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![Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Addition-Credit-Creditors-ITAT-taxscan.jpg "Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]")
Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]
The Income-Tax Appellate Tribunal, Chennai bench held that an addition to income tax u/s 68 cannot sustain when source of credit is explained with...
![Income Tax Addition cannot be based on Conjectures and Surmises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-Delhi-Income-Tax-Addition-ITAT-Taxscan.jpeg "Income Tax Addition cannot be based on Conjectures and Surmises: ITAT [Read Order]")
![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]")
![Income Tax Addition can’t be made solely on the basis of Statement of Survey without any Corroborative Material: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Addition-Corroborative-Material-ITAT-Penalty-ITAT-Mumbai-Taxscan.jpeg "Income Tax Addition can’t be made solely on the basis of Statement of Survey without any Corroborative Material: ITAT deletes Penalty [Read Order]")
![High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Courts-Appellate-Jurisdiction-Tribunal-Fact-Finding-Authority-Delhi-HC-Taxscan.jpg "High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]")
Relief to Bajaj Herbals: ITAT deletes Income Tax Addition on account of under-invoicing of Sales to sister concern [Read Order]
In a relief of Bajaj Herbals, the Income Tax Appellate Tribunal (ITAT), Ahmedabad deleted that addition made on account of under-invoicing of sales to sister concern. During the previous...
![Relief to Bajaj Herbals: ITAT deletes Income Tax Addition on account of under-invoicing of Sales to sister concern [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Bajaj-Herbals-ITAT-Taxscan.jpeg "Relief to Bajaj Herbals: ITAT deletes Income Tax Addition on account of under-invoicing of Sales to sister concern [Read Order]")
![Data retrieved from Pen-drive can’t be sole basis for Income Tax Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/pen-drive-Data-Pen-drive-Income-Tax-Addition-ITAT-Taxscan.jpeg "Data retrieved from Pen-drive can’t be sole basis for Income Tax Addition: ITAT [Read Order]")
![ITAT deletes Income Tax Addition against Vyapam Accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Vyapam-Income-Tax-Addition-Taxscan.jpg "ITAT deletes Income Tax Addition against Vyapam Accused [Read Order]")
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...
![No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Cash-Purchase-Taxscan.jpg "No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]")
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...
![S. 110 of Evidence Act is Applicable in Determining Ownership of Gold recovered: Kerala HC confirms Income Tax Addition [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "S. 110 of Evidence Act is Applicable in Determining Ownership of Gold recovered: Kerala HC confirms Income Tax Addition [Read Judgment]")