![No Addition u/s 68 of Income Tax Act can be Made if Investor of the Assessee Company proves its Source of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-Income-Tax-Investor-Company-proves-its-Source-of-Investment-Company-Source-of-Investment-Investment-Taxscan.jpg "No Addition u/s 68 of Income Tax Act can be Made if Investor of the Assessee Company proves its Source of Investment: ITAT [Read Order]")
No Addition u/s 68 of Income Tax Act can be Made if Investor of the Assessee Company proves its Source of Investment: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that If investor prove its source of investment, then no addition can be made in the...
![Loss on sale of Investment could not be reduced from Book Profits u/s 115JB for Capital Profits which do not have component of Income are to be excluded while computing book profits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Loss-on-sale-of-Investment-Investment-sale-of-Investment-Book-Profits-Capital-Profits-computing-book-profits-ITAT-Taxscan.jpg "Loss on sale of Investment could not be reduced from Book Profits u/s 115JB for Capital Profits which do not have component of Income are to be excluded while computing book profits: ITAT [Read Order]")
![Purchases reflected in Book of Accounts cannot be treated as Unexplained Investment: ITAT sets aside Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Purchases-reflected-in-Book-of-Accounts-Purchases-Book-of-Accounts-Unexplained-Investment-Investment-ITAT-sets-aside-Order-of-CITA-ITAT-Taxscan.jpg "Purchases reflected in Book of Accounts cannot be treated as Unexplained Investment: ITAT sets aside Order of CIT(A) [Read Order]")
![Police not Authorized to Investigate Matter unless Being Specially Permitted under PMLA: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Police-not-Authorized-to-Investigate-Matter-Police-not-Authorized-Police-Specially-Permitted-under-PMLA-PMLA-Orissa-High-Court-Taxscan.jpg "Police not Authorized to Investigate Matter unless Being Specially Permitted under PMLA: Orissa HC [Read Order]")
Investment for affording financial security to wife in old age out of explained funds, not unexplained investment: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the investment for affording financial security to wife in old age out of explained funds could not be considered as unexplained...
![Investment for affording financial security to wife in old age out of explained funds, not unexplained investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Investment-for-affording-financial-security-explained-funds-unexplained-investment-ITAT-TAXSCAN.jpg "Investment for affording financial security to wife in old age out of explained funds, not unexplained investment: ITAT [Read Order]")
Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the disclosure made by a real estate developer in its Income Tax Return Form, stating that the conversion of closing stock of...
![Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disclosure-Made-in-Income-Tax-Return-Form-Conversion-of-Closing-Stock-Investment-Taxable-ITAT-TAXSCAN.jpg "Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]")
![Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Investment-Interest-Free-Funds-ITAT-Disallowance-Interest-taxscan.jpg "Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]")
CBDT amends meaning of Investment Fund for Exemption of Class of persons from Filing of Mandatory and Voluntary Returns [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification S.O. 3147(E) has notified the amendment of the meaning of Investment Fund for Exemption of Class of persons from Filing of Mandatory and...
![CBDT amends meaning of Investment Fund for Exemption of Class of persons from Filing of Mandatory and Voluntary Returns [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/07/CBDT-Investment-Fund-Voluntary-Returns-CBDT-amends-meaning-of-Investment-Fund-Filing-of-Mandatory-and-Voluntary-Returns-Investment-taxscan.jpg "CBDT amends meaning of Investment Fund for Exemption of Class of persons from Filing of Mandatory and Voluntary Returns [Read Notification]")
ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench upheld the disallowance made on interest expenses incurred for taking loans for making investment in shares. The assessee RRPR Holding Private...
![ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-disallowance-made-on-Interest-Expenses-incurred-for-taking-Loans-ITAT-upholds-disallowance-ITAT-Interest-Expenses-incurred-for-taking-Loans-Taxscan.jpg "ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]")
Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) directed re-adjudication for the disallowance made under rule 8D(iii) of the Income Tax Rules, 1962 without giving Weightage to the credit...
![Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-Income-Tax-Income-Tax-Rules-Credit-Balance-Investment-weightage-ITAT-re-adjudication-income-tax-taxscan.jpg "Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]")
Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the assessing office under section 69 of the Income Tax Act,1961 on the ground of unexplained investment in a...
![Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Income-Tax-Act-Addition-Unexplained-Investment-Bank-Account-delete-Addition-ITAT-Investment-Bank-Account-Income-Tax-taxscan.jpg "Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]")