Genuineness and Creditworthiness of Creditor proven with Bank Statement and Other Evidence, Income Addition u/s 68 not allowable: ITAT
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that income addition under section 68 of the Income Tax Act,1961 is not...
![Tax Exemption can’t be allowed in the absence of Evidence substantiating Claim of Reimbursement of Expense as Cost to Cost Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Exemption-absence-of-Evidence-Reimbursement-of-Expense-Cost-ITAT-Income-Tax-taxscan-.jpg "Tax Exemption can’t be allowed in the absence of Evidence substantiating Claim of Reimbursement of Expense as Cost to Cost Basis: ITAT [Read Order]")
![Addition u/s 68 based on Cash Deposit not allowable in the Absence of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Addition-Cash-Deposit-not-allowable-in-the-Absence-of-Corroborative-Evidence-ITAT-TAXSCAN.jpg "Addition u/s 68 based on Cash Deposit not allowable in the Absence of Corroborative Evidence: ITAT [Read Order]")
![Electronic evidence must be accompanied by Requisite Certificate u/s 36-B(2) of Central Excise Act: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Electronic-evidence-evidence-Requisite-Certificate-Central-Excise-Act-Central-Excise-Orissa-High-Court-taxscan.jpg "Electronic evidence must be accompanied by Requisite Certificate u/s 36-B(2) of Central Excise Act: Orissa HC [Read Order]")
![GST scam of Rs. Rs.258 cr: Chhattisgarh HC grants Bail to Accused on Deposit of Rupees One Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/GST-scam-of-Chhattisgarh-High-Court-grant-Bail-to-Accused-on-Deposit-of-Rupees-One-Lakh-TAXSCAN.jpg "GST scam of Rs. Rs.258 cr: Chhattisgarh HC grants Bail to Accused on Deposit of Rupees One Lakh [Read Order]")
Gross Income can be determined on the basis of ITR: Calcutta HC revises Insurance Compensation in Accident Case [Read Order]
The Calcutta High Court Bench of Justice Bibhas Ranjan De has recently held that, Income Tax Returns are admissible for determination of income of Motor Accident Claim cases. Claimant disclosed...
![Gross Income can be determined on the basis of ITR: Calcutta HC revises Insurance Compensation in Accident Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Gross-Income-can-be-determined-on-the-basis-of-ITR-Calcutta-HC-revises-Insurance-Compensation-in-Accident-Case-TAXSCAN.jpg "Gross Income can be determined on the basis of ITR: Calcutta HC revises Insurance Compensation in Accident Case [Read Order]")
Tax Evasion: Supreme Court grants Bail to Proprietor of Galaxy Tobacco for Clandestine Transportation of Chewing Tobacco [Read Order]
The Supreme Court of India has recently granted bail to Ratnambar Kaushik, proprietor of Galaxy Tobacco for alleged clandestine transportation of chewing tobacco. The Special Leave Petition was heard...
![Tax Evasion: Supreme Court grants Bail to Proprietor of Galaxy Tobacco for Clandestine Transportation of Chewing Tobacco [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Evasion-Tax-Supreme-Court-Bail-Galaxy-Tobacco-Tobacco-taxscan.jpg "Tax Evasion: Supreme Court grants Bail to Proprietor of Galaxy Tobacco for Clandestine Transportation of Chewing Tobacco [Read Order]")
Failure of Investigating Agency to Produce pre-charge Evidence: P & H HC grants Bail to GST Evasion Accused [Read Order]
The Punjab and Haryana High Court granted bail to the accused who was charged with Goods and Service Tax (GST) evasion, as the investigating agency failed to produce any pre-charge evidence. In...
![Failure of Investigating Agency to Produce pre-charge Evidence: P & H HC grants Bail to GST Evasion Accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Failure-of-Investigating-Agency-to-Produce-pre-charge-Evidence-P-H-HC-grants-Bail-to-GST-Evasion-Accused-TAXSCAN.jpg "Failure of Investigating Agency to Produce pre-charge Evidence: P & H HC grants Bail to GST Evasion Accused [Read Order]")
No Evidence to challenge the Genuineness of object of Charitable Trust: Delhi HC upholds ITAT Order [Read Order]
The Delhi High Court upheld the order of ITAT when there was no evidence to challenge the genuineness of the object of the charitable trust. The revenue contended that the ITAT erred in directing...
![No Evidence to challenge the Genuineness of object of Charitable Trust: Delhi HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Evidence-Delhi-High-Court-ITAT-ITAT-Order-Delhi-HC-upholds-ITAT-Order-taxscan.jpg "No Evidence to challenge the Genuineness of object of Charitable Trust: Delhi HC upholds ITAT Order [Read Order]")
Rejection of Evidence on Payment of Transaction without verifying is invalid, duty not demandable: CESTAT rules in favour of Nayara [Read Order]
As a relief to Nayara Energy Limited, the Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) observed that the rejection of Evidence on payment of transaction...
![Rejection of Evidence on Payment of Transaction without verifying is invalid, duty not demandable: CESTAT rules in favour of Nayara [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Evidence-on-Payment-of-Transaction-verifying-is-invalid-duty-demandable-CESTAT-Nayara-TAXSCAN.jpg "Rejection of Evidence on Payment of Transaction without verifying is invalid, duty not demandable: CESTAT rules in favour of Nayara [Read Order]")
Addition u/s 43CA on absence of Evidence for Receipt of Money in addition to Sale Consideration is invalid: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi held that Addition u/s 43CA on absence of evidence for receipt of money in addition to sale consideration is invalid. The assessee Company, M/s....
![Addition u/s 43CA on absence of Evidence for Receipt of Money in addition to Sale Consideration is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/absence-of-evidence-receipt-of-money-ITAT-taxscan.jpg "Addition u/s 43CA on absence of Evidence for Receipt of Money in addition to Sale Consideration is invalid: ITAT [Read Order]")