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![ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessees Burden of Proof [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Kolkata-Assessees-Burden-of-Proof-Taxscan.jpg "ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessees Burden of Proof [Read Order]")
ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessee's Burden of Proof [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) deleted an addition of ₹2.30 crore made under Section 68 of the Income Tax Act,1961.It...
No Amendments of S. 406 of Companies Act can be made Which Ceases Operations of Nidhi Companies: Kerala HC on Nidhi Companies Case [Read Order]
The Kerala High Court held that any financial activity ought to be regulated reasonably within the ambit of law, and it cannot glissade into a situation where its operations become impossible, or are...
![No TDS Deduction on Transaction of Assigning Loans by NBFC: ITAT rules in Favour of SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-rules-ITAT-rules-SBI-rules-Assigning-loans-by-NBFC-TAXSCAN.jpg "No TDS Deduction on Transaction of Assigning Loans by NBFC: ITAT rules in Favour of SBI [Read Order]")
![Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Delhi-Income-Tax-Section-68-of-Income-Tax-Act-taxscan.jpg "Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")