![Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Cash-Deposit-Demonetization-ITAT-Cash-Balance-Taxscan.jpg "Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]")
Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]
Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) partially upholds the addition in the absence of statement of affairs for justifying the...
![Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Proof-Cash-deposit-deposit-Demonetization-Cash-taxscan-.jpg "Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]")
![No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Deposit-Bank-Account-Addition-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]")
![Addition u/s 68 based on Cash Deposit not allowable in the Absence of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Addition-Cash-Deposit-not-allowable-in-the-Absence-of-Corroborative-Evidence-ITAT-TAXSCAN.jpg "Addition u/s 68 based on Cash Deposit not allowable in the Absence of Corroborative Evidence: ITAT [Read Order]")
![Cash Deposit of Demonetized Notes Not Legally Prohibited till 31st December 2016: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cash-Deposit-of-Demonetized-Notes-Cash-Deposit-Demonetized-Notes-ITAT-taxscan-taxnews.jpg "Cash Deposit of Demonetized Notes Not Legally Prohibited till 31st December 2016: ITAT Deletes Addition [Read Order]")
No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that Income Tax Addition for cash deposits duly explained with cash flow statements is not permissible. Smt. Perminder Kaur...
![No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Cash-Deposit-Demonetization-Cash-Flow-Statement-ITAT-taxscan.jpg "No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]")
Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad deleted addition of Six Lakhs as there was satisfactory evidence as to source of cash deposit. The sole issue in the present appeal relates to...
![Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Cash-Deposit-ITAT-Income-Tax-Addition-taxscan.jpeg "Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]")
Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT)has held that addition to a cash deposit is not allowable when additional evidence explaining the source is submitted by the assessee. Dr...
![Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/cash-deposit-additional-evidence-assessee-ITAT-taxscan-.jpeg "Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]")
Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once He attained Majority: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT), while deleting an addition for cash deposit, has held that the clubbing of income under the provisions of the Income Tax Act, 1961 is...
![Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once He attained Majority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Father-Cash-Deposit-Bank-Account-Son-ITAT-taxscan.jpg "Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once He attained Majority: ITAT [Read Order]")
![Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposit-Firm-Personal-Income-Partner-ITAT-Taxscan.jpg "Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]")
Customary Practice of NRI Providing Cash to Parents not 'Suspicious': ITAT deletes Cash Deposit by NRI out of Savings of Family Members
The Income Tax Appellate Tribunal (ITAT), Chennai bench comprising Shri Mahavir Singh (Vice President) and Shri Manoj Kumar Aggarwal, (AM) has recently deleted an addition against a non-resident...
Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that cash deposit by a real estate agent is sustainable, not confirmed by an investor or builder. The appellant, Mayank Kumar Garg,...
![Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposit-Real-Estate-Agent-Investor-Builder-ITAT-taxscan.jpg "Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]")