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![No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Cash-Purchase-Taxscan.jpg "No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]")
No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition cannot be sustained for making cash payment exceeding monetary...
![Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Silver-Articles-Taxscan.jpg "Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]")
![Assessee can’t be Penalized for Wrong Statement given by Payee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Assessee can’t be Penalized for Wrong Statement given by Payee: ITAT [Read Order]")
![Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Silver-Jewellery-Taxscan.jpg "Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]")
![Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Sale-Plots-Taxscan.jpg "Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]")
![No Addition on the Basis of Statements recorded under S. 133A Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Taxscan.jpg "No Addition on the Basis of Statements recorded under S. 133A Income Tax Act: ITAT [Read Order]")
![Penalty paid to Stock Exchange is a regular Business Expenditure: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Income-Taxscan.jpg "Penalty paid to Stock Exchange is a regular Business Expenditure: ITAT allows Deduction [Read Order]")
Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]
In the case of ACIT 3(1) versus M/s Mashal Hotels Pvt. Ltd, Indore bench of ITAT ruled that re-Assessment on the basis of DVO Report is valid since the original assessment was completed without...
![Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]")
Gold which have been duly Declared in the Wealth Tax Returns can’t be Seized during Search Operations: ITAT says Search Party can decide whether to follow CBDT Guidelines [Read Order]
While hearing the case of Shri Keshav Lila vs Assistant Commissioner of Income Tax, Indore bench of Income Tax Appellate Tribunal (ITAT) held that the gold which have been duly declared in the wealth...
![Gold which have been duly Declared in the Wealth Tax Returns can’t be Seized during Search Operations: ITAT says Search Party can decide whether to follow CBDT Guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Gold which have been duly Declared in the Wealth Tax Returns can’t be Seized during Search Operations: ITAT says Search Party can decide whether to follow CBDT Guidelines [Read Order]")
No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]
Indore bench of Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed by the Assessing Officer (AO) by considering the fact that the assessee conceded the transaction of Sale of...
![No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]")