![ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Assessing-Officer-ITAT-Directs-Income-Tax-Appellate-Tribunal-section-68-of-the-Income-Tax-Act-Confirming-Source-of-Investment-taxscan-2.jpg "ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]")
ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to delete the additions made under section 68...
![ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Deletes-Income-Tax-Appellate-Tribunal-unsecured-loans-Affirming-Validity-of-Sources-Validity-of-Sources-taxscan.jpg "ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]")
![No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Visakapatanam-Income-Tax-Income-Tax-Exemption-Commissioner-of-Income-Tax-Rejection-of-Income-Tax-Exemption-taxscan.jpg "No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]")
![Sales of ‘Kaccha Arahtia’ for Principal excluded from Turnover u/s 44AB: ITAT directs to Credit Entire TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Visakapatanam-Kaccha-Arahtia-Sales-of-Kaccha-Arahtia-TDS-Tax-Deducted-at-Source-Income-Tax-Section-44AB-of-Income-Tax-Act-taxscan.jpg "Sales of ‘Kaccha Arahtia’ for Principal excluded from Turnover u/s 44AB: ITAT directs to Credit Entire TDS [Read Order]")
![Cash Deposits made from Sale Proceeds: ITAT directs Deletion of S.69 Income Tax Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Cash-Deposits-Sale-Proceeds-ITAT-Deletion-Income-Tax-Additions-taxscan.jpg "Cash Deposits made from Sale Proceeds: ITAT directs Deletion of S.69 Income Tax Additions [Read Order]")
![ITAT Annual Digest [Part-43]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-analysis-Tax-review-2023-Income-Tax-taxscan.jpg "ITAT Annual Digest [Part-43]")
Contributions received for Charitable Purpose can't be treated as Income u/s 2(24) (iia) of Income Tax Act: ITAT allows Appeal [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) held that the contributions received for any charitable purposes cannot be treated as income under Section 2(24) (iia) of the...
![Contributions received for Charitable Purpose cant be treated as Income u/s 2(24) (iia) of Income Tax Act: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Contributions-received-for-Charitable-Purpose-treated-as-Income-Income-Tax-Act-ITAT-allows-Appeal-TAXSCAN.jpg "Contributions received for Charitable Purpose cant be treated as Income u/s 2(24) (iia) of Income Tax Act: ITAT allows Appeal [Read Order]")
Non Issuance of Proper Notice u/s 148 of Income Tax Act before Passing Assessment Order: ITAT Quashes Order [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal( ITAT) quashed the assessment order passed by the assessing officer for non-issuance of proper notice under section 148 of the Income Tax...
![Non Issuance of Proper Notice u/s 148 of Income Tax Act before Passing Assessment Order: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Issuance-of-Proper-Notice-Income-Tax-Act-before-Passing-Assessment-Order-ITAT-Quashes-Order-TAXSCAN.jpg "Non Issuance of Proper Notice u/s 148 of Income Tax Act before Passing Assessment Order: ITAT Quashes Order [Read Order]")
Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) held that the addition of unexplained capital will sustain in the absence of evidence to prove the source of capital. The...
![Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-Capital-ITAT-taxscan.jpeg "Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]")
![Mother-in-Law includable as Family Members: ITAT deletes Addition on Excess Gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Family-members-ITAT-Gold-taxscan.jpg "Mother-in-Law includable as Family Members: ITAT deletes Addition on Excess Gold [Read Order]")
![Addition of Unaccounted Sales is not sustained in absence of Cogent Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unaccounted-sales-cogent-material-ITAT-taxscan.jpg "Addition of Unaccounted Sales is not sustained in absence of Cogent Material: ITAT [Read Order]")
Receiving Advances for purpose of availing Credit facilities, cannot be considered as gratuitous payments U/s 2(22)(e) of the Income Tax Act: ITAT
Receiving advances for purpose of availing credit facilities, cannot be considered as gratuitous payments under Section 2(22)(e) of the Income Tax Act, so was held by the Income Tax appellate...
