![Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/bogus-purchases-ITAT-Taxscan.jpg "Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]")
Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that once Addition towards alleged bogus purchases made, additions of similar amounts...
![Long Term Capital Loss to be computed from Date of Possession of Property and not after Occupancy Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Long-term-capital-loss-Date-of-possession-of-Property-occupancy-certificate-ITAT-Taxscan.jpg "Long Term Capital Loss to be computed from Date of Possession of Property and not after Occupancy Certificate: ITAT [Read Order]")
![Disallowance can’t be made on Late deposit of ESI and EPF, if deposited before due date of Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ESI-EPF-ITR-ITAT-Taxscan.jpg "Disallowance can’t be made on Late deposit of ESI and EPF, if deposited before due date of Income Tax Return: ITAT [Read Order]")
Income Tax: No Penalty leviable if Addition made on Bogus Purchases is on estimated basis, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that penalty is not leviable if addition made on bogus purchases is on an estimated basis. The assessee, M/s. Toshvin Analytical...
Section 153C Assessment invalid if Revenue fails to discharge Onus to show incriminating material belongs to Assessee: ITAT grants relief to Karina Airlines [Read Order]
In a relief to Karina Airlines International, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Section 153C Assessment invalid if Revenue fails to discharge Onus to show...
Addition can't be made on Amount not yet received by Assessee for Non-fulfillment of obligations set out in Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the addition can not be made on the amount not yet received by the assessee for non-fulfillment of obligations set out in the sale...
![No Addition can be made on account of Unsecured Loans if assessee proves Genuineness: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/unsecured-loans-ITAT-Taxscan.jpg "No Addition can be made on account of Unsecured Loans if assessee proves Genuineness: ITAT [Read Order]")
TDS on Indirect Transfer of Capital Assets deriving Value substantially from Assets situate in India prior to Retrospective Amendments hit by Doctrine of Impossibility: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the TDS on indirect transfer of capital assets deriving value substantially from assets situated in India prior to retrospective...
ITAT deletes Addition as Registrar had charged Stamp Duty as per prevailing Market Value for Property [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the addition on the ground that the registrar had charged stamp duty as per prevailing market value for the property. The assessee,...
![ITAT deletes Addition as Registrar had charged Stamp Duty as per prevailing Market Value for Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-registrar-stamp-duty-market-value-for-the-property-taxscan.jpg "ITAT deletes Addition as Registrar had charged Stamp Duty as per prevailing Market Value for Property [Read Order]")
ITAT deletes Addition made on Pretext of Undisclosed Investments as No Independent Inquiry undertaken [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench deleted the addition made on the pretext of Undisclosed Investments as no independent inquiry was undertaken. The assessee, Charminar...
![ITAT deletes Addition made on Pretext of Undisclosed Investments as No Independent Inquiry undertaken [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-Undisclosed-Investments-independent-inquiry-Taxscan.jpg "ITAT deletes Addition made on Pretext of Undisclosed Investments as No Independent Inquiry undertaken [Read Order]")