![Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bank-Charges-Loan-Revenue-Expenditure-ITAT-TAXSCAN.jpg "Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]")
Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) recently held that bank charge paid for obtaining loan was revenue expenditure. Assessee...
![Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Share-Subscription-Unexplained-Cash-Credit-Unexplained-Cash-Cash-Credit-ITAT-Taxscan.jpg "Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]")
![Addition u/s 68 will sustain when Assessee failed to prove genuineness of Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/cash-credit-ITAT-taxscan.jpg "Addition u/s 68 will sustain when Assessee failed to prove genuineness of Cash Credit: ITAT [Read Order]")
![ITAT upholds Addition for Unexplained Cash Credit due to Failure to prove Genuineness of Transaction using Demonetized Currencies [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Unexplained-Cash-Credit-Transaction-Demonetized-Currencies-taxscan.jpg "ITAT upholds Addition for Unexplained Cash Credit due to Failure to prove Genuineness of Transaction using Demonetized Currencies [Read Order]")
![Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/unexplained-cash-sustainable-primary-onus-sufficient-evidence-ITAT-Taxscan.jpg "Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]")
![SARFAESI Act has an Overriding Effect on the provisions of VAT Act: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/SARFAESI-Act-HPVAT-HC-Taxscan.jpeg "SARFAESI Act has an Overriding Effect on the provisions of VAT Act: Himachal Pradesh HC [Read Order]")
![Arrears of Interest already offered to Tax cannot be treated as Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Arrears-of-Interest-Tax-Arrears-Cash-Credit-ITAT-ITAT-Mumbai-Taxscan.jpeg "Arrears of Interest already offered to Tax cannot be treated as Cash Credit: ITAT [Read Order]")
Principles governing Cash Credit cannot be extended to Unexplained Investments: Telangana High Court [Read Order]
The Telangana High Court has held that principles governing cash credit cannot be extended to unexplained investments. The appellant, Kishan Kothwal submitted that he had deposited only Rs.10...
![Principles governing Cash Credit cannot be extended to Unexplained Investments: Telangana High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/unexplained-investments-investments-cash-credit-Telangana-High-Court-Principles-governing-Taxscan.jpg "Principles governing Cash Credit cannot be extended to Unexplained Investments: Telangana High Court [Read Order]")
Gujarat HC issues Notice to GST Dept. on plea challenging Provisional Attachment of Cash Credit account running [Read Order]
The Gujarat High Court has issued the notice to the Axis Bank on a plea challenging the provisional attachment of cash credit account running. The petitioner, Manish Scrap Industries has assailed...
![Gujarat HC issues Notice to GST Dept. on plea challenging Provisional Attachment of Cash Credit account running [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Gujarat-High-Court-Notice-GST-Department-plea-challenging-provisional-attachment-cash-credit-account-Taxscan.jpg "Gujarat HC issues Notice to GST Dept. on plea challenging Provisional Attachment of Cash Credit account running [Read Order]")
Attachment would be Limited to the Amounts lying Cash Credit Account: Punjab & Haryana HC [Read Order]
The High Court of Punjab and Haryana directed that the attachment would be limited to the amounts which were lying to the credit of the petitioner in Cash Credit Account, at the time of freezing and...
![Attachment would be Limited to the Amounts lying Cash Credit Account: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/Cash-Credit-GST-Taxscan.jpg "Attachment would be Limited to the Amounts lying Cash Credit Account: Punjab & Haryana HC [Read Order]")
Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that a Firm cannot be assessed for the unexplained cash credit under Section 68 of the Income Tax Act, 1961 in respect of the capital...
![Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]")