Begin typing your search above and press return to search.
![S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order] S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Act-ITAT-RBI-Notifications-RBI-cash-deposit-case-TAXSCAN.jpeg)
S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]
The Ahmedabad “A” bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent case held that additions under section 68 of the Income Tax Act...



![ITAT denies Exemption u/s 10(38) for LTCG on Share Sale, Citing alleged Conversion of Unaccounted Money [Read Order] ITAT denies Exemption u/s 10(38) for LTCG on Share Sale, Citing alleged Conversion of Unaccounted Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Capital-gain-LTCG-long-term-capital-gains-ITAT-Denies-Exemption-taxscan.jpg)

![ITAT directs AO to recompute Penalty on Incorrect Income Tax Deduction u/s 54EC [Read Order] ITAT directs AO to recompute Penalty on Incorrect Income Tax Deduction u/s 54EC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-AO-recompute-Penalty-Incorrect-Income-Tax-Deduction-taxscan.jpg)
![AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order] AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-Agricultural-Income-Agriculture-Land-Purchase-ITAT-Land-Purchase-Sources-Bank-Bank-Deposits-tax-news-AOs-Failure-itat-news-agriculture-news-land-purchase-news-ao-news-taxscan.jpg)
![Deduction u/s 54 of IT Act allowable even if Old Sale Proceeds not Reinvested in New Asset Acquisition: ITAT [Read Order] Deduction u/s 54 of IT Act allowable even if Old Sale Proceeds not Reinvested in New Asset Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-ITA-Income-Tax-Act-Income-Tax-Appellate-Tribunal-section-54-of-Income-Tax-Act-sale-of-old-property-new-property-TAXSCAN.jpg)
![Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order] Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-ITAT-Ahmedabad-Assessment-Proceeding-Section-147-TAXSCAN.webp)
![Non-Filing of Evidence for Income from Other Sources: ITAT upholds Addition [Read Order] Non-Filing of Evidence for Income from Other Sources: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Evidence-for-Income-from-Other-Sources-Evidence-Taxscan.jpg)
![Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order] Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Adjudication-Verification-Cash-Credit-Unexplained-Cash-Credit-Income-Tax-Act-TAXSCAN.jpg)
![CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order] CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-CIT-A-Income-Tax-Appellate-Tribunal-ITAT-orders-Income-Tax-Section-2506-of-the-Income-Tax-Act-appeal-for-non-prosecution-ITAT-NEWS-Income-tax-news-taxscan.jpg)
![ITAT directs Fresh Adjudication on Disallowance made u/s 14 A of Income Tax Act due to Error in CIT(A)s Order [Read Order] ITAT directs Fresh Adjudication on Disallowance made u/s 14 A of Income Tax Act due to Error in CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-Income-Tax-Act-Income-Tax-Appellate-Tribunal-under-section-14A-of-the-Income-Tax-Act-ITAT-Directs-Assessment-Year-ITAT-NEWS-Income-Tax-TAXSCAN.jpg)
![Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order] Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Ahmedabad-PCIT-Order-TAXSCAN.jpeg)