![Satisfaction of AO u/s 69C should be Subjective: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Income-Tax-Addition-taxscan.jpeg "Satisfaction of AO u/s 69C should be Subjective: ITAT deletes Income Tax Addition [Read Order]")
Satisfaction of AO u/s 69C should be Subjective: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently in an appeal filed before it, while deleting the Income Tax Addition, held...
![Earning from Foreign Exchange Fluctuations not in connection with Business Activity, Income Tax Addition not valid: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Foreign-Exchange-Business-Activity-Income-Tax-Addition-Gujarat-HC-taxscan.jpg "Earning from Foreign Exchange Fluctuations not in connection with Business Activity, Income Tax Addition not valid: Gujarat HC [Read Order]")
![Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Cash-Deposit-ITAT-Income-Tax-Addition-taxscan.jpeg "Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]")
![Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Income-Tax-Addition-Bogus-Purchases-taxscan.jpg "Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]")
![Deposits were made from Past Savings and Earnings of entire family for Study Visa requirement of son: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Deposits-Savings-and-Earnings-Study-Visa-requirement-ITAT-Income-Tax-Addition-taxscan.jpeg "Deposits were made from Past Savings and Earnings of entire family for Study Visa requirement of son: ITAT deletes Income Tax Addition [Read Order]")
Recovery of Share Certificate allotted to Investor Companies found at the Premises of Issuing Company is not 'Incriminating Material': Delhi HC quashes Income Tax Addition [Read Order]
A division bench of the Delhi High Court, while dismissing a bunch of appeals by the income tax department has held that the recovery of share certificate allotted to investor companies found at the...
![Recovery of Share Certificate allotted to Investor Companies found at the Premises of Issuing Company is not Incriminating Material: Delhi HC quashes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Share-Certificate-Investor-Companies-Issuing-Company-Delhi-HC-Income-Tax-Addition.jpg "Recovery of Share Certificate allotted to Investor Companies found at the Premises of Issuing Company is not Incriminating Material: Delhi HC quashes Income Tax Addition [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 details of creditors. The appellant was...
![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 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]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has deleted an income tax addition made against former Chief Minister of Karnataka for want of documentary evidence supporting the...
![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]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while deleting a penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 has held that the statement of survey without any...
![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]
The Delhi High Court has dismissed the appeal against the deletion of income tax addition for share or bogus purchases or cash deposits and held that appeal under section 260A of Income Tax Act...
![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]")