![Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Additions-Income-Tax-Act-Income-Tax-Income-Tax-Act-cant-be-Initiated-by-AO-without-Furnishing-Necessary-Evidences-AO-ITAT-Taxscan.jpg "Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]")
Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]
The Kolkata Bench held that the assessee has furnished all the evidences proving identity and creditworthiness of the investors and genuineness of...
![Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-earned-from-providing-IT-services-to-Indian-customers-is-taxable-India-due-service-in-India-ITAT-TAXSCAN.jpg "Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]")
![TDS deducted in hands of Transferor Company shall belong to Transferrer Company when Amalgamation Scheme is approved by HC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TDS-deducted-Transferor-Company-shall-belong-to-Transferrer-Company-Amalgamation-Scheme-is-approved-by-HC-ITAT-TAXSCAN.jpg "TDS deducted in hands of Transferor Company shall belong to Transferrer Company when Amalgamation Scheme is approved by HC: ITAT [Read Order]")
![No disallowance on Account of Bonus outstanding paid before due date of filing of Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/disallowance-account-bonus-outstanding-due-date-filing-return-ITAT-TAXSCAN.jpg "No disallowance on Account of Bonus outstanding paid before due date of filing of Return: ITAT [Read Order]")
![Issuance of notice u/s 148 of Income Tax Act for Reassessment shall not be made without Reasonable Belief: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Issuance-notice-Income-Tax-Act-Reassessment-Reasonable-Belief-ITAT-taxscan.jpg "Issuance of notice u/s 148 of Income Tax Act for Reassessment shall not be made without Reasonable Belief: ITAT [Read Order]")
Assessment order without DIN is Violation of CBDT Circular 2019: ITAT declares order Void ab initio [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has held that assessment order passed without Document Identification Number (DIN) is violation of Central Board Direct Tax (CBDT) circular...
![Assessment order without DIN is Violation of CBDT Circular 2019: ITAT declares order Void ab initio [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-order-DIN-CBDT-ITAT-Void-ab-initio-ITAT-TAXSCAN.jpg "Assessment order without DIN is Violation of CBDT Circular 2019: ITAT declares order Void ab initio [Read Order]")
ITAT quashes Addition for Unexplained Expenditure made on mere Extrapolation and Presumption [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that addition for unexplained expenditure could not be made on mere extrapolation and presumption. The assessee, Assam Kerala...
![ITAT quashes Addition for Unexplained Expenditure made on mere Extrapolation and Presumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Unexplained-Expenditure-Extrapolation-Presumption-Taxscan.jpeg "ITAT quashes Addition for Unexplained Expenditure made on mere Extrapolation and Presumption [Read Order]")
Accumulated Profits to be arrived after allowing Depreciation as per Income Tax Act and not Companies Act: ITAT deletes Addition[Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding that accumulated profits should be arrived after allowing depreciation as per Income Tax Act, 1961 and not...
![Accumulated Profits to be arrived after allowing Depreciation as per Income Tax Act and not Companies Act: ITAT deletes Addition[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Accumulated-Profits-Depreciation-Income-Tax-Act-Companies-Act-ITAT-TAXSCAN.jpg "Accumulated Profits to be arrived after allowing Depreciation as per Income Tax Act and not Companies Act: ITAT deletes Addition[Read Order]")
![Addition cannot be based SMS or WhatsApp Messages without Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Addition-SMS-WhatsApp-Messages-Corroborative-Evidence-ITAT-Income-Tax-taxscan-.jpg "Addition cannot be based SMS or WhatsApp Messages without Corroborative Evidence: ITAT [Read Order]")
No Disallowance u/s 40a(ia) of Income Tax Act when due Tax has been made by Recipient of Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that no disallowance under Section 40a(ia) of the Income Tax Act, 1961 can be claimed when due tax has been made by recipient of income. ...
![No Disallowance u/s 40a(ia) of Income Tax Act when due Tax has been made by Recipient of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Disallowance-Income-Tax-Act-Tax-income-ITAT-Income-Tax-taxscan.jpg "No Disallowance u/s 40a(ia) of Income Tax Act when due Tax has been made by Recipient of Income: ITAT [Read Order]")
![Extraordinary Profit cannot be a criterion for Adjustment in Transfer Price: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Extraordinary-Profit-Transfer-Price-ITAT-taxscan.jpg "Extraordinary Profit cannot be a criterion for Adjustment in Transfer Price: ITAT [Read Order]")