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Income Tax Addition

Income Tax Addition cannot be based on Conjectures and Surmises: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while quashing an assessment under the Income Tax Act, 1961, has held that the income tax...

Lack of Evidence: ITAT deletes Income Tax Addition against Karnataka Ex-CM B S Yediyurappa [Read...

Income Tax Addition can’t be made solely on the basis of Statement of Survey without any...

High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding...

Relief to Bajaj Herbals: ITAT deletes Income Tax Addition on account of under-invoicing of Sales to...

Data retrieved from Pen-drive can’t be sole basis for Income Tax Addition: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT), while deleting an addition made by the income tax authorities based on the data retrieved from the pen-drive and the admission by the...

ITAT deletes Income Tax Addition against Vyapam Accused [Read Order]

The Income Tax Appellate Tribunal (ITAT), Indore bench has recently deleted an addition of around rupees 7.35 crores against one of the accused person of Vyapam case. The amount was surrendered by...

No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]

The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition cannot be sustained for making cash payment exceeding monetary limit if the same was due to the instance of the...

S. 110 of Evidence Act is Applicable in Determining Ownership of Gold recovered: Kerala HC confirms Income Tax Addition [Read Judgment]

Justice Antony Dominic and Justice Dama Seshadri Naidu of Kerala High Court, recently upheld an Income Tax Addition on ground of unexplained investment against an individual observing that the...