![Absence of bills and Invoices of wrist watches found during search not a reason for addition u/s 69A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/bills-and-Invoices-wrist-watches-search-Income-Tax-Act-ITAT-TAXSCAN.jpg "Absence of bills and Invoices of wrist watches found during search not a reason for addition u/s 69A of Income Tax Act: ITAT [Read Order]")
Absence of bills and Invoices of wrist watches found during search not a reason for addition u/s 69A of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that the absence of bills and invoices for wristwatches found during the search...
![ITAT directs to compute addition towards 2% of profit on sale of silver by assessee found during Search proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-to-compute-addition-towards-profit-on-sale-of-silver-by-assessee-found-during-Search-proceedings-TAXSCAN.jpg "ITAT directs to compute addition towards 2% of profit on sale of silver by assessee found during Search proceedings [Read Order]")
![ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-deletes-Penalty-Imposed-Income-Tax-Act-on-account-of-Cash-received-by-Minor-Grandson-On-Birthday-during-Search-Proceedings-TAXSCAN.jpg "ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order]")
![Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Delay-Completing-Assessment-Bombay-HC-Compensation-Assessee-Taxscan.jpeg "Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee [Read Order]")
![No Recovery on Spot during Search proceedings in GST cases: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/recovery-on-the-spot-search-proceedings-GST-cases-Gujarat-High-Court-Taxscan.jpg "No Recovery on Spot during Search proceedings in GST cases: Gujarat High Court [Read Order]")
Gujarat High Court to hear case alleging GST Authority unduly Harassing, Coercing for payment of Tax and Penalty [Read Order]
The Gujarat High Court will hear case alleging tax authority unduly harassing, coercing for payment of tax and penalty. The petitioner, M/s Hemani Intermediates Pvt. Ltd. stated that during...
![Gujarat High Court to hear case alleging GST Authority unduly Harassing, Coercing for payment of Tax and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Gujarat-High-court-tax-authority-harassing-coercing-payment-of-tax-penalty-Taxscan.jpeg "Gujarat High Court to hear case alleging GST Authority unduly Harassing, Coercing for payment of Tax and Penalty [Read Order]")
Income surrendered during search can set off against Business Loss for Other Years as S. 115BBE Amendment effective from AY 2017-18: ITAT [Read Order]
In M/s. Pitamber Commodity Futures Private Limited vs. ACIT, the Income Tax Appellate Tribunal (ITAT), Jaipur bench held that Income surrendered during search can be set off against business loss for...
![Income surrendered during search can set off against Business Loss for Other Years as S. 115BBE Amendment effective from AY 2017-18: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Voluntary-Surrender-Taxscan.jpg "Income surrendered during search can set off against Business Loss for Other Years as S. 115BBE Amendment effective from AY 2017-18: ITAT [Read Order]")
MoU found during Search can’t be treated as ‘belong to Assessee’ as it does not contain Signature of Assessee: ITAT [Read Order]
In the recent ruling, Arsh Home Private Ltd v. Deputy Commissioner of Income-tax (DCIT), the Delhi bench of Income Tax Appellate Tribunal (ITAT) held that Memorandum of Understanding found during the...
![MoU found during Search can’t be treated as ‘belong to Assessee’ as it does not contain Signature of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Search-Taxscan.jpg "MoU found during Search can’t be treated as ‘belong to Assessee’ as it does not contain Signature of Assessee: ITAT [Read Order]")
![A Family can possess up to 1450 gms Jewellery: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Jewellery-CBDT-ITAT-Taxscan.jpg "A Family can possess up to 1450 gms Jewellery: ITAT follows CBDT Circular [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]")
SC Confirms Block Assessment since ‘Reasons to believe’ shall not be disclosed for Search Proceedings [Read Order]
A two-judge bench of the Supreme Court, by relying on the recent amendment in section 132/132A of the Income Tax Act held that the authorities shall not disclose the ‘reason to believe’ or ‘reason to...
![SC Confirms Block Assessment since ‘Reasons to believe’ shall not be disclosed for Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "SC Confirms Block Assessment since ‘Reasons to believe’ shall not be disclosed for Search Proceedings [Read Order]")