![Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deposit-Cash-Sales-Demonetization-ITAT-Taxscan.jpg "Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]")
Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench has deleted an addition under section 69A of the Income Tax Act, 1961 by holding the...
![Cash Book Transactions cannot be Doubted when Opening Balance of Cash stood Explained and Accepted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Book-Transactions-Opening-Balance-Cash-ITAT-taxscan.jpeg "Cash Book Transactions cannot be Doubted when Opening Balance of Cash stood Explained and Accepted: ITAT [Read Order]")
![PCIT Fails to Mention as to How Assessment Order was Erroneous and Prejudicial to Interest of Revenue: ITAT sets aside Order issued u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/PCIT-Assessment-Order-Interest-Revenue-ITAT-taxcan.jpeg "PCIT Fails to Mention as to How Assessment Order was Erroneous and Prejudicial to Interest of Revenue: ITAT sets aside Order issued u/s 263 [Read Order]")
![GST: Tamil Nadu issues Circular regarding Allowing New Registrations to Avoid Bill Traders [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/GST-Tamil-Nadu-Circular-New-Registration-Bill-Traders-Taxscan.jpeg "GST: Tamil Nadu issues Circular regarding Allowing New Registrations to Avoid Bill Traders [Read Circular]")
![Society Explained Source of Demonetized Notes: ITAT quashes Sec 68 Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Society-Source-Demonetized-Notes-ITAT-taxscan.jpg "Society Explained Source of Demonetized Notes: ITAT quashes Sec 68 Addition [Read Order]")
![Black Money Act Provisions cannot be invoked for Minor Breach of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Black-Money-Act-Provisions-Minor-Breach-Law-ITAT-TAXSCAN-.jpeg "Black Money Act Provisions cannot be invoked for Minor Breach of Law: ITAT [Read Order]")
No Tax Liability for NRI being a Joint Signatory to the Bank Account of Foreign Company without Direct Beneficial Interest: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that there is no tax liability for NRI being a joint signatory to the bank account of the foreign company without direct...
![No Tax Liability for NRI being a Joint Signatory to the Bank Account of Foreign Company without Direct Beneficial Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/NRI-Tax-Liability-No-Tax-Liability-NRI-Joint-Signatory-Bank-Account-Foreign-Company-Direct-Beneficial-Interest-ITAT-Taxscan.jpeg "No Tax Liability for NRI being a Joint Signatory to the Bank Account of Foreign Company without Direct Beneficial Interest: ITAT [Read Order]")
GST: Bombay High Court quashes Provisional Attachment order of attaching Bank Account [Read Judgment]
The Bombay High Court quashed the provisional attachment order of attaching the bank account under the GST Act. The petitioner, Praful Nanji Satra has rented out commercial premises on a leave and...
![GST: Bombay High Court quashes Provisional Attachment order of attaching Bank Account [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Bombay-HC-provisional-attachment-order-bank-account-Taxscan.jpg "GST: Bombay High Court quashes Provisional Attachment order of attaching Bank Account [Read Judgment]")
GST: Petition in Kerala High Court challenges Conditions imposed for lifting of Provisional Attachment of Bank Account [Read Petition]
The Kerala High Court will hear the plea challenging the conditions imposed for lifting of provisional attachment of bank account. The Petitioner, Kerala Communicators Cable Limited is aggrieved...
![GST: Petition in Kerala High Court challenges Conditions imposed for lifting of Provisional Attachment of Bank Account [Read Petition]](https://www.taxscan.in/wp-content/uploads/2021/03/KCCL-GST-Petition-Kerala-High-Court-challenges-Provisional-Attachment-Bank-Account-Taxscan.jpeg "GST: Petition in Kerala High Court challenges Conditions imposed for lifting of Provisional Attachment of Bank Account [Read Petition]")
GST: Gujarat High Court sets aside Provincial Attachment of Bank Account of SKJ Finvest Advisory on a condition to maintain minimum balance of Rs.22 lakhs [Read Order]
The Gujarat High Court set aside the provincial attachment of the Bank Account of SKJ Finvest Advisory on a condition to maintain a minimum balance of Rs.22 lakhs. Mr. Nainawati, the counsel...
![GST: Gujarat High Court sets aside Provincial Attachment of Bank Account of SKJ Finvest Advisory on a condition to maintain minimum balance of Rs.22 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/GST-Gujarat-High-Court-Provincial-Attachment-of-Bank-Account-SKJ-Finvest-Advisory-minimum-balance-Taxscan.jpg "GST: Gujarat High Court sets aside Provincial Attachment of Bank Account of SKJ Finvest Advisory on a condition to maintain minimum balance of Rs.22 lakhs [Read Order]")
No Coercive steps shall be taken towards Recovery of Tax until stay application is decided: Gujarat High Court [Read Order]
The Gujarat High Court directed that no coercive steps shall be taken towards the recovery of the tax until the stay application is decided. The petitioner, M/s Ruchi Infrastructure has pleaded...
![No Coercive steps shall be taken towards Recovery of Tax until stay application is decided: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/recovery-of-the-tax-Gujarat-High-Court-Taxscan.jpg "No Coercive steps shall be taken towards Recovery of Tax until stay application is decided: Gujarat High Court [Read Order]")