![No Proof of Payment from Debtor: Delhi HC upholds Income Tax Deduction of Bad Debts u/s 36(1)(vii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Payment-Debtor-Delhi-HC-Deduction-Bed-Debts-taxscan.jpg "No Proof of Payment from Debtor: Delhi HC upholds Income Tax Deduction of Bad Debts u/s 36(1)(vii) [Read Order]")
No Proof of Payment from Debtor: Delhi HC upholds Income Tax Deduction of Bad Debts u/s 36(1)(vii) [Read Order]
The division bench of the Delhi High Court has held that there was no proof of payment from the debtor and upholds deduction of bad debts u/s...
![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]")
![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]
The Mumbai Bench of Income Tax Appellate Tribunal presided by Mr. Prashant Maharishi, AMand Mr. Sandeep Singh Karhail, JM has held that amounts credited in books of accounts lack genuineness and...
![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]")