![ITAT Deletes ₹3 Crore Addition Made on Cash Deposits During Demonetization: Upholds Gold Jewellery Firm’s Sales as Genuine [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071228-itat-cash-deposit-income-tax-act-taxscan.webp "ITAT Deletes ₹3 Crore Addition Made on Cash Deposits During Demonetization: Upholds Gold Jewellery Firm’s Sales as Genuine [Read Order]")
ITAT Deletes ₹3 Crore Addition Made on Cash Deposits During Demonetization: Upholds Gold Jewellery Firm’s Sales as Genuine [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of a ₹3.02 crore addition made under Section 68 of the...
![Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070951-itat-mumbai-section-14a-disallowance-income-investments-taxscan.webp "Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]")
![Disallowance u/s 14A Cannot Be Added Back While Computing Book Profits u/s 115JB of Income Tax: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070742-disallowance-ao-taxscan.webp "Disallowance u/s 14A Cannot Be Added Back While Computing Book Profits u/s 115JB of Income Tax: ITAT [Read Order]")
![ITAT rejects Revenues Claim: ₹3.8 Crore Unaccounted Income Addition Based on Mere Name Similarity [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069422-itat-itat-raipur-unaccounted-income-addition-name-similarity-section-69a-income-tax-act-taxscan.webp "ITAT rejects Revenues Claim: ₹3.8 Crore Unaccounted Income Addition Based on Mere Name Similarity [Read Order]")
![Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/250x150_2068128-electricity-board-taxscan.webp "Market Value for S. 80-IA Deductions Should Be Based on Industrial Consumer Rate not Power Supplied to SEBs : Calcutta HC [Read Order]")
Kerala HC Stays Recovery Proceedings under Section 147, Pending Consideration of Delay Condonation and Stay Petition [Read Order]
The Kerala High Court has stayed recovery proceedings initiated under Section 147 read with Section 144B of the Income Tax Act, 1961, pending consideration of the petitioner's applications for...
![Kerala HC Stays Recovery Proceedings under Section 147, Pending Consideration of Delay Condonation and Stay Petition [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064375-kerala-highcourt-condonation-of-delay-stay-petition-taxscan.webp "Kerala HC Stays Recovery Proceedings under Section 147, Pending Consideration of Delay Condonation and Stay Petition [Read Order]")
![ITAT Remands Ex Parte Tax and Penalty Appeals citing delays and denied opportunity [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063743-itat-itat-experte-order-taxscan.webp "ITAT Remands Ex Parte Tax and Penalty Appeals citing delays and denied opportunity [Read Order]")
![ITAT orders fresh hearing for Ex Parte dismissal of Agricultural Income Tax case [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063723-agricultural-income-tax-case-taxscan.webp "ITAT orders fresh hearing for Ex Parte dismissal of Agricultural Income Tax case [Read Order]")
![Disallowance u/s 14A Inapplicable due to Absence of Exempt Income: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/07/500x300_2060606-itat-ruling-income-tax-tribunal-tax-disallowance-taxscan.webp "Disallowance u/s 14A Inapplicable due to Absence of Exempt Income: ITAT [Read Order]")
Unexplained Cash Credit on ₹31.15 Lakh Loan Repayment: ITAT Upholds Deletion Confirming Genuine Repayment Through Banking Channels [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal against the addition of ₹31.15 lakh as unexplained cash credit, upholding the deletion by the Commissioner...
![Unexplained Cash Credit on ₹31.15 Lakh Loan Repayment: ITAT Upholds Deletion Confirming Genuine Repayment Through Banking Channels [Read Order]](https://images.taxscan.in/h-upload/2025/07/07/500x300_2060517-unexplained-cash-credit.webp "Unexplained Cash Credit on ₹31.15 Lakh Loan Repayment: ITAT Upholds Deletion Confirming Genuine Repayment Through Banking Channels [Read Order]")
Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) [CIT(A)] which denied rebate claim under section 87A due to the omission in...
![Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]](https://images.taxscan.in/h-upload/2025/07/03/500x300_2058410-tax-rebate.webp "Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]")
No Bar on Retaining Cash for Reasonable Period if Source Traceable: ITAT Quashes Cash Deposit Addition During Demonetisation in absence of Corroborative Evidence [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that there is no legal bar on an assessee retaining cash for a reasonable period if the source of the funds is traceable and...
![No Bar on Retaining Cash for Reasonable Period if Source Traceable: ITAT Quashes Cash Deposit Addition During Demonetisation in absence of Corroborative Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057044-site-img30-.webp "No Bar on Retaining Cash for Reasonable Period if Source Traceable: ITAT Quashes Cash Deposit Addition During Demonetisation in absence of Corroborative Evidence [Read Order]")