![No Additions Can Be Made Without Incriminating Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/No-Addition-Incriminating-Evidence-ITAT-assessee-appealed-to-the-CIT-CIT-Central-Board-of-Direct.jpg "No Additions Can Be Made Without Incriminating Evidence: ITAT [Read Order]")
No Additions Can Be Made Without Incriminating Evidence: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that no additions can be made to an assessee’s income without incriminating...
![Advances Presumed to Be Made from Available Interest-Free Funds When Sufficient Funds Exist: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Interest-Free-Funds-Ahmedabad-Bench-of-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-The-Ahmedabad-Bench-CIT-interest-free-funds-when-sufficient-funds-exist-Income-tax-Taxscan.jpg "Advances Presumed to Be Made from Available Interest-Free Funds When Sufficient Funds Exist: ITAT [Read Order]")
![Interest from FDRs Exempt as Part of Corpus Fund u/s 11(1)(d): ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-FDRs-Corpus-Fund-Assesment-Officer-Remands-Matter-to-AO-Section-111d-taxscan.jpg "Interest from FDRs Exempt as Part of Corpus Fund u/s 11(1)(d): ITAT Remands Matter to AO [Read Order]")
![NRIs Investment in Mutual Funds Held as Legitimate, ITAT Dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/NRI-Investment-NRI-Investment-in-mutual-funds-Revenues-appeal-ITAT-ITAT-Dismisses-Revenues-Appeal-taxscan.jpg "NRIs Investment in Mutual Funds Held as Legitimate, ITAT Dismisses Revenues Appeal [Read Order]")
Relief to Huawei: Delhi HC Rules AY 2013-14 Assessment Time-Barred Due to Inaction After ITAT's Remand [Read Order]
In the recent ruling,the High Court of Delhi granted relief to Huawei Telecommunications India, ruling that the assessment for the assessment year(AY) 2013-14 was time-barred due to inaction by the...
Undisclosed Income Source must be Specified and Substantiated u/s 271-AAA(2): SC upholds Penalty for Non-Compliance [Read Judgement]
In a recent ruling, the Supreme Court confirmed that Section 271-AAA(2) of the Income Tax Act, 1961 mandated that undisclosed income sources must be specified and substantiated and upheld the penalty...
Concealment Or Inaccurate Particulars u/s 271(1)(c) of Income Tax Carry Different Meanings, Revenue Fails To Specify: Delhi HC Invalidates Penalty [Read Order]
In a recent ruling, the Delhi High Court invalidated penalty proceedings under Section 271(1)(c) of the Income Tax Act stating the different meanings of "concealment of income" and "furnishing...
![Concealment Or Inaccurate Particulars u/s 271(1)(c) of Income Tax Carry Different Meanings, Revenue Fails To Specify: Delhi HC Invalidates Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Delhi-High-Court-invalidates-income-tax-penalty-Income-tax-penalty-under-Section-271-TAXSCAN.jpg "Concealment Or Inaccurate Particulars u/s 271(1)(c) of Income Tax Carry Different Meanings, Revenue Fails To Specify: Delhi HC Invalidates Penalty [Read Order]")
ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)deleted the addition of Rs. 52.4 lakh made under Section 69 of the Income Tax Act,1961, confirming the legitimacy of cash deposits linked to...
![ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Legitimacy-of-Cash-Deposits-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-The-Assessing-Officer-agriculturist-in-Gujarat-Cash-Deposits-from-Land-Sale-Taxscan.jpg "ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]")
Trust's Activities Governed by Charitable Purposes, CIT(E) incorrectly denied Registration u/s 12AA: ITATÂ Directs to Re-examine [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, set aside the order of the Commissioner of Income Tax (Exemption) denying registration to Bhavnagar Mandap Contractors Association under...
![Trusts Activities Governed by Charitable Purposes, CIT(E) incorrectly denied Registration u/s 12AA: ITATÂ Directs to Re-examine [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Trusts-Activities-ITAT-Charitable-Purposes-ITAT-Directs-to-Re-examine-ITAT-Ahmedabad-Commissioner-of-Income-Tax-The-Income-Tax-Appellate-Tribunal-CITE-incorrectly-denied-Registration-Incometax-Taxscan.jpg "Trusts Activities Governed by Charitable Purposes, CIT(E) incorrectly denied Registration u/s 12AA: ITATÂ Directs to Re-examine [Read Order]")
Jewellery Owner's Late ITR Filing Rejected: ITAT Upholds Addition of Demonetization Period Deposits Due to Lack of Justification [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition of cash deposits made by a jewellery business owner during the demonetization period citing the rejection of the...
![Jewellery Owners Late ITR Filing Rejected: ITAT Upholds Addition of Demonetization Period Deposits Due to Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Jewellery-Owners-Late-ITR-Filing-ITAT-Upholds-Addition-of-Demonetization-Period-Income-Tax-Appellate-Tribunal-l-ITAT-Chandigarh-ITAT-Upholds-Taxscan.jpg "Jewellery Owners Late ITR Filing Rejected: ITAT Upholds Addition of Demonetization Period Deposits Due to Lack of Justification [Read Order]")
No Concealment of Income Found: ITAT Sets Aside Penalty u/s 271(1)(c) of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty under Section 271(1)(c) of the Income Tax Act, 1961 concluding there was no furnishing of inaccurate particulars of...
![No Concealment of Income Found: ITAT Sets Aside Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/No-Concealment-of-Income-ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Income-Tax-Act-assessment-under-Section-147-Taxscan.jpg "No Concealment of Income Found: ITAT Sets Aside Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")