![Cash Deposit Not Deemed Unexplained u/s 144 r/w 147 of Income Tax Act Without Reasonable Opportunity to Prove Source: ITAT affirms Substantial Justice & Fair Play [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposit-Not-Deemed-Unexplained-Income-Tax-Act-ITAT-affirms-Substantial-Justice-Fair-Play-taxscan.jpg "Cash Deposit Not Deemed Unexplained u/s 144 r/w 147 of Income Tax Act Without Reasonable Opportunity to Prove Source: ITAT affirms Substantial Justice & Fair Play [Read Order]")
Cash Deposit Not Deemed Unexplained u/s 144 r/w 147 of Income Tax Act Without Reasonable Opportunity to Prove Source: ITAT affirms Substantial Justice & Fair Play [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has held that Cash Deposit shall not be treated as “Unexplained” under Section 144 read...
![Proper Explanation of Income of Sales Cannot be Added u/s 68 of Income Tax Act Unless it Proved as ‘Bogus’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Proper-Explanation-Income-of-Sales-Income-Tax-Act-Unless-Proved-as-Bogus-TAXSCAN.jpg "Proper Explanation of Income of Sales Cannot be Added u/s 68 of Income Tax Act Unless it Proved as ‘Bogus’: ITAT [Read Order]")
![Tax Exemption Allowable for Interest Income Received on Temporary FD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Tax-Exemption-Interest-Income-Received-on-Temporary-FD-ITAT-TAXSCAN.jpg "Tax Exemption Allowable for Interest Income Received on Temporary FD: ITAT [Read Order]")
![AO made Addition to House hold Drawings due to Delay in filing Reply: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/AO-made-Addition-to-House-hold-Drawings-House-hold-Drawings-due-to-Delay-in-filing-Reply-ITAT-Re-adjudication-taxscan.jpg "AO made Addition to House hold Drawings due to Delay in filing Reply: ITAT Directs Re-adjudication [Read Order]")
Intimation order u/s 154 of the Income Tax Act issued for Disallowing Payment of Remuneration to Partners: ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication on the Intimation order passed under section 154 of the Income Tax Act,1961 for disallowing the payment of...
![Intimation order u/s 154 of the Income Tax Act issued for Disallowing Payment of Remuneration to Partners: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Intimation-order-Income-Tax-Act-Disallowing-Payment-of-Remuneration-to-Partners-ITAT-Re-adjudication-taxscan.jpg "Intimation order u/s 154 of the Income Tax Act issued for Disallowing Payment of Remuneration to Partners: ITAT Directs Re-adjudication [Read Order]")
Assessment Order Passed without Proper Examination of Residential Status: ITAT Directs Re-Adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed adjudication as the assessment order was passed without proper examination of residential status. The assessee, Ajay Jain was...
![Assessment Order Passed without Proper Examination of Residential Status: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Order-Examination-Residential-Status-ITAT-Re-Adjudication-taxscan.jpg "Assessment Order Passed without Proper Examination of Residential Status: ITAT Directs Re-Adjudication [Read Order]")
Addition made u/s 56(2)(x) of Income Tax Act due to Failure of Disclosure of Income on Bank Account: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT) directed re-adjudication for the addition made by the assessing officer under section 56(2)(x) of the Income Tax Act,1961 due to the...
![Addition made u/s 56(2)(x) of Income Tax Act due to Failure of Disclosure of Income on Bank Account: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Re-adjudication-Income-Tax-Act-Failure-of-Disclosure-Income-on-Bank-Account-ITAT-TAXSCAN-1.jpg "Addition made u/s 56(2)(x) of Income Tax Act due to Failure of Disclosure of Income on Bank Account: ITAT Directs Re-adjudication [Read Order]")
Addition made by AO without Understanding whole Contractual Obligations made by parties: ITAT Deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer without understanding the whole contractual obligations made by the parties. ...
![Addition made by AO without Understanding whole Contractual Obligations made by parties: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Addition-made-by-AO-TAXSCAN.jpg "Addition made by AO without Understanding whole Contractual Obligations made by parties: ITAT Deletes Addition [Read Order]")
Depreciation allowable for Computing Income Available for Accumulation u/s 11(6) of Income Tax Act: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that depreciation should be allowed for the computing income available for accumulation under section 11(6) of the Income Tax Act,...
![Depreciation allowable for Computing Income Available for Accumulation u/s 11(6) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Depreciation-Computing-Income-Available-for-Accumulation-Depreciation-allowable-for-Computing-Income-Income-Tax-Act-ITAT-taxscan.jpg "Depreciation allowable for Computing Income Available for Accumulation u/s 11(6) of Income Tax Act: ITAT [Read Order]")
No records with Income Tax Dept to show Actual Amount Received from AE for Marketing Service Fee : ITAT Deletes Addition [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently while providing relief to Sabre Travel Network (India) deleted additions made on account of foreign exchange loss incurred...
![No records with Income Tax Dept to show Actual Amount Received from AE for Marketing Service Fee : ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-records-with-Income-Tax-Dept-to-show-Actual-Amount-Received-Marketing-Service-Fee-ITAT-TAXSCAN.jpg "No records with Income Tax Dept to show Actual Amount Received from AE for Marketing Service Fee : ITAT Deletes Addition [Read Order]")
Error of Tax Auditor in Reporting Payment Date of PF Collected from Employees: ITAT Deletes Disallowance [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance as the tax auditor had committed an error in reporting the date of payment of Provident Fund (PF) collected from...
![Error of Tax Auditor in Reporting Payment Date of PF Collected from Employees: ITAT Deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Error-of-Tax-Auditor-Reporting-Payment-Date-of-PF-Collected-from-Employees-ITAT-Deletes-Disallowance-PF-Collected-from-Employees-Employees-Reporting-Payment-Date-taxscan.jpg "Error of Tax Auditor in Reporting Payment Date of PF Collected from Employees: ITAT Deletes Disallowance [Read Order]")