Begin typing your search above and press return to search.
![No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]")
No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that if cash was received from brother and father of the assessee to meet...
![Cash Loans above the limits prescribed in Income Tax Act has Legal Sanctity: Delhi HC allows Money Recovery Suit [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Cash-Payments.jpg "Cash Loans above the limits prescribed in Income Tax Act has Legal Sanctity: Delhi HC allows Money Recovery Suit [Read Judgment]")
![Cash Transaction between Close Family Members for giving a support and help not amount to ‘Loan’ u/s 269SS: ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Cash Transaction between Close Family Members for giving a support and help not amount to ‘Loan’ u/s 269SS: ITAT Deletes Penalty [Read Order]")
Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that amounts received by the assessee from the firm as a beneficiary cannot be treated as unexplained for the purpose of...
![Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]")
