![Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Sale-Proceeds-of-Shares-Documentary-Evidence-ITAT-Addition-taxscan.webp "Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]")
Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 39.7 Lakhs after the proper explanation of sale proceeds of...
![Documentary Evidence is Sufficient for Claim of Income in ITR: Delhi HC Dismisses UPSRTC Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Documentary-Evidence-Sufficient-for-Claim-ITR-Delhi-HIGH-COURT-UPSRTC-Writ-Petition-TAXSCAN.jpg "Documentary Evidence is Sufficient for Claim of Income in ITR: Delhi HC Dismisses UPSRTC Writ Petition [Read Order]")
![Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-Furnish-Purchaser-Company-Confirmation-and-Documentary-Evidence-on-Conveyance-Deed-ITAT-upholds-Addition-on-Capital-Gain-on-Slump-Sale-of-Sugar-Unit-TAXSCAN-.jpg "Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]")
![ITAT directs AO to treat Building Expenditure part of Surrendered Income already disclosed during Survey as Business Income, sets aside application of S. 69 r.w.s 115BBE [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-AO-Building-Expenditure-Surrendered-Income-Survey-Business-Income-TAXSCAN.jpg "ITAT directs AO to treat Building Expenditure part of Surrendered Income already disclosed during Survey as Business Income, sets aside application of S. 69 r.w.s 115BBE [Read Order]")
![Failure to Explain Genuineness of Cash Payment for Purchase of Property by Firm: ITAT uphold Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Genuineness-Cash-Payment-Purchase-Property-Firm-ITAT-Income-Tax-TAXSCAN.jpg "Failure to Explain Genuineness of Cash Payment for Purchase of Property by Firm: ITAT uphold Income Tax Addition [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]")
Mismatch in contract receipts shown in P&L account and Form 26AS reconciled by Self speaking documentary evidence: ITAT deletes addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Mumbai Bench recently while deleting the addition made by the Assessing officer (AO) held that mismatch in contract receipts shown in profit and loss...
![Mismatch in contract receipts shown in P&L account and Form 26AS reconciled by Self speaking documentary evidence: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mismatch-Mismatch-in-contract-receipts-contract-receipts-PL-account-taxscan.jpg "Mismatch in contract receipts shown in P&L account and Form 26AS reconciled by Self speaking documentary evidence: ITAT deletes addition [Read Order]")
Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench held that the assessee failed to explain the credit card payments with supporting documentary evidences. Hence, the bench deleted the partial...
![Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-to-explain-Credit-Card-Payments-Supporting-Documentary-Evidence-ITAT-Deletes-partial-Addition-TAXSCAN.jpg "Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]")
No Addition can be Made if AO Failed to Discharge Secondary Onus of Disproving Documentary Evidences Filed by Assessee : ITAT Deletes Income Tax Addition
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer (AO), has failed to discharge the secondary onus of demolishing/disproving the genuineness of the...
Commissioner can Remand Matter to Lower Authority for Examining Documentary Evidence Regards to Unjust Enrichment: CESTAT rules in Favour of Indian Oil Corporation [Read Order]
Tin the case of Indian Oil Corporation, the Ahmedabad bench Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the Commissioner can remand the matter to a lower authority for...
![Commissioner can Remand Matter to Lower Authority for Examining Documentary Evidence Regards to Unjust Enrichment: CESTAT rules in Favour of Indian Oil Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Commissioner-Remand-Matter-to-Lower-Authority-Examining-Documentary-Evidence-Unjust-Enrichment-CESTAT-rules-in-Favour-of-Indian-Oil-Corporation-Indian-Oil-Corporation-CESTAT-taxscan.jpg "Commissioner can Remand Matter to Lower Authority for Examining Documentary Evidence Regards to Unjust Enrichment: CESTAT rules in Favour of Indian Oil Corporation [Read Order]")
Claim of Return of Stock from CD Without any Solid Documentary Evidence is invalid: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) has held that the claim return of stock from the Corporate Debtor (CD) without any solid documentary evidence is invalid. ...
![Claim of Return of Stock from CD Without any Solid Documentary Evidence is invalid: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Claim-of-Return-of-Stock-Return-of-Stock-from-CD-Solid-Documentary-Evidence-NCLAT-taxscan.jpg "Claim of Return of Stock from CD Without any Solid Documentary Evidence is invalid: NCLAT [Read Order]")
Insurance Claim on Remission of Duty cannot be Denied on Ground of Failure to Produce Documentary Evidence: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that insurance claim on remission of duty cannot be denied on the...
![Insurance Claim on Remission of Duty cannot be Denied on Ground of Failure to Produce Documentary Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Insurance-CESTAT-Ahmedabad-Documentary-Evidence-taxscan.jpg "Insurance Claim on Remission of Duty cannot be Denied on Ground of Failure to Produce Documentary Evidence: CESTAT [Read Order]")