![Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/cash-deposit-additional-evidence-assessee-ITAT-taxscan-.jpeg "Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]")
Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT)has held that addition to a cash deposit is not allowable when additional evidence...
![Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Savings-HUF-Members-Deposits-Demonetization-ITAT-Income-Tax-Addition-taxscan.jpeg "Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [Read Order]")
![Receipt of Property by way of Inheritance, will not be treated as Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receipt-of-property-income-from-other-sources-ITAT-taxscan.jpeg "Receipt of Property by way of Inheritance, will not be treated as Income from Other Sources: ITAT [Read Order]")
![No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Penalty-Bonafide-Claim-ITAT-taxscan.jpeg "No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]")
![Deduction of Foreign Exchange Loss suffered is duly allowable as Loss incurred during year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Deduction-Foreign-Exchange-Loss-Loss-ITAT-taxscan.jpeg "Deduction of Foreign Exchange Loss suffered is duly allowable as Loss incurred during year: ITAT [Read Order]")
Illiterate person not aware that certain amount received under VRS was exempt: ITAT condones delay of 887 days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh condoned delay of approximately 887 days as the case was of an illiterate person not aware that certain amount received under VRS was exempt. The...
![Illiterate person not aware that certain amount received under VRS was exempt: ITAT condones delay of 887 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Illiterate-person-VRS-ITAT-taxscan.jpg "Illiterate person not aware that certain amount received under VRS was exempt: ITAT condones delay of 887 days [Read Order]")
![Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Dividend-Income-Income-Tax-Liability-ITAT-taxscan.jpg "Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]")
Vehicle Registered in the Director's Name but used for Company's Business Purposes: ITAT allows Depreciation [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai, has recently, while deciding a group of appeals filed before it, held that depreciation is allowable on vehicle registered in the director’s name...
![Vehicle Registered in the Directors Name but used for Companys Business Purposes: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Vehicle-Director-Company-ITAT-Depreciation-taxscan.jpg "Vehicle Registered in the Directors Name but used for Companys Business Purposes: ITAT allows Depreciation [Read Order]")
No Disallowance on Ground of Non-Deduction of TDS from Salary When the Same is Disclosed in Employees ITR: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai, has recently, while deciding a group of appeals filed before it, held that disallowance shall not be made on the ground of non - deduction of TDS...
![No Disallowance on Ground of Non-Deduction of TDS from Salary When the Same is Disclosed in Employees ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-TDS-from-Salary-Employees-ITR-ITAT-taxscan.jpg "No Disallowance on Ground of Non-Deduction of TDS from Salary When the Same is Disclosed in Employees ITR: ITAT [Read Order]")
Revisional Jurisdiction not valid in absence of Error in Assessment Order, Claim of Deduction u/s 80P(2)(a)(i) allowable: ITAT [Read Order]
Revisional Jurisdiction not valid in absence of error in assessment order, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held claim of deduction u/s 80P(2)(a)(i) of the Income...
![Revisional Jurisdiction not valid in absence of Error in Assessment Order, Claim of Deduction u/s 80P(2)(a)(i) allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Revisional-Jurisdiction-Assessment-Order-Deduction-ITAT-taxscan.jpg "Revisional Jurisdiction not valid in absence of Error in Assessment Order, Claim of Deduction u/s 80P(2)(a)(i) allowable: ITAT [Read Order]")
![Non Appreciation of facts in true perspective: ITAT sets aside Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revision-Order-taxscan.jpeg "Non Appreciation of facts in true perspective: ITAT sets aside Revision Order [Read Order]")
Immovable Property received without consideration as per Family settlement Memorandum is Taxable u/s 56(2)(vii)(b)(i): ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that immovable property received without consideration by the assessee, as per family settlement memorandum is taxable under...
![Immovable Property received without consideration as per Family settlement Memorandum is Taxable u/s 56(2)(vii)(b)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Immovable-property-Family-settlement-Memorandum-ITAT-taxscan.jpg "Immovable Property received without consideration as per Family settlement Memorandum is Taxable u/s 56(2)(vii)(b)(i): ITAT [Read Order]")