![Concealment of particulars of Income not proved: ITAT grants relief to Axis Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Concealment-income-ITAT-Axis-Bank-taxscan.jpeg "Concealment of particulars of Income not proved: ITAT grants relief to Axis Bank [Read Order]")
Concealment of particulars of Income not proved: ITAT grants relief to Axis Bank [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Annapurna Gupta, Accountant Member and Mahavir Prasad, Judicial Member granted...
![Document to Substantiate Purchase Expenses Lost in Flood: Madras HC upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Document-Purchase-Expenses-Flood-Madras-HC-taxscan.jpg "Document to Substantiate Purchase Expenses Lost in Flood: Madras HC upholds Addition [Read Order]")
![Cessation of liability u/s 41(1) not charged, even absence of write-off of outstanding liabilities in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/liability-outstanding-liabilities-books-of-account-ITAT-taxscan.jpeg "Cessation of liability u/s 41(1) not charged, even absence of write-off of outstanding liabilities in Books of Account: ITAT [Read Order]")
![Amounts Credited in Books of Accounts Lack Genuineness: ITAT upholds Addition made u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Amounts-Books-of-Accounts-ITAT-taxscan.jpg "Amounts Credited in Books of Accounts Lack Genuineness: ITAT upholds Addition made u/s 68 [Read Order]")
![Service Tax is not payable until consideration is received: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Service-Tax-payable-ITAT-Taxscan.jpeg "Service Tax is not payable until consideration is received: ITAT [Read Order]")
![Assessee failed to prove Creditworthiness of Creditors: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-Creditworthiness-Creditors-ITAT-taxscan.jpeg "Assessee failed to prove Creditworthiness of Creditors: ITAT upholds Addition u/s 68 [Read Order]")
Salary paid Outside the Books of Account cannot be considered as Concealed Profit, No Addition to Income sustained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench comprising Shri N K Saini, vice president & Shri Sudhanshu Srivastava, has held that salary paid outside the books of account cannot be...
![Salary paid Outside the Books of Account cannot be considered as Concealed Profit, No Addition to Income sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Salary-book-of-account-profit-income-ITAT-taxscan.jpg "Salary paid Outside the Books of Account cannot be considered as Concealed Profit, No Addition to Income sustained: ITAT [Read Order]")
Re-Assessment Order passed in Cryptical Manner: Madras HC revises Single Bench Decision, asks AO to pass a Speaking Order
The division bench of Madras High Court in the issue of passing re-assessment order in cryptical manner has revises single bench decision and asks Assessing Officer to pass a speaking order. The...
Digital Data recovered during Search has Evidentiary Value, can be relied on to Make Addition: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the digital data recovered by the income tax department during the search proceedings has evidentiary value under the...
![Digital Data recovered during Search has Evidentiary Value, can be relied on to Make Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Digital-Data-Evidentiary-Value-Addition-ITAT-Taxscan.jpeg "Digital Data recovered during Search has Evidentiary Value, can be relied on to Make Addition: ITAT [Read Order]")
Mismatch in BoA and Form 26AS: ITAT restricts Addition only on Embedded Portion of Profit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi has held that the addition due to mismatch between the Books of Accounts and Form 26AS can be made only on the embedded portion of the profit. The...
![Mismatch in BoA and Form 26AS: ITAT restricts Addition only on Embedded Portion of Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Boa-Form-26AS-ITAT-Profit-taxscan.jpeg "Mismatch in BoA and Form 26AS: ITAT restricts Addition only on Embedded Portion of Profit [Read Order]")
Addition merely based on Oath made during Survey is Invalid without Supporting Evidence: ITAT [Read Order]
The ITAT, Kolkata bench has held that the addition made on the basis of statement made on oath by the assessee during the course of survey cannot be the sole reason for income tax addition unless the...
![Addition merely based on Oath made during Survey is Invalid without Supporting Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Addition-Oath-Survey-Supporting-Evidence-ITAT-taxscan.jpg "Addition merely based on Oath made during Survey is Invalid without Supporting Evidence: ITAT [Read Order]")