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![Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order] Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Sale-Sale-of-CWO-CWO-Income-Books-of-Account-ITAT-genuine-Purchase-Cotton-Wash-Oil-Taxscan.jpg)
Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench deleted addition on the ground of alleged non-genuine purchase as the sale of Cotton Wash...



![Sec 69 of Income Tax Act not applicable when amount represents Sale Proceeds realized by Company: ITAT [Read Order] Sec 69 of Income Tax Act not applicable when amount represents Sale Proceeds realized by Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Act-Income-Tax-Tax-Company-Sale-Sale-Proceeds-ITAT-Taxscan.jpg)
![Claim of Writing Off old dues cannot allow in the Absence of Evidence, old due payable is Taxable: ITAT [Read Order] Claim of Writing Off old dues cannot allow in the Absence of Evidence, old due payable is Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Claim-writing-off-old-dues-absence-of-evidence-evidence-taxable-ITAT-taxscan.jpg)
![Assessing Officer cant invoke jurisdiction u/s 153C and Seize material belonging to a Third Party before 1-6-2015: ITAT [Read Order] Assessing Officer cant invoke jurisdiction u/s 153C and Seize material belonging to a Third Party before 1-6-2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Assessing-Officer-Seize-material-ITAT-jurisdiction-Income-Tax-taxscan.jpg)

![Advertisement Expenses incurred at the Time of Installation of Additional Machinery will result in an enduring benefit, allowable as Revenue Expenditure: ITAT [Read Order] Advertisement Expenses incurred at the Time of Installation of Additional Machinery will result in an enduring benefit, allowable as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Advertisement-Expenses-Advertisement-Expenses-incurred-Additional-Machinery-enduring-benefit-benefit-Revenue-Expenditure-ITAT-Taxscan.jpg)
![No Disallowance of Entire purchases when Sale of Finished product is Taxed: ITAT [Read Order] No Disallowance of Entire purchases when Sale of Finished product is Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Disallowance-of-Entire-purchases-Finished-product-is-Taxed-ITAT-TAXSCAN.jpg)
![No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order] No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Deposit-Bank-Account-Addition-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg)
![No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order] No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nexus-Information-Escapement-of-Income-Income-ITAT-Assessment-AO-taxscan.jpg)
![Charging Patients at Market Rates: ITAT denies Income Tax Exemptions to Fernandez Foundation [Read Order] Charging Patients at Market Rates: ITAT denies Income Tax Exemptions to Fernandez Foundation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Income-Tax-Exemptions-Fernandez-Foundation-Income-Tax-Exemptions-to-Fernandez-Foundation-taxscan.jpg)
![No Due Verification of Records by AO: ITAT allows deletion of Addition on Unexplained Cash Deposits [Read Order] No Due Verification of Records by AO: ITAT allows deletion of Addition on Unexplained Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-due-verification-of-records-by-AO-ITAT-allows-deletion-of-addition-on-unexplained-cash-deposits-TAXSCAN.jpg)
![Non-filing of Form 27C: ITAT denies TCS Exemption u/s 206C to Seller [Read Order] Non-filing of Form 27C: ITAT denies TCS Exemption u/s 206C to Seller [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-filing-of-Form-27C-ITAT-TCS-Exemption-Seller-Form-27C-taxscan.jpg)