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![No addition shall be made u/s 68 of Income tax act on basis of statement of third party with respect to Sale of Shares carried through proper Banking Channel: ITAT [Read Order] No addition shall be made u/s 68 of Income tax act on basis of statement of third party with respect to Sale of Shares carried through proper Banking Channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Income-tax-Shares-Banking-channels-Sale-of-shares-TAXSCAN.jpg)
No addition shall be made u/s 68 of Income tax act on basis of statement of third party with respect to Sale of Shares carried through proper Banking Channel: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench ruled that no addition should be made under Section 68 of the income Tax Act , 1961 on...



![ITAT directs Re-adjudication with respect to contracts and bills of Client Code Modification carried out by Brokers and Assessee [Read Order] ITAT directs Re-adjudication with respect to contracts and bills of Client Code Modification carried out by Brokers and Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Readjudication-contracts-Client-Code-Modification-Brokers-and-Assessee-taxscan.jpg)
![Failure to produce documentary evidence for establish genuineness of Hotel Business Income: ITAT upholds addition u/s 68 of IT Act [Read Order] Failure to produce documentary evidence for establish genuineness of Hotel Business Income: ITAT upholds addition u/s 68 of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-mumbai-Hotel-business-IT-Act-ITAT-on-Hotel-Business-Documentary-evidence-TAXSCAN.jpg)
![Failure to produce documents of loan transaction and purchase and pledge of shares: ITAT directs re adjudication [Read Order] Failure to produce documents of loan transaction and purchase and pledge of shares: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-mumbai-ITAT-directs-readjudication-loan-transaction-TAXSCAN.jpg)
![ITAT Quashes reassessment proceedings framed on information received from DDIT due to Non Application of mind by AO [Read Order] ITAT Quashes reassessment proceedings framed on information received from DDIT due to Non Application of mind by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-mumbai-ddit-reassessment-proceedings-quashed-reassessment-proceedings-non-Application-of-mind-by-Assessing-officer-taxscan.jpg)
![ITAT directs re adjudication in respect of addition made on receipts of agricultural activity [Read Order] ITAT directs re adjudication in respect of addition made on receipts of agricultural activity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-mumbai-agricultural-activity-ITAT-directs-readjudication-TAXSCAN.jpg)
![Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order] Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Act-ITAT-Mumbai-Assessment-order-Income-Tax-ITAT-decision-on-reassessment-opportunity-Assessment-procedure-under-Income-Tax-Act-ITAT-ruling-on-assessment-fairness-TAXSCAN.jpg)
![Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order] Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-ITAT-Income-Tax-Appellate-Tax-Evasion-Income-Tax-TAXSCAN-1.jpg)
![ITAT Annual Digest [Part 73] ITAT Annual Digest [Part 73]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-Annual-Digest-ITAT-Stories-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-taxscan.jpg)
![Relief to Vodafone: ITAT allows deduction u/s 80 IA of Income Tax Act to undertakings providing telecommunication services [Read Order] Relief to Vodafone: ITAT allows deduction u/s 80 IA of Income Tax Act to undertakings providing telecommunication services [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Relief-Vodafone-ITAT-deduction-Income-Tax-Act-telecommunication-services-TAXSCAN.jpg)
![ITAT Annual Digest [Part 72] ITAT Annual Digest [Part 72]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-Annual-Digest-2023-ITAT-judgments-ITAT-case-analysis-2023-Income-Tax-Appellate-Tribunal-taxscan-1.jpg)
![ITAT Annual Digest [Part 71] ITAT Annual Digest [Part 71]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-Annual-Digest-2023-ITAT-case-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-taxscan-1.jpg)