![Absence to take note of Judicial Pronouncements in DVO Report: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/judicial-pronouncements-DVO-Report-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Absence to take note of Judicial Pronouncements in DVO Report: ITAT deletes Income Tax Addition [Read Order]")
Absence to take note of Judicial Pronouncements in DVO Report: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), deleted income tax addition as there was absence to take note of judicial pronouncements in District...
![Income Tax Addition for Cash Deposits not valid when Certificates from the Bank denies the existence of Bank Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Cash-Deposits-Certificates-Bank-Accounts-ITAT-TAXSCAN.jpg "Income Tax Addition for Cash Deposits not valid when Certificates from the Bank denies the existence of Bank Accounts: ITAT [Read Order]")
![No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Cash-Deposit-Demonetization-Cash-Flow-Statement-ITAT-taxscan.jpg "No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]")
![Sale Deed was Completed by Proper Registration: ITAT confirms Income Tax Addition on LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Sale-Deed-Registration-ITAT-Income-Tax-Addition-LTCG-taxscan.jpg "Sale Deed was Completed by Proper Registration: ITAT confirms Income Tax Addition on LTCG [Read Order]")
![No Documentary Evidence found in respect of On-Money Receipt: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Documentary-Evidence-On-Money-Receipt-ITAT-Income-Tax-Addition-taxscan.jpeg "No Documentary Evidence found in respect of On-Money Receipt: ITAT deletes Income Tax Addition [Read Order]")
Proof of Source of Money and Identity of Creditors by Assessee: ITAT upholds deletion of Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai upheld the deletion of addition on proof of source of money and identity of creditors by assessee. The assessee, M/s. Sporting Pastime India Ltd...
![Proof of Source of Money and Identity of Creditors by Assessee: ITAT upholds deletion of Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Source-of-Money-Creditors-ITAT-Income-Tax-Addition-taxscan.jpg "Proof of Source of Money and Identity of Creditors by Assessee: ITAT upholds deletion of Income Tax Addition [Read Order]")
Sole reliance on Report of Investigation Wing: ITAT sets aside Income Tax Addition as Unexplained Investment [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi bench set aside addition as un-explained investment as there was sole reliance on report of Investigation Wing. The assessment of the assessee,...
![Sole reliance on Report of Investigation Wing: ITAT sets aside Income Tax Addition as Unexplained Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Investigation-Wing-ITAT-Income-Tax-addition-Investment-taxscan.jpg "Sole reliance on Report of Investigation Wing: ITAT sets aside Income Tax Addition as Unexplained Investment [Read Order]")
![Penalty u/s 271(1)(c) cannot be made for Income Tax Additions made on ad-hoc basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Income-Tax-Additions-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) cannot be made for Income Tax Additions made on ad-hoc basis: ITAT [Read Order]")
Mere filing of VAT Returns will Not Prove Genuineness of Purchase Without Inquiry: Delhi HC upholds Income Tax Addition [Read Order]
While upholding an income tax addition, a division bench of the Delhi High Court has held that mere filing of the VAT Returns will not be sufficient to prove the genuineness of the purchase without...
![Mere filing of VAT Returns will Not Prove Genuineness of Purchase Without Inquiry: Delhi HC upholds Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/VAT-Returns-Delhi-HC-Income-Tax-Addition-taxscan.jpeg "Mere filing of VAT Returns will Not Prove Genuineness of Purchase Without Inquiry: Delhi HC upholds Income Tax Addition [Read Order]")
![ITAT deletes Income Tax Addition made solely on Third-party Information [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Income-Tax-Addition-taxscan.jpg "ITAT deletes Income Tax Addition made solely on Third-party Information [Read Order]")
Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), deleted addition on the ground that there was voluntary disallowance of CSR under Section 37(1) of the Income Tax Act, 1961 by the assessee, Agappe...
![Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-CSR-Expenditure-Assessee-ITAT-Income-Tax-Addition-taxscan.jpg "Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]")
Relief to Bosch Limited: ITAT deletes Income Tax Addition on reduction of Bad Debts from Sundry Receivables and debited to Profit and Loss account [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore deleted addition on reduction of bad debts from Sundry Receivables and debited to Profit and Loss account thereby granting Relief to Bosch Limited....
![Relief to Bosch Limited: ITAT deletes Income Tax Addition on reduction of Bad Debts from Sundry Receivables and debited to Profit and Loss account [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Bosch-Limited-ITAT-Income-Tax-Bad-Debts-Sundry-Receivables-Profit-and-Loss-account-taxscan.jpg "Relief to Bosch Limited: ITAT deletes Income Tax Addition on reduction of Bad Debts from Sundry Receivables and debited to Profit and Loss account [Read Order]")