![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]")
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...
![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]")
![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]")
![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]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition for unexplained cash credit due to failure to prove the genuineness of transaction using demonetized currencies ...
![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]
The addition of unexplained cash is not sustainable when the primary onus was discharged by sufficient evidence, the Mumbai bench of the Income Tax Appellate Tribunal(ITAT) set aside the order of...
![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]")
