![Failure to prove source of cash deposit in Canara Bank by assessee and Income Tax department:Â ITAT directs AO to Reduce Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/source-of-cash-deposit-Canara-Bank-Income-Tax-department-ITAT-AO-taxscan.jpg "Failure to prove source of cash deposit in Canara Bank by assessee and Income Tax department:Â ITAT directs AO to Reduce Addition [Read Order]")
Failure to prove source of cash deposit in Canara Bank by assessee and Income Tax department:Â ITAT directs AO to Reduce Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, directed the Assessing Officer to reduce the addition due to the failure to prove the source...
![Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Compliance-Notice-appeal-proceedings-ITAT-Deposit-Cost-PM-Relief-Fund-TAXSCAN-.jpg "Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]")
Partial Relief to Canara Bank: ITAT directs matter to AO to examine Form No 15G and 15H of depositor to whom Interest is paid [Read Order]
In a Partial Relief to Canara Bank, the Income Tax Appellate Tribunal (ITAT) directed the matter to AO to examine Form No 15G and 15H of depositors to whom interest is paid. The Assessee, Canara...
![Partial Relief to Canara Bank: ITAT directs matter to AO to examine Form No 15G and 15H of depositor to whom Interest is paid [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Canara-Bank-ITAT-AO-Form-No-15G-Taxscan.jpg "Partial Relief to Canara Bank: ITAT directs matter to AO to examine Form No 15G and 15H of depositor to whom Interest is paid [Read Order]")
Delhi High Court stays attachment of Deccan Chronicles Properties in ED Proceedings on plea of Union Bank of India [Read Order]
The Delhi High Court on the plea of Union Bank of India stayed Attachment of Deccan Chronicles Properties in Proceedings before Directorate of Enforcement (ED). The Petitioner, Union Bank of India...
Centre places private-sector lender Lakshmi Vilas Bank under a moratorium and restricts withdrawals of more than Rs.25,000 [Read Notification]
The Centre has placed private-sector lender Lakshmi Vilas Bank Ltd. under a moratorium and has restricted withdrawals of more than Rs.25,000 for one month till December 16, 2020. The step was...
![Centre places private-sector lender Lakshmi Vilas Bank under a moratorium and restricts withdrawals of more than Rs.25,000 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/private-sector-lender-Lakshmi-Vilas-Bank-moratorium-withdrawals-Taxscan.jpg "Centre places private-sector lender Lakshmi Vilas Bank under a moratorium and restricts withdrawals of more than Rs.25,000 [Read Notification]")
![TDS on LTA to Employees: ITAT deletes penalty for failure to deduct TDS against Canara Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-deletes-LTA-Employees-Penalty-failure-deduct-TDS-Syndicate-Bank-Canara-Bank-Taxscan.jpg "TDS on LTA to Employees: ITAT deletes penalty for failure to deduct TDS against Canara Bank [Read Order]")
Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]
The Madras High Court held that the Assessing Officer (AO) rightly disallowed depreciation on the purchase of windmill. The assessee, V. Sabitamani an individual filed for return of income for the...
![Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Assessing-Officer-Madras-High-Court-windmill-Taxscan.jpg "Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]")
If Amount written on Instrument is ‘absurd’, it can’t be called ‘Cheque’, doesn’t attract any legal consequence: Delhi Court
The Patiala House court Delhi held that the cheque is invalid on the face of it because of uncertainty as to the amount written in words. If the amount written on the Instrument is ‘absurd’, it can...
