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![Difference between Average Sale Rate and Actual Transaction Value shall be treated as “On-Money”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Average-Sale-Rate-Actual-Transaction-Value-On-Money-ITAT-taxscan.jpg "Difference between Average Sale Rate and Actual Transaction Value shall be treated as “On-Money”: ITAT [Read Order]")
Difference between Average Sale Rate and Actual Transaction Value shall be treated as “On-Money”: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the difference between the average sale rate and the actual transaction value...
![Jewellery found during Survey Proceedings are Gifts from Mother-In-Law as Stridhan: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Jewellery-Survey-Proceedings-Stridhan-ITAT-deletes-Addition-INCOME-TAX-INCOME-TAX-ACT-Gifts-from-Mother-In-Law-TAXSCAN-1.jpg "Jewellery found during Survey Proceedings are Gifts from Mother-In-Law as Stridhan: ITAT deletes Addition [Read Order]")
![Addition Against Housewife for having Deposit of Rs.2,40,000/- during Demonetization Period is Against CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Addition-Housewife-Deposit-Demonetization-Period-CBDT-Circular-ITAT-Income-Tax-taxscan.jpg "Addition Against Housewife for having Deposit of Rs.2,40,000/- during Demonetization Period is Against CBDT Circular: ITAT [Read Order]")
![ITAT grants benefit of CBDT Instruction with regard to Jewellery of Grand Mother [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-CBDT-Instruction-Jewellery-Grand-Mother-TAXSCAN.jpg "ITAT grants benefit of CBDT Instruction with regard to Jewellery of Grand Mother [Read Order]")
![Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Depreciation-CBDT-Instruction-CBDT-Books-of-Account-ITAT-taxscan.jpg "Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]")
CBDT issues Revised Instruction for Constitution and Functioning of Local Committees to deal with Taxpayers’ grievances due to High-pitched Scrutiny Assessment [Read Circular]
In line with CBDT’s policy and commitment towards providing enhanced taxpayers’ services and reduce taxpayers’ grievances, CBDT has issued revised Instruction for constitution and functioning of...
Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]
While applying a liberal approach to interpret the CBDT circular imposing restrictions on the seizure of jewellery, the Income Tax Appellate Tribunal (ITAT), Indore bench has held that the silver...
![Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Silver-Articles-Taxscan.jpg "Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]")
![E-Assessment: CBDT Asks AOs to Use Revised Format of Notice u/s 142(1)(ii)&(iii) [Read Letter]](https://www.taxscan.in/wp-content/uploads/2018/03/Revised-Format-Taxscan.jpg "E-Assessment: CBDT Asks AOs to Use Revised Format of Notice u/s 142(1)(ii)&(iii) [Read Letter]")