![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]")
Addition Against Housewife for having Deposit of Rs.2,40,000/- during Demonetization Period is Against CBDT Circular: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, ruled that addition made against housewife for...
![AO failed to Conduct Investigation regarding Cash Deposits during Demonetization Period: ITAT Upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/AO-Investigation-Cash-Deposits-Demonetization-Period-ITAT-Revision-Order-Taxscan.jpg "AO failed to Conduct Investigation regarding Cash Deposits during Demonetization Period: ITAT Upholds Revision Order [Read Order]")
![Addition of Sundry Debtors/Advance to Growers cannot be made u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Sundry-Debtors-Addition-of-Sundry-Debtors-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Addition of Sundry Debtors/Advance to Growers cannot be made u/s 68 of Income Tax Act: ITAT [Read Order]")
![ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Cash-Deposits-Demonetization-Period-Demonetization-Proper-Explanation-Taxscan.jpg "ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]")
![SOP Issued by CBDT shall be followed while Making Addition in respect of Cash Deposits During Demonetization: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/SOP-CBDT-Addition-Cash-Deposits-Demonetization-ITAT-Taxscan.jpg "SOP Issued by CBDT shall be followed while Making Addition in respect of Cash Deposits During Demonetization: ITAT [Read Order]")
Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]
Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) partially upholds the addition in the absence of statement of affairs for justifying the closing cash balance. The assessee filed a return...
![Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Cash-Deposit-Demonetization-ITAT-Cash-Balance-Taxscan.jpg "Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]")
Inflated Sales during Demonetization Period to be Computed After Considering Average Sales of Prior One Year: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) recently held that inflated sales during demonetization period to be computed after considering average sales of prior one year. The...
![Inflated Sales during Demonetization Period to be Computed After Considering Average Sales of Prior One Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Average-Sales-Demonetization-ITAT-Income-Tax-Tax-taxscan.jpg "Inflated Sales during Demonetization Period to be Computed After Considering Average Sales of Prior One Year: ITAT [Read Order]")
![Cash Deposits can be Accepted during Demonetization Period If Source is Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Cash-Deposits-Demonetization-Demonetization-Period-Source-ITAT-Taxscan.jpg "Cash Deposits can be Accepted during Demonetization Period If Source is Explained: ITAT [Read Order]")
Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) held that the burden of proof is on the assessee to establish genuineness of deposit during the demonetization period. The present...
![Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deposit-Demonetization-ITAT-Burden-of-Proof-Income-tax-taxscan.jpg "Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]")
![Deposit of Cash kept for Medical Emergency Post- Demonetization: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deposit-of-Cash-kept-for-Medical-Emergency-Post-Demonetization-ITAT-Addition-Taxscan.jpg "Deposit of Cash kept for Medical Emergency Post- Demonetization: ITAT deletes Addition [Read Order]")
Demonetization through Gazatte Notification is Illegal: Know More About Dessenting Judgment by Justice Nagarathna [Read Order]
In a strong dissenting judgment against the majority view of the Supreme Court, Justice BV Nagarathna expressed that the notes ban initiated by the Centre "vitiated and unlawful" and the...
