![ITAT upholds Additions made on unaccounted Income received in Cash Towards Sale of Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-upholds-Additions-unaccounted-Income-Cash-Towards-Sale-of-Shares-Sale-of-Shares-ITAT-taxscan.jpg "ITAT upholds Additions made on unaccounted Income received in Cash Towards Sale of Shares [Read Order]")
ITAT upholds Additions made on unaccounted Income received in Cash Towards Sale of Shares [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Pune bench upheld the addition made on unaccounted income received in cash towards the sale of shares....
![Lack of Reasonable Opportunity to substantiate Source of Cash Deposit: ITAT quashes Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Lack-of-Reasonable-Opportunity-Source-of-Cash-Deposit-ITAT-quashes-Assessment-Cash-Deposit-Assessment-taxscan.jpg "Lack of Reasonable Opportunity to substantiate Source of Cash Deposit: ITAT quashes Assessment [Read Order]")
![Incorrect Accounting and Wrong Grouping of Headings cant be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Incorrect-Accounting-Wrong-Grouping-of-Headings-Bogus-Investment-ITAT-grants-relief-to-Assessee-taxscan-1.jpg "Incorrect Accounting and Wrong Grouping of Headings cant be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]")
![Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-department-remuneration-of-Partners-Salary-Income-ITAT-directs-readjudication-taxscan.jpg "Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]")
![Scope of verification under Limited Scrutiny Confined to Genuiness of Capital Gain, not Deduction Towards Remuneration to Partners: ITAT upholds Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Scope-of-verification-Limited-Scrutiny-Genuiness-of-Capital-Gain-Deduction-Towards-Remuneration-to-Partners-ITAT-upholds-Assessment-Order-Deduction-taxscan.jpg "Scope of verification under Limited Scrutiny Confined to Genuiness of Capital Gain, not Deduction Towards Remuneration to Partners: ITAT upholds Assessment Order [Read Order]")
![Delay of 6 Months: Kerala HC quashes Rectification Application by Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/dfgdsDelay-Kerala-HC-quashes-Rectification-Application-by-Income-Tax-Department-TAXSCAN.jpg "Delay of 6 Months: Kerala HC quashes Rectification Application by Income Tax Department [Read Order]")
No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench while deleting the addition made on account of notional Rental Income, observed that no real rental income received from litigation filed for...
![No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/real-Rental-Income-received-from-litigation-filed-Income-received-from-litigation-filed-real-Rental-Income-recovery-of-arrears-of-Rent-ITAT-deletes-addition-notional-Rental-Income-taxscan.jpg "No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]")
ITAT Confirms Income Tax Addition u/s 68 in Absence of Evidence Proving Unsubstantial Increase in Business Capital [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) confirms the Income Tax addition under Section 68 of the Income Tax Act, 1961 in the absence of evidence proving the unsubstantial...
![ITAT Confirms Income Tax Addition u/s 68 in Absence of Evidence Proving Unsubstantial Increase in Business Capital [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Confirms-Income-Tax-Addition-ITAT-Absence-of-Evidence-Income-Tax-Addition-Income-Tax-Business-Capital-taxscan.jpg "ITAT Confirms Income Tax Addition u/s 68 in Absence of Evidence Proving Unsubstantial Increase in Business Capital [Read Order]")
Income Tax Addition of 6 Crores on Income Derived From House Property Abutting Assessee's Hotel: Delhi HC dismisses Appeal as matter Pending Before SC [Read Order]
The Delhi High Court dismissed the appeal on the issue of an Income tax addition of 6 crores on income derived from house property under the Income Tax Act, 1961 abutting the assessee's hotel. The...
![Income Tax Addition of 6 Crores on Income Derived From House Property Abutting Assessees Hotel: Delhi HC dismisses Appeal as matter Pending Before SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Addition-Income-Derived-From-House-Property-Abutting-Assessees-Hotel-Delhi-HC-dismisses-Appeal-Pending-Before-SC-TAXSCAN.jpg "Income Tax Addition of 6 Crores on Income Derived From House Property Abutting Assessees Hotel: Delhi HC dismisses Appeal as matter Pending Before SC [Read Order]")
Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that Conversion of loan amount into equity shares will not exonerate assessee from application of provisions under section 56(2)(viib)b...
![Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Conversion-of-loan-amount-equity-shares-exonerate-assessee-from-application-of-provisions-ITAT-taxscan.jpg "Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]")
Late Deposit to Employee’s PF due to National Holiday is allowable: Delhi HC rules in Favour of PepsiCo India [Read Order]
The Delhi High Court in the case of Pepsico India Holding Ltd has held that a late deposit to the employee’s Provident Fund (PF )due to a national holiday is allowable. The question was whether...
![Late Deposit to Employee’s PF due to National Holiday is allowable: Delhi HC rules in Favour of PepsiCo India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delhi-High-Court-Late-Deposit-Employee-National-Holiday-allowable-Favour-PepsiCo-India-taxscan.jpg "Late Deposit to Employee’s PF due to National Holiday is allowable: Delhi HC rules in Favour of PepsiCo India [Read Order]")