![No Income Tax Addition can be made in respect of Addition under the Black Money Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Addition-Income-Tax-Addition-Black-Money-Act-ITAT-Taxscan.jpg "No Income Tax Addition can be made in respect of Addition under the Black Money Act: ITAT [Read Order]")
No Income Tax Addition can be made in respect of Addition under the Black Money Act: ITAT [Read Order]
The Income Tax Appellate Tribunal, (Delhi Bench), has recently, in an appeal filed before it, held that no income addition can be made in respect of...
![Income Tax Addition cannot be made due to Misreporting by Insurance Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Addition-Misreporting-Insurance-Company-ITAT-Taxscan.jpg "Income Tax Addition cannot be made due to Misreporting by Insurance Company: ITAT [Read Order]")
![Income Tax Addition cannot be made Merely Based on Assumption and Presumption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Addition-Income-Tax-Assumption-Presumption-ITAT-Taxscan.jpg "Income Tax Addition cannot be made Merely Based on Assumption and Presumption: ITAT [Read Order]")
![ITAT deletes Income Tax Addition against Jharkhand State Beverages [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Income-Tax-Addition-Income-Tax-Jharkhand-State-Beverages-State-Beverages-Taxscan.jpg "ITAT deletes Income Tax Addition against Jharkhand State Beverages [Read Order]")
![Income Tax Addition against Company based on Statement of Director during Search cannot be Confirmed without Supporting Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Addition-Search-Supporting-Evidence-ITAT-TAXSCAN.jpg "Income Tax Addition against Company based on Statement of Director during Search cannot be Confirmed without Supporting Evidence: ITAT [Read Order]")
Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) deleted the income tax addition as the compensation on compulsory acquisition of land is exempted under section 10(37) of the Income Tax...
![Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Compensation-on-compulsory-acquisition-of-land-ITAT-income-tax-addition-TAXSCAN.jpg "Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]")
No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of Amit Shukla, Judicial Member and Amarjit Singh, Accountant Member held that no income tax addition can be made when expenses are...
![No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/income-tax-addition-WIP-ITAT-TAXSCAN.jpg "No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]")
Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), directed the Assessing Officer (AO) to delete addition of Special Economic Zone (SEZ) book profits under Section 115JB of the Income...
![Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Infosys-ITAT-Income-Tax-Addition-of-SEZ-Book-Profits-Income-Tax-Addition-Income-Tax-taxscan.jpg "Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]")
ITAT deletes Income Tax Addition u/s 68 When Assessee submitted Corroborative Evidence related to Creditors [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of unexplained Creditors under section 68 of the Income Tax Act,1961 when the assessee submitted Corroborative...
![ITAT deletes Income Tax Addition u/s 68 When Assessee submitted Corroborative Evidence related to Creditors [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-deletes-Income-Tax-Addition-ITAT-Income-Tax-Addition-Income-Tax-Corroborative-Evidence-Creditors-Assessee-Taxscan.jpg "ITAT deletes Income Tax Addition u/s 68 When Assessee submitted Corroborative Evidence related to Creditors [Read Order]")
Income Tax Addition cannot be made against Employee Handling Cash on behalf of Employer: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax addition not maintainable in the hands of the employee when the employee was merely handling the cash on behalf...
![Income Tax Addition cannot be made against Employee Handling Cash on behalf of Employer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Addition-Employee-handling-Cash-Employer-ITAT-Taxscan.jpg "Income Tax Addition cannot be made against Employee Handling Cash on behalf of Employer: ITAT [Read Order]")
TDS not Applicable on Wages and AO Ignored Certificate by DDIT(E): ITAT deletes Income Tax Addition [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), deleted addition on the ground that TDS not applicable on Wages and that the Assessing Officer (AO) Ignored Certificate by Deputy...
![TDS not Applicable on Wages and AO Ignored Certificate by DDIT(E): ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-DDITE-ITAT-Income-Tax-Addition-Income-Tax-Tax-Taxscan.jpg "TDS not Applicable on Wages and AO Ignored Certificate by DDIT(E): ITAT deletes Income Tax Addition [Read Order]")
Deposit of Huge Amount of SBN Notes in Bank Account: ITAT Confirms Income Tax Addition, Directs Authorities to Investigate Role of Bank Employees
While upholding an addition under section 68 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Hyderabad bench has directed the concerned authorities to investigate the role of...
