![Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Deposit-Verification-of-Cash-Deposits-Repayment-Submissions-of-Assessee-ITAT-taxscan.jpg "Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]")
Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench cancelled the confirmation of additional amount without verifying the repayment and...
![No Evidence of Rental receipt from Property: ITAT sustain Addition on Cash Deposits into Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Rental-receipt-ITAT-Addition-Cash-Deposits-Bank-Account-taxscan.jpg "No Evidence of Rental receipt from Property: ITAT sustain Addition on Cash Deposits into Bank Account [Read Order]")
![Acceptance of Information by Assessee on Source of Cash Deposits by AO without enquiry: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Assessee-Cash-Deposits-AO-enquiry-ITAT-Revision-Order-taxscan.jpeg "Acceptance of Information by Assessee on Source of Cash Deposits by AO without enquiry: ITAT upholds Revision Order [Read Order]")
![Cash Deposits not Corroborated with Business Receipts or Cash Withdrawals: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposits-Business-Receipts-Cash-Withdrawals-ITAT-Taxscan.jpg "Cash Deposits not Corroborated with Business Receipts or Cash Withdrawals: ITAT upholds Addition u/s 68 [Read Order]")
![Provision of sec. 68 Cannot be Invoked where Assessee filed Income Tax Return u/s 44AD on Presumptive Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Return-of-Income-Presumptive-Basis-ITAT-taxscan.jpeg "Provision of sec. 68 Cannot be Invoked where Assessee filed Income Tax Return u/s 44AD on Presumptive Basis: ITAT [Read Order]")
Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]
Quashing a revision order passed under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the scope of limited scrutiny is confined to its...
![Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Scrutiny-ITAT-Assessment-Cash-Deposits-Demonetization-taxscan.jpg "Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]")
No Prohibition in NRI accepting Cash Gift from Relatives, Addition cannot be made merely stating that the practice is 'Unusual': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that there is no prohibition in law in accepting of cash gifts by NRIs from the family members and the addition cannot be made by...
![No Prohibition in NRI accepting Cash Gift from Relatives, Addition cannot be made merely stating that the practice is Unusual: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/NRI-Cash-Gift-unusual-ITAT-taxscan.jpeg "No Prohibition in NRI accepting Cash Gift from Relatives, Addition cannot be made merely stating that the practice is Unusual: ITAT [Read Order]")
Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]
In a significant ruling granting major relief to all the house-wives in the country, the Income Tax Appellate Tribunal (ITAT), Agra bench consisting of Judicial Member Lalit Kumar and the Accountant...
![Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/House-Wives-ITAT-Cash-Deposits-Demonetization-Taxscan.jpg "Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]")
Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench while deleting the addition held that the marriage Gifts/Cash received through Banking Channel cannot be treated as a source for Cash...
![Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Marriage-Gifts-Cash-received-through-Banking-Channel-Cash-Deposits-ITAT-Taxscan.jpg "Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]")
Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]
The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer cannot make an addition merely on the ground of the assessee made frequent withdrawal and deposit of his...
![Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Money-Laundering-Taxscan.jpg "Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]")
Cash Deposits Can’t be Assessed Unexplained When Cheque Deposits were Accepted as Business Turnover: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) in Income Tax Officer vs. Shaik Zameer, held that  cash deposits can’t be assessed unexplained when cheque deposits were accepted as business turnover. The...
![Cash Deposits Can’t be Assessed Unexplained When Cheque Deposits were Accepted as Business Turnover: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Cash-Deposits-Taxscan.jpg "Cash Deposits Can’t be Assessed Unexplained When Cheque Deposits were Accepted as Business Turnover: ITAT [Read Order]")
ITAT deletes Addition for Cash Deposits in Bank since Assessee had sufficient Cash in hand, says No Need to Tally Notes Withdrawn & Deposited [Read Order]
While hearing the case of Dy.C.I.T vs. Shri Sudhir Shankar Halwasiya, Lucknow bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition for cash deposits in Bank considering the fact that...
![ITAT deletes Addition for Cash Deposits in Bank since Assessee had sufficient Cash in hand, says No Need to Tally Notes Withdrawn & Deposited [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Cash-deposit-min.jpg "ITAT deletes Addition for Cash Deposits in Bank since Assessee had sufficient Cash in hand, says No Need to Tally Notes Withdrawn & Deposited [Read Order]")