![Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Savings-HUF-Members-Deposits-Demonetization-ITAT-Income-Tax-Addition-taxscan.jpeg "Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [Read Order]")
Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench deleted Income Tax Addition on the ground that the explanation was past savings of HUF and...
![Addition of Unexplained Cash u/s 69 is not sustainable when the Genuineness of Transaction proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unexplained-cash-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash u/s 69 is not sustainable when the Genuineness of Transaction proved: ITAT [Read Order]")
![Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deposit-Cash-Sales-Demonetization-ITAT-Taxscan.jpg "Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]")
![Money received from House Rent and Agricultural Land deposited during Demonetization wont attract Addition u/s 69: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Money-House-Rent-Agricultural-Land-deposit-demonetization-ITAT-taxscan.jpeg "Money received from House Rent and Agricultural Land deposited during Demonetization wont attract Addition u/s 69: ITAT [Read Order]")
![Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Deposit-Demonetization-ITAT-ITAT-Chennai-Cash-in-Hand-Taxscan.jpeg "Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]")
Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]
Quashing a revision order passed under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the scope of limited scrutiny is confined to its...
![Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Scrutiny-ITAT-Assessment-Cash-Deposits-Demonetization-taxscan.jpg "Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]")
Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has deleted an addition of around 7 lakhs on account of cash deposit during demonetization against the assessee, a...
![Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Medical-Emergencies-ITAT-Cash-Deposit-Demonetization-taxscan.jpg "Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]")
![NRI couldn’t Prove Source of Cash Deposit during Demonetization: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/NRI-Cash-Deposit-Demonetization-ITAT-NRI-taxscan.jpeg "NRI couldn’t Prove Source of Cash Deposit during Demonetization: ITAT upholds Addition [Read Order]")
No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]
While deleting an addition against a Cost Accountant, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the same cannot be made against an Individual who is earning income...
![No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Demonetization-Salaried-Person-ITAT-Cost-Accountant-taxscan.jpg "No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]")
Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]
In a significant ruling granting major relief to all the house-wives in the country, the Income Tax Appellate Tribunal (ITAT), Agra bench consisting of Judicial Member Lalit Kumar and the Accountant...
![Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/House-Wives-ITAT-Cash-Deposits-Demonetization-Taxscan.jpg "Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]")
Dept can't make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench ruled that no cash inflow involved due to demonetization as the assessee explains the reason for huge sales with evidence. The...
![Dept cant make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Scrapped-Currencies-Post-Demonetization-ITAT-Jewellery-Taxscan.jpg "Dept cant make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]")