds is not a valid reason for the non-opening of the liquidation bank account and warned the Insolvency...
