![ITAT Orders Re adjudication of Cash Deposits in Biscuit and Confectionery Business During Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Re-adjudication-Cash-Deposits-Biscuit-Confectionery-Business-Demonetization-taxscan.jpg "ITAT Orders Re adjudication of Cash Deposits in Biscuit and Confectionery Business During Demonetization [Read Order]")
ITAT Orders Re adjudication of Cash Deposits in Biscuit and Confectionery Business During Demonetization [Read Order]
The two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) directed re adjudication regarding the cash deposited during the...
![Cash generated from Sales and duly recorded in Books of Account cant be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Cash-generated-Sales-and-duly-Books-of-Account-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Cash generated from Sales and duly recorded in Books of Account cant be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
![Assessee adopted an Evasive/lackadaisical Approach and didnt Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Evasive-lackadaisical-Approach-Participate-Assessment-Proceedings-ITAT-Addition-Income-Tax-Act-TAXSCAN.jpg "Assessee adopted an Evasive/lackadaisical Approach and didnt Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]")
![Undisputed Source of Cash Deposits in Bank Account during Demonetization: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Undisputed-Source-of-Cash-Deposits-Source-of-Cash-Deposits-Bank-Account-ITAT-deletes-Income-Tax-Addition-ITAT-taxscan.jpg "Undisputed Source of Cash Deposits in Bank Account during Demonetization: ITAT deletes Income Tax Addition [Read Order]")
Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT), while re-directing adjudication of an income tax appeal observed that the burden to prove that the large volume of cash deposit as a gift...
![Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Large-Volume-Cash-Deposit-Gift-Grandson-Born-Demonetization-Business-Man-ITAT-TAXSCAN.jpg "Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]")
ITAT treats Cash Deposit during Demonetization Period u/s 69A on Failure to Produce Documentary Evidence [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has treated the cash deposit made during the demonetisation period under Section 69A of the Income Tax Act 1961 on failure to produce the...
![ITAT treats Cash Deposit during Demonetization Period u/s 69A on Failure to Produce Documentary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-treats-Cash-Deposit-during-Demonetization-Period-Demonetization-ITAT-Cash-Deposit-Produce-Documentary-Evidence-taxscan.jpg "ITAT treats Cash Deposit during Demonetization Period u/s 69A on Failure to Produce Documentary Evidence [Read Order]")
![AO Must Verify Source of Cash Deposits Made During Demonetization Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/AO-Verify-Source-Cash-Deposits-Demonetization-Period-ITAT-taxscan.jpg "AO Must Verify Source of Cash Deposits Made During Demonetization Period: ITAT [Read Order]")
![Mere Suspicion Not Enough for Income Tax Dept to make Additions to Taxpayers Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mere-Suspicion-Suspicion-Income-Tax-Mere-Suspicion-Not-Enough-for-Income-Tax-Dept-taxscan.jpg "Mere Suspicion Not Enough for Income Tax Dept to make Additions to Taxpayers Income: ITAT [Read Order]")
Deposit Made as a Reserve Amount for Business During Demonetization Period not amount to Unexplained Income: ITAT Deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that deposits made as a reserve amount for the business during the demonetization period do not amount to unexplained income. The...
![Deposit Made as a Reserve Amount for Business During Demonetization Period not amount to Unexplained Income: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Demonetization-Unexplained-Income-Deposit-Made-as-a-Reserve-Amount-for-Business-taxscan.jpg "Deposit Made as a Reserve Amount for Business During Demonetization Period not amount to Unexplained Income: ITAT Deletes Addition [Read Order]")
Not Every Deposit during Demonetization Period will under category of Unaccounted Cash: ITAT directs Re-Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Bangalore Bench held that the payment of bonus made to employees before the due date of filing a return of income under Section 139(1) of Income Tax Act...
![Not Every Deposit during Demonetization Period will under category of Unaccounted Cash: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Not-Every-Deposit-during-Demonetization-Period-will-under-category-of-Unaccounted-Cash-Demonetization-ITAT-directs-Re-Adjudication-Re-Adjudication-ITAT-Unaccounted-Cash-Taxscan.jpg "Not Every Deposit during Demonetization Period will under category of Unaccounted Cash: ITAT directs Re-Adjudication [Read Order]")
ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that in the interest of justice and equity an opportunity should be granted to the assessee to prove the source of cash deposits and...
![ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Restores-Source-Cash-Deposited-Sale-Proceed-LPG-Cylinder-Demonetization-taxscan.jpg "ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]")