![Income Already Taxed cannot be Treated Again as Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Unexplained-Cash-Credit-ITAT-TAXSCAN.jpg "Income Already Taxed cannot be Treated Again as Unexplained Cash Credit: ITAT [Read Order]")
Income Already Taxed cannot be Treated Again as Unexplained Cash Credit: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)held that income already taxed cannot be treated again as unexplained cash credit. ...
![Service Tax Not Payable on Interest Income from Overdraft/Cash Credit Facilities: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Service-Tax-Interest-Income-from-Overdraft-Cash-Credit-CESTAT-TAXSCAN-1.jpg "Service Tax Not Payable on Interest Income from Overdraft/Cash Credit Facilities: CESTAT [Read Order]")
![Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-ITR-Income-Tax-Income-Tax-Return-Loan-Unsecured-Loan-taxscan.jpg "Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]")
![ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Submission-of-Requisite-Documents-taxscan.jpg "ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]")
Incriminating Evidence to Prove Commission of Money Laundering Offence under PMLA Act: Delhi HC Dismisses Bail Application [Read Order]
The Delhi High Court dismissed the bail application since there was incriminating evidence to prove the commission of a money laundering offence under the Prevention of Money Laundering Act, 2002 (...
ITAT Quashes reassessment proceedings framed on information received from DDIT due to Non Application of mind by AO [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench quashed reassessment proceedings framed on information received from the DDIT due to non application of mind by the assessing officer. The...
![ITAT Quashes reassessment proceedings framed on information received from DDIT due to Non Application of mind by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-mumbai-ddit-reassessment-proceedings-quashed-reassessment-proceedings-non-Application-of-mind-by-Assessing-officer-taxscan.jpg "ITAT Quashes reassessment proceedings framed on information received from DDIT due to Non Application of mind by AO [Read Order]")
Credit Entries in Saving Account Cannot be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT quashes Reassessment Proceedings initiated based on Conjectures and Surmises [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that credit entries in the savings account in a bank could not be treated as unexplained cash credit under Section 68 of the Income Tax Act,...
![Credit Entries in Saving Account Cannot be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT quashes Reassessment Proceedings initiated based on Conjectures and Surmises [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Credit-Entries-in-Saving-Account-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-Reassessment-Proceedings-Conjectures-and-Surmises-TAXSCAN.jpg "Credit Entries in Saving Account Cannot be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT quashes Reassessment Proceedings initiated based on Conjectures and Surmises [Read Order]")
Sale Proceeds of Shares Credited in Bank Account Entered in Book of Accounts cannot be Treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that the sale proceeds of shares credited in bank accounts entered in the book of accounts could not be treated as unexplained cash...
![Sale Proceeds of Shares Credited in Bank Account Entered in Book of Accounts cannot be Treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Sale-proceeds-of-shares-credited-Bank-Account-entered-in-book-of-accounts-treated-as-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Sale Proceeds of Shares Credited in Bank Account Entered in Book of Accounts cannot be Treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Cash Deposit with Substantial Proof of Source Not to be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that the cash deposit made by the assessee with substantial proof of source shall not be treated as Unexplained Cash Credit under...
![Cash Deposit with Substantial Proof of Source Not to be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposit-with-Substantial-Proof-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Cash Deposit with Substantial Proof of Source Not to be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Absence of Formal Loan Agreement or Repayment Schedule Does Not Justify Treating Unsecured Loan as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the absence of a formal loan agreement or repayment schedule does not justify treating the unsecured loan as unexplained cash...
![Absence of Formal Loan Agreement or Repayment Schedule Does Not Justify Treating Unsecured Loan as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/loan-agreement-unsecured-loan-unexplained-cash-credit-itat-income-tax-tax-absence-of-formal-loan-agreement-treating-unsecured-loan-as-unexplained-cash-credit-cash-credit-taxscan.jpg "Absence of Formal Loan Agreement or Repayment Schedule Does Not Justify Treating Unsecured Loan as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")