![ITAT finds Unsecured Loans from Related Party on Account of Takeover Genuine as Actual Transaction Happened [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-finds-Unsecured-Loans-Unsecured-Loans-Account-of-Takeover-Actual-Transaction-Transaction-Account-of-Takeover-Genuine-taxscan.jpg "ITAT finds Unsecured Loans from Related Party on Account of Takeover Genuine as Actual Transaction Happened [Read Order]")
ITAT finds Unsecured Loans from Related Party on Account of Takeover Genuine as Actual Transaction Happened [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal ( ITAT ) held that the unsecured loans from related parties, arising from the business...
![Unsecured Loan Transaction Duly Substantiated: ITAT upholds Deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unsecured-Loan-Transaction-Duly-Substantiated-Transaction-Duly-ITAT-ITAT-upholds-Deletion-ITAT-upholds-Deletion-of-Addition-taxscan.jpg "Unsecured Loan Transaction Duly Substantiated: ITAT upholds Deletion of Addition [Read Order]")
![Belated Return Filed u/s 139(4) Satisfies Proviso to S.201(1) of Income Tax Act: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-ITAT-Raipur-Income-Tax-Return-filing-TAXSCAN.jpg "Belated Return Filed u/s 139(4) Satisfies Proviso to S.201(1) of Income Tax Act: ITAT Allows Appeal [Read Order]")
![Insufficient Evidence for Unexplained Cash Deposits Contradicts Registered Sale Deed: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Raipur-Income-tax-Cash-Deposit-Insufficient-Evidence-ITAT-Dismisses-Appeal-taxscan.jpg "Insufficient Evidence for Unexplained Cash Deposits Contradicts Registered Sale Deed: ITAT Dismisses Appeal [Read Order]")
![Registered Gift Deed for Immovable Property cannot be Treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Raipur-Income-Tax-Act-Immovable-Property-TAXSCAN.jpg "Registered Gift Deed for Immovable Property cannot be Treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]
In a recent Judgement, the Raipur bench of the Income Tax Appellate Tribunal ( ITAT) ruled that tax implications arise only when the asset is actually sold or transferred, no additions can be made...
![Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Transfer-of-Asset.jpg "Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]")
![Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Capital-Gain-Capital-Gain-Exemption-Income-Tax-Appellate-Tribunal-ITAT-raipur-revision-assessment-Income-Tax-Appellate-Tribunal-taxscan.jpg "Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]")
![Negligence of Assessee throughout Assessment Proceedings: ITAT rejects Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-ITAT-Raipur-Negligence-of-Assessment-Proceedings-TAXSCAN.jpeg "Negligence of Assessee throughout Assessment Proceedings: ITAT rejects Appeal [Read Order]")
No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]
The Delhi High Court directed for the deletion of the penalty imposed by the Assessment Unit ( AO ) and set aside the order of the Commissioner of Income Tax (Appeals), even after the petitioner has...
![No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Scrutiny-Assessment-Delhi-High-Court-ITAT-penalty-TAXSCAN.jpg "No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]")
Interest Expenditure incurred for Earning Income Chargeable under "Income from Business and Profession" Eligible for Deduction u/s 36(1)(iii): ITAT [Read Order]
The two member bench of the Income Tax appellate Tribunal (ITAT), Raipur, has ruled that Expenditures incurred for earning income chargeable under "Income from Other Sources" should be eligible for...
![Interest Expenditure incurred for Earning Income Chargeable under Income from Business and Profession Eligible for Deduction u/s 36(1)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/TAT-Deduction-Interest-Expenditure-Income-from-Business-Income-from-Other-Sources-Section-361iii-of-the-Income-Tax-ITAT-Raipur-taxscan.webp "Interest Expenditure incurred for Earning Income Chargeable under Income from Business and Profession Eligible for Deduction u/s 36(1)(iii): ITAT [Read Order]")
ITAT Restores Case to AO for Proper Verification of Rs. 18.5 Lakhs Unexplained Cash Additions from Opening Balance and Unsecured Loans [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal ( ITAT ) has restored the case to the Assessing Officer ( AO ) for proper verification of the unexplained cash additions totaling Rs. 18.5 lakhs,...
![ITAT Restores Case to AO for Proper Verification of Rs. 18.5 Lakhs Unexplained Cash Additions from Opening Balance and Unsecured Loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-AO-issues-Opening-Balance-TAXSCAN.jpg "ITAT Restores Case to AO for Proper Verification of Rs. 18.5 Lakhs Unexplained Cash Additions from Opening Balance and Unsecured Loans [Read Order]")
