![Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-Capital-ITAT-taxscan.jpeg "Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]")
Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) held that the addition of unexplained capital will sustain in the absence of...
![Disallowance u/s14A not required When Assessee has not earned any Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Disallowance-assessee-income-ITAT-taxscan.jpg "Disallowance u/s14A not required When Assessee has not earned any Exempt Income: ITAT [Read Order]")
![Mother-in-Law includable as Family Members: ITAT deletes Addition on Excess Gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Family-members-ITAT-Gold-taxscan.jpg "Mother-in-Law includable as Family Members: ITAT deletes Addition on Excess Gold [Read Order]")
![TDS Default on Payment for Property Purchase: ITAT deletes Order since NRI Seller Already Offered Capital Gain for Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/TDS-Payment-Property-Purchase-ITAT-NRI-Seller-Capital-Gain-Tax-taxscan.jpeg "TDS Default on Payment for Property Purchase: ITAT deletes Order since NRI Seller Already Offered Capital Gain for Tax [Read Order]")
![Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Undisclosed-Income-Typographical-Errors-ITAT-taxscan.jpeg "Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]")
Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench has deleted an addition under section 69A of the Income Tax Act, 1961 by holding the deposit of banned notes received by the assessee...
![Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deposit-Cash-Sales-Demonetization-ITAT-Taxscan.jpg "Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]")
Foreign Tax Credit: Form 67 Shall be filed on or before Income Tax Return Due Date, rules ITAT [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Duvvuru Rl Reddy, Judicial Member & Shri S Balakrishnan, Accountant Member has observed that in order to avail...
![Foreign Tax Credit: Form 67 Shall be filed on or before Income Tax Return Due Date, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Foreign-Tax-Credit-Income-Tax-Return-ITAT-taxscan.jpg "Foreign Tax Credit: Form 67 Shall be filed on or before Income Tax Return Due Date, rules ITAT [Read Order]")
Government Securities are classifiable under AFS Category: ITAT confirms Income Tax Deduction allowed for Loss of Govt Securities [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench has held that Government Securities are classifiable under the “Available For Sale” (AFS)category and confirms the order of deduction...
![Government Securities are classifiable under AFS Category: ITAT confirms Income Tax Deduction allowed for Loss of Govt Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Government-securities-AFS-category-ITAT-deduction-Taxscan.jpeg "Government Securities are classifiable under AFS Category: ITAT confirms Income Tax Deduction allowed for Loss of Govt Securities [Read Order]")
Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]
The Visakhapatnam Bench Income Tax Appellate Tribunal (ITAT) has held that the provision mandating furnishing of PAN with E-TDS has an overriding effect and upholds the applicability of section 206AA...
![Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Provision-mandating-furnishing-PAN-E-TDS-Overriding-Effect-ITAT-Payments-Oral-Agreements-Taxscan.jpeg "Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]")
![Late Fee leviable on Belated filing of TDS Quarterly Returns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Fee-leviable-filing-TDS-Quarterly-Returns-ITAT-Taxscan.jpg "Late Fee leviable on Belated filing of TDS Quarterly Returns: ITAT [Read Order]")
Income Tax cannot be levied on Compensation received from Compulsory Acquisition of Land: ITAT [Read Order]
The Vishakhapatnam bench of the ITAT, comprising Shri Duvvuru Rl Reddy, Judicial Member & Shri S Balakrishnan, Accountant Member has held that the department cannot impose income tax on the...
![Income Tax cannot be levied on Compensation received from Compulsory Acquisition of Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Compensation-Compulsory-Acquisition-Land-ITAT-Taxscan.jpg "Income Tax cannot be levied on Compensation received from Compulsory Acquisition of Land: ITAT [Read Order]")
![Re-Assessment Order without Signature of AO is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Re-Assessment Order without Signature of AO is Invalid: ITAT [Read Order]")