![Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Addition-assessee-sufficient-evidence-ITAT-taxscan.jpeg "Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]")
Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that addition under section 68 of the Income Tax Act,1961 on the assessee company is...
![Acceptance of Additional Evidence filed by Assessee without complying Rule 46A of the 1962 Rules is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/additional-evidences-ITAT-taxscan.jpeg "Acceptance of Additional Evidence filed by Assessee without complying Rule 46A of the 1962 Rules is invalid: ITAT [Read Order]")
![No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-Tax-Evasion-ITAT-taxscan.jpeg "No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3) [Read Order]")
![No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-ITAT-Tax-taxscan.jpeg "No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]")
![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]")
No Evidence to Prove Status as Private Beneficiary Trust: ITAT Rejects claim to Tax in Individual Manner [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim of the assessee to be taxed individually is not sustainable when no evidence to prove their status as a private...
![No Evidence to Prove Status as Private Beneficiary Trust: ITAT Rejects claim to Tax in Individual Manner [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/evidence-private-beneficiary-trust-ITAT-taxscan.jpg "No Evidence to Prove Status as Private Beneficiary Trust: ITAT Rejects claim to Tax in Individual Manner [Read Order]")
Antecedents cannot be Evidence for alleged Undervaluation of Goods: CESTAT grants relief to Granite India [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai granted relief to Granite India and held that antecedents cannot be evidence for alleged undervaluation of goods. The...
![Antecedents cannot be Evidence for alleged Undervaluation of Goods: CESTAT grants relief to Granite India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/evidence-CESTAT-Granite-India-taxscan.jpg "Antecedents cannot be Evidence for alleged Undervaluation of Goods: CESTAT grants relief to Granite India [Read Order]")
Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of Rahul Chaudhary, Judicial Member, and Om Prakash Kant, Accountant Member held that supporting evidence is mandatory for claiming...
![Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/evidence-claim-TDS-Credit-ITAT-Taxscan.jpg "Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]")
CESTAT dismisses Allegation of Export Duty Evasion on Samples sent for Certification as Finished Goods on ground of Lack of Evidence [Read Order]
THE Customs Excise and Service Tax Appellate Tribunal (CESTAT), Chennai dismissed allegation of export duty evasion on samples sent for certification as finished goods on grounds of lack of evidence....
![CESTAT dismisses Allegation of Export Duty Evasion on Samples sent for Certification as Finished Goods on ground of Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/CESTAT-export-duty-evasion-finished-goods-lack-of-evidence-taxscan.jpeg "CESTAT dismisses Allegation of Export Duty Evasion on Samples sent for Certification as Finished Goods on ground of Lack of Evidence [Read Order]")
![Penalty for Forgery of BSI Certificate will sustain on Corroborated Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Penalty-BSI-certificate-corroborated-evidence-CESTAT-taxscan.jpeg "Penalty for Forgery of BSI Certificate will sustain on Corroborated Evidence: CESTAT [Read Order]")
Mis-Declaration of Country of Origin to Evade ADD: CESTAT quashes Customs Penalty without Evidence [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench in the issue of misdeclaration of the country of origin to evade Anti-Dumping Duty (ADD) had quashed customs penalty...
![Mis-Declaration of Country of Origin to Evade ADD: CESTAT quashes Customs Penalty without Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Mis-declaration-o-CESTAT-Customs-Penalty-Evidence-taxscan.jpeg "Mis-Declaration of Country of Origin to Evade ADD: CESTAT quashes Customs Penalty without Evidence [Read Order]")
Evidence for Verification of Cash Deposit would invalidate Reopening of Assessment u/s 147: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar bench has held that reopening of assessment u/s 147 of Income Tax Act 1961 would invalidate in the presence of evidence for verification of cash...
![Evidence for Verification of Cash Deposit would invalidate Reopening of Assessment u/s 147: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Evidence-cash-deposit-assessment-ITAT-taxscan.jpeg "Evidence for Verification of Cash Deposit would invalidate Reopening of Assessment u/s 147: ITAT [Read Order]")