![Cash Deposits out of Business of Shroff cannot be Treated as Undisclosed Income U/S 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposits-Business-Shroff-Undisclosed-Income-ITAT-Taxscan.jpg "Cash Deposits out of Business of Shroff cannot be Treated as Undisclosed Income U/S 68: ITAT [Read Order]")
Cash Deposits out of Business of Shroff cannot be Treated as Undisclosed Income U/S 68: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Rajkot Bench presided by Ms. Annapurna Gupta, Accountant Member And Shri TR Senthil Kumar, Judicial Member...
![Cash Loan from Father’s Proprietary Concern does not attract S. 269SS and Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Loan-Penalty-ITAT-taxscan.jpg "Cash Loan from Father’s Proprietary Concern does not attract S. 269SS and Penalty: ITAT [Read Order]")
![Addition u/s 69 cant make without considering Corroborative Evidence, an opportunity to hear must be given: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-corroborative-evidence-opportunity-ITAT-Taxscan.jpeg "Addition u/s 69 cant make without considering Corroborative Evidence, an opportunity to hear must be given: ITAT [Read Order]")
![Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Deposit-Demonetization-ITAT-ITAT-Chennai-Cash-in-Hand-Taxscan.jpeg "Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]")
![Addition of Part of Cash Deposit to Total Income on Surmises and Conjectures: ITAT upholds deletion of Addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Addition-Cash-Deposit-Total-Income-ITAT-taxscan.jpeg "Addition of Part of Cash Deposit to Total Income on Surmises and Conjectures: ITAT upholds deletion of Addition u/s 69A [Read Order]")
Cash Deposit arising out of Sale of Agricultural Land cannot be treated as Unexplained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, while allowing an appeal of the assessee, held that the cash deposit arising out of sale of agricultural land cannot be treated as unexplained...
![Cash Deposit arising out of Sale of Agricultural Land cannot be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Cash-Deposit-Sale-of-Agricultural-Land-Unexplained-ITAT-Taxscan.jpg "Cash Deposit arising out of Sale of Agricultural Land cannot be treated as Unexplained: ITAT [Read Order]")
![NRI couldn’t Prove Source of Cash Deposit during Demonetization: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/NRI-Cash-Deposit-Demonetization-ITAT-NRI-taxscan.jpeg "NRI couldn’t Prove Source of Cash Deposit during Demonetization: ITAT upholds Addition [Read Order]")
Loss on Forfeiture of Deposit on Surrender of Industrial Plot is Capital Loss: Delhi High Court [Read Judgment]
A two-judge bench of the Delhi High Court has held that the loss occurred on the forfeiture of deposit/ advances suffered by the assessee- Company while surrendering the industrial plot cannot be...
![Loss on Forfeiture of Deposit on Surrender of Industrial Plot is Capital Loss: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/Security-Deposit-Delhi-High-Court-Taxscan.jpg "Loss on Forfeiture of Deposit on Surrender of Industrial Plot is Capital Loss: Delhi High Court [Read Judgment]")
No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]
The Delhi High Court annulling the decisions of Income Tax Appellate Tribunal (ITAT) and Commissioner of Income Tax (Appeals) held that if there is a delay in depositing withdrawn cash to the...
![No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]")
Deposits exceeds ₹ 5,000 in old ₹ 500 & ₹ 1,000 notes can be made only once per account till Dec 30: RBI [Read Notification]
Yet another move to curb Black Money, the Reserve Bank of India today said in a notification, deposits exceeding Rs 5000 in old 500 and 1000 notes can be made only once per account till december 30,...
Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]
The Kolkata division of Income Tax Appellate Tribunal, has recently ruled that the cash deposit made by the assessee for the purchase of stock-in-trade cannot be disallowed u/s 40a(3) of the Income...
![Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Cash-deposit-min.jpg "Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]")