![Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Addition-evidence-authenticity-of-transaction-ITAT-Taxscan.jpg "Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]")
Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi held that addition u/s 68 of Income Tax Act 1961 will not sustain in the presence of evidence...
![No Evidence adduced to Prove Creditworthiness of Creditors: ITAT confirms addition made by CIT (A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Evidence-Creditworthiness-ITAT-CIT-A-Taxscan.jpeg "No Evidence adduced to Prove Creditworthiness of Creditors: ITAT confirms addition made by CIT (A) [Read Order]")
![No New Evidence furnished to Establish Genuineness of Gift Received: ITAT upholds Addition made u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Evidence-Gift-ITAT-taxscan.jpg "No New Evidence furnished to Establish Genuineness of Gift Received: ITAT upholds Addition made u/s 68 [Read Order]")
![Addition made on Undisclosed Income sustained in the Absence of Contrary Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/undisclosed-income-contrary-evidence-ITAT-Taxscan.jpg "Addition made on Undisclosed Income sustained in the Absence of Contrary Evidence: ITAT [Read Order]")
![Legal Heirs Unaware of Details and Failed to Produce Additional Evidence before Lower Authority: ITAT Remands Matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Legal-Heirs-Additional-Evidence-Lower-authority-ITAT-AO-taxscan.jpg "Legal Heirs Unaware of Details and Failed to Produce Additional Evidence before Lower Authority: ITAT Remands Matter back to AO [Read Order]")
CBDT Circular prohibiting Freebies to Doctors does not applicable to Distributor of Generic Medicines, without Evidence: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the circular issued by the Central Board of Direct Taxes (CBDT) prohibiting freebies to doctors by pharma companies has no...
![CBDT Circular prohibiting Freebies to Doctors does not applicable to Distributor of Generic Medicines, without Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Circular-Distributor-Generic-Medicines-Evidence-ITAT-taxscan.jpeg "CBDT Circular prohibiting Freebies to Doctors does not applicable to Distributor of Generic Medicines, without Evidence: ITAT [Read Order]")
Lack of Evidence: ITAT deletes Income Tax Addition against Karnataka Ex-CM B S Yediyurappa [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has deleted an income tax addition made against former Chief Minister of Karnataka for want of documentary evidence supporting the...
![Lack of Evidence: ITAT deletes Income Tax Addition against Karnataka Ex-CM B S Yediyurappa [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Lack-of-Evidence-ITAT-Income-Tax-Addition-Karnataka-Ex-CM-B-S-Yediyurappa-Taxscan.jpg "Lack of Evidence: ITAT deletes Income Tax Addition against Karnataka Ex-CM B S Yediyurappa [Read Order]")
Third Party Records cannot form the Basis of Clandestine Removal, unless Corroborated by Independent Evidence: CESTAT [Read Order]
The Mumbai bench of Customs, Excise & Service Tax Appellate Tribunal has held that third party records cannot form the basis of clandestine removal, unless corroborated by independent evidence. ...
![Third Party Records cannot form the Basis of Clandestine Removal, unless Corroborated by Independent Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Third-Party-Clandestine-Removal-Independent-Evidence-CESTAT-Taxscan.jpeg "Third Party Records cannot form the Basis of Clandestine Removal, unless Corroborated by Independent Evidence: CESTAT [Read Order]")
![Dept shall prove “Abetment of Offence” to attract Confiscation of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Department-Abetment-of-Offence-Confiscation-of-Goods-CESTAT-Taxscan.jpeg "Dept shall prove “Abetment of Offence” to attract Confiscation of Goods: CESTAT [Read Order]")
Registration has to be granted if no evidence to show activities of Trust are not being carried out genuinely: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench while allowing the application for the registration held that the registration has to be granted if there is no evidence to show activities...
![Registration has to be granted if no evidence to show activities of Trust are not being carried out genuinely: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Registration-evidence-ITAT-Teachers-Academy-Education-Trust-Taxscan.jpg "Registration has to be granted if no evidence to show activities of Trust are not being carried out genuinely: ITAT [Read Order]")
Objection of Audit can’t be the basis for determining Duty liability, in absence of any evidence to justify the Clandestine Manufacture/Clearances: CESTAT [Read Order]
The Customs, Excise, Service Taxes Appellate Tribunal (CESTAT) held that objection of audit cannot be the basis for determining duty liability, in absence of any evidence to justify the clandestine...
![Objection of Audit can’t be the basis for determining Duty liability, in absence of any evidence to justify the Clandestine Manufacture/Clearances: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Objection-of-audit-duty-liability-evidence-clandestine-manufacture-clearances-CESTAT-Taxscan.jpg "Objection of Audit can’t be the basis for determining Duty liability, in absence of any evidence to justify the Clandestine Manufacture/Clearances: CESTAT [Read Order]")
Section 153C Assessment to be based on incriminating documents or evidence discovered during search: Madras HC [Read Judgment]
The Madras High Court held that the Assessment under Section 153C has to be based on incriminating documents or evidence discovered during the search. The assessee, M/s.S.R.Trust is a...
![Section 153C Assessment to be based on incriminating documents or evidence discovered during search: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Section-153C-Assessment-incriminating-documents-evidence-Madras-High-Court-Taxscan.jpeg "Section 153C Assessment to be based on incriminating documents or evidence discovered during search: Madras HC [Read Judgment]")