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![No addition can be made u/s 153A in absence of incriminating evidence found as a result of search, if the assessment is unabated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-additio-absence-of-incriminating-evidence-found-as-a-result-of-search-assessment-is-unabated-ITAT-TAXSCAN.jpg "No addition can be made u/s 153A in absence of incriminating evidence found as a result of search, if the assessment is unabated: ITAT [Read Order]")
No addition can be made u/s 153A in absence of incriminating evidence found as a result of search, if the assessment is unabated: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal held that in absence of any incriminating material, no addition can be made in the assessment...
![Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Onus-Prove-Accrual-Capital-Gain-Assessee-ITAT-Order-income-tax-taxscan.jpg "Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]")
![VAT collected Separately from Customer differ from Charges u/s 40 (a) (iib), Deduction allowable: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/VAT-Customer-differ-Charges-Deduction-ITAT-Revisional-Order-TAXSCAN.jpg "VAT collected Separately from Customer differ from Charges u/s 40 (a) (iib), Deduction allowable: ITAT quashes Revisional Order [Read Order]")
![No Material Records to invoke Disallowance u/s 40A(3): ITAT directs AO to estimate Addition at 10% for Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/material-disallowance-ITAT-AO-Purchases-TAXSCAN.jpg "No Material Records to invoke Disallowance u/s 40A(3): ITAT directs AO to estimate Addition at 10% for Purchases [Read Order]")
![ITAT deletes Penalty against Balaji Telefilms on grounds of non-specific charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Balaji-Telefilms-Penalty-Taxscan.jpg "ITAT deletes Penalty against Balaji Telefilms on grounds of non-specific charges [Read Order]")
![ITAT confirms deletion of Penalty against ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-ICICI-Bank-Penalty-Taxscan.jpg "ITAT confirms deletion of Penalty against ICICI Bank [Read Order]")
Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]
In a recent decision in Nitin Kumar Ganeriwala vs. Income Tax Officer, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that excess expenditure cannot be allowed since...
![Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]")
![ITAT confirms Penalty since Wealth Tax Return was Filed after Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "ITAT confirms Penalty since Wealth Tax Return was Filed after Search Proceedings [Read Order]")
Private Company held by a Public Company can be treated as a ‘Public Company’ for the purpose of Deduction u/s 43B: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that a private company held by a public company can be treated as a public company for the purpose of getting deduction under...
![Private Company held by a Public Company can be treated as a ‘Public Company’ for the purpose of Deduction u/s 43B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan.jpg "Private Company held by a Public Company can be treated as a ‘Public Company’ for the purpose of Deduction u/s 43B: ITAT [Read Order]")
Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]
Capital gain Tax on crediting revaluation surplus to partners account settling their accounts on their retirement is taxable in the hands of such partners, not from the Firm, said the Mumbai bench of...
![Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]")