![Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is Revenue in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Entries-in-Books-of-Account-Books-of-Account-Income-ITAT-Lease-Rental-taxscan.jpg "Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is Revenue in Nature [Read Order]")
Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is Revenue in Nature [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that entries in books of account not conclusive in determining income. During the...
![Income Tax Portal does not allow Bulk Uploads: ITAT allows Manual Submission of Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Portal-ITAT-Documents-taxscan.jpg "Income Tax Portal does not allow Bulk Uploads: ITAT allows Manual Submission of Documents [Read Order]")
![Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Accounts-ITAT-taxscan.jpeg "Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]")
Sales Return cannot be treated as an Asset and Liability when subsequently taken into Books of Account: ITAT [Read Order]
Sales return cannot be treated as an asset and liability when subsequently taken into books of account, so was held by Income Tax Appellate Tribunal (ITAT) Hyderabad. The assessee company, M/s....
![Sales Return cannot be treated as an Asset and Liability when subsequently taken into Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Sales-return-asset-and-liability-books-of-account-ITAT-taxscan.jpeg "Sales Return cannot be treated as an Asset and Liability when subsequently taken into Books of Account: ITAT [Read Order]")
Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench deleted addition of Rupees One Crore as Loan received represents unexplained cash loan credit books of accounts. The only issue raised by...
![Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-Loan-Books-of-Accounts-ITAT-taxscan.jpeg "Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]")
Addition of Unexplained Investment deleted without Verifying Books of Accounts: ITAT restores matter To AO [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) restores the matter to AO as the addition of unexplained investment deleted without verifying books of account. The assessee,Shri H....
![Addition of Unexplained Investment deleted without Verifying Books of Accounts: ITAT restores matter To AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/investment-books-of-accounts-ITAT-AO-taxscan.jpeg "Addition of Unexplained Investment deleted without Verifying Books of Accounts: ITAT restores matter To AO [Read Order]")
![Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Business-loss-AO-books-of-accounts-ITAT-taxscan.jpg "Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT [Read Order]")
Cash Deposits during Demonetization Period: No Addition if AO Accepted Documents and BoA containing Cash Credits, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench held that addition in respect of unexplained cash credit under sections 68 and 69A of the Income Tax Act, 1961 cannot be made when documents...
![Cash Deposits during Demonetization Period: No Addition if AO Accepted Documents and BoA containing Cash Credits, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-books-of-account-AO-ITAT-taxscan.jpeg "Cash Deposits during Demonetization Period: No Addition if AO Accepted Documents and BoA containing Cash Credits, rules ITAT [Read Order]")
Income Tax Dept tightens Rules for Trusts: Books of Accounts to be Maintained to claim Exemption [Read Notification]
In a move to tighten the rules for the Trusts and curb tax evasion, the Central Board of Direct Taxes (CBDT) has notified a list of documents to get the list of documents to avail the income tax...
![Income Tax Dept tightens Rules for Trusts: Books of Accounts to be Maintained to claim Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Dept-Trusts-Books-of-Accounts-Exemption-taxscan.jpg "Income Tax Dept tightens Rules for Trusts: Books of Accounts to be Maintained to claim Exemption [Read Notification]")
Transfer between Two Cost Centers of same entity for Monetary Value construct Supply, Ola Electric Technologies liable to GST: AAR [Read Order]
In the case of Ola Electric Technologies Private Limited, Tamil Nadu Authority for Advance Ruling (AAR) has ruled that the transfer between two cost centers of the same entity for monetary value...
![Transfer between Two Cost Centers of same entity for Monetary Value construct Supply, Ola Electric Technologies liable to GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/cost-centers-construct-supply-Ola-electric-technologies-GST-AAR-taxscan.jpeg "Transfer between Two Cost Centers of same entity for Monetary Value construct Supply, Ola Electric Technologies liable to GST: AAR [Read Order]")