![ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Income-Tax-Act-Insufficient-Evidence-of-Bogus-Transaction-Insufficient-Evidence-Bogus-Transaction-Evidence-taxscan.jpg "ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]")
ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deletes Addition under Section 68 of Income Tax Act, 1961 due to Insufficient Evidence...
![ITAT treats Source for Cash Deposits found in Bank Accounts as Unexplained Money on Unsubstantiated Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-treats-Source-for-Cash-Deposits-ITAT-Source-for-Cash-Deposits-Cash-Deposits-Bank-Accounts-as-Unexplained-Money-Bank-Accounts-Unexplained-Money-Unsubstantiated-Evidence-income-tax-taxscan.jpg "ITAT treats Source for Cash Deposits found in Bank Accounts as Unexplained Money on Unsubstantiated Evidence [Read Order]")
![Coercion Shouldn’t be there to Admit Undisclosed Income, Admissions Should be Backed by Credible Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Coercion-Undisclosed-Income-Credible-Evidence-Evidence-ITAT-Taxscan.jpg "Coercion Shouldn’t be there to Admit Undisclosed Income, Admissions Should be Backed by Credible Evidence: ITAT [Read Order]")
![Statement Recorded u/s 133A of the Act without Considering Documents and Evidence produced: ITAT directs de novo Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Statement-Recorded-Act-Considering-Documents-Evidence-ITAT-Adjudication-TAXSCAN.jpg "Statement Recorded u/s 133A of the Act without Considering Documents and Evidence produced: ITAT directs de novo Adjudication [Read Order]")
![Burden of proving Goods is of foreign origin is on Department on Providing Documentary Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Burden-proving-Goods-foreign-Providing-Documentary-Evidence-CESTAT-TAXSCAN.jpg "Burden of proving Goods is of foreign origin is on Department on Providing Documentary Evidence: CESTAT [Read Order]")
SC upholds Order passed u/s 7 of COFEPOS Act in absence of valid Evidence to Explain Investment [Read Judgement]
The Supreme Court (SC) upheldthe order passed under section 7 of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOS) in absence of valid evidence to...
No penalty u/s 15(2) of Cenvat Credit Rules in absence of evidence to establish the intentional Availment of Irregular CENVAT Credit: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that no penalty under section 15(2) of Cenvat Credit Rules in absence of evidence to establish the...
![No penalty u/s 15(2) of Cenvat Credit Rules in absence of evidence to establish the intentional Availment of Irregular CENVAT Credit: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/No-penalty-Cenvat-Credit-Rules-evidence-CENVAT-Credit-CESTAT-TAXSCAN.jpg "No penalty u/s 15(2) of Cenvat Credit Rules in absence of evidence to establish the intentional Availment of Irregular CENVAT Credit: CESTAT [Read Order]")
![No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Evidence-Distribution-Company-Company-Calcutta-High-Court-Taxscan.jpg "No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]")
Non-Compliance of Notices and Non-furnishing of Evidence Even After Five Opportunities granted by AO: ITAT Imposes Cost of Rs. 10,000 [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad Bench, has recently, in an appeal filed before it, imposed a cost of Rs 10,000, on non-compliance of notices and non-furnishing of evidence, even...
![Non-Compliance of Notices and Non-furnishing of Evidence Even After Five Opportunities granted by AO: ITAT Imposes Cost of Rs. 10,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Notices-Non-furnishing-Five-Opportunities-ITAT-Cost-Income-Tax-Tax-Taxscan.jpg "Non-Compliance of Notices and Non-furnishing of Evidence Even After Five Opportunities granted by AO: ITAT Imposes Cost of Rs. 10,000 [Read Order]")
Boarding Officer to Improve Boarding Function Transparency by Boarding Jackets Fitted with Body Worn Camera (BWC): CBIC [Read Circular]
A recent circular from the Central Board of Indirect Tax and Customs ( CBIC ) has issued guidelines relating to the boarding of vessels by Customs Officers which has decided to improve the...
![Boarding Officer to Improve Boarding Function Transparency by Boarding Jackets Fitted with Body Worn Camera (BWC): CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/03/Boarding-Officer-Boarding-Function-Boarding-Jackets-Body-Worn-Camera-CBIC-Indirect-Tax-Customs-Taxscan.jpg "Boarding Officer to Improve Boarding Function Transparency by Boarding Jackets Fitted with Body Worn Camera (BWC): CBIC [Read Circular]")
Penalty u/s 77 and 78 cannot be imposed in absence of Evidence of Suppression of fact to Evade Payment of Tax: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) of Chennai Bench has held that penalty under sections 77 and 78 of the Finance Act, 1994 cannot be imposed in absence of...
![Penalty u/s 77 and 78 cannot be imposed in absence of Evidence of Suppression of fact to Evade Payment of Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Evidence-Evade-Payment-of-Tax-Evade-Payment-Tax-Payment-CESTAT-Customs-Excise-Service-Tax-Taxscan.jpg "Penalty u/s 77 and 78 cannot be imposed in absence of Evidence of Suppression of fact to Evade Payment of Tax: CESTAT [Read Order]")