![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]")
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...
![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]")
![No Evidence on relation between Seller and Buyer to Influence Price of Imported Goods: CESTAT sets aside rejection of Transaction Value [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/No-Evidence-Imported-Goods-CESTAT-Transaction-Value-TAXSCAN.jpg "No Evidence on relation between Seller and Buyer to Influence Price of Imported Goods: CESTAT sets aside rejection of Transaction Value [Read Order]")
![Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/relevant-Evidence-ITAT-Capital-Gain-Disallowing-TAXSCAN.jpeg "Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]")
![Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-prove-Identity-Creditworthiness-ITAT-TAXSACN.jpg "Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]")
No Evidence of Rental receipt from Property: ITAT sustain Addition on Cash Deposits into Bank Account [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai sustained addition on cash deposits into bank account as there was no evidence of rental receipt from property. During the financial year relevant...
![No Evidence of Rental receipt from Property: ITAT sustain Addition on Cash Deposits into Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Rental-receipt-ITAT-Addition-Cash-Deposits-Bank-Account-taxscan.jpg "No Evidence of Rental receipt from Property: ITAT sustain Addition on Cash Deposits into Bank Account [Read Order]")
No Evidence of Suppression of Gross Profit by obtaining Bogus Purchase: Delhi HC Deletes Income Tax Addition [Read Judgment]
An addition on account of Gross profit under the Income Tax Act, 1961 is not permissible in the absence of the evidence of suppression of gross profit by obtaining bogus purchase, the Delhi High...
![No Evidence of Suppression of Gross Profit by obtaining Bogus Purchase: Delhi HC Deletes Income Tax Addition [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Bogus-Purchase-Gross-profit-Delhi-HC-taxscan.jpg "No Evidence of Suppression of Gross Profit by obtaining Bogus Purchase: Delhi HC Deletes Income Tax Addition [Read Judgment]")
AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]
The Delhi High Court has held that AMP expenses incurred cannot be termed as an international transaction in absence of evidence and upheld the order of the ITAT. M/s. Amadeus India Pvt. Ltd, the...
![AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AMP-Expenses-International-Transaction-evidence-Delhi-HC-ITAT-taxscan.jpg "AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]")
Remand of matter on Non-Imposition of Penalty serves sufficient chance to put forward Documents and Evidence Afresh: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled that remand of matter on non-imposition of Penalty serves sufficient chance to put forward documents and...
![Remand of matter on Non-Imposition of Penalty serves sufficient chance to put forward Documents and Evidence Afresh: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Documents-and-Evidence-CESTAT-taxscan.jpg "Remand of matter on Non-Imposition of Penalty serves sufficient chance to put forward Documents and Evidence Afresh: CESTAT [Read Order]")
Addition on Cash Deposit during Demonetisation is not permissible when opportunity to adduce evidence to prove the Source was given: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT)has held that addition on cash deposit During Demonetisation is not permissible when the opportunity to adduce evidence to prove the...
![Addition on Cash Deposit during Demonetisation is not permissible when opportunity to adduce evidence to prove the Source was given: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Deposit-Demonetisationis-opportunity-evidence-ITAT-TAXSCAN.jpg "Addition on Cash Deposit during Demonetisation is not permissible when opportunity to adduce evidence to prove the Source was given: ITAT [Read Order]")
ITAT considers Revised Tax Audit Report as Additional Evidence as it is vital piece of evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench held that ITAT considered Revised Tax Audit Report as additional evidence as it is vital piece of evidence. The assessee, Anil Kumar...
![ITAT considers Revised Tax Audit Report as Additional Evidence as it is vital piece of evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revised-Tax-Audit-Report-evidence-taxscan.jpg "ITAT considers Revised Tax Audit Report as Additional Evidence as it is vital piece of evidence [Read Order]")
![CESTAT sets aside Clandestine removal of Zafrani Zarda and Gutkha on Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CESTAT-clandestine-removal-ZafraniZarda-Gutkha-Evidence-taxscan.jpg "CESTAT sets aside Clandestine removal of Zafrani Zarda and Gutkha on Lack of Evidence [Read Order]")