![ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletion-of-Addition-Cash-Found-Search-Demonetisation-Fiduciary-Status-Director-of-Company-taxscan.jpg "ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]")
ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition under Section 69A of the Income Tax Act 1961 upon cash...
![Assessee could not Recall Details of Income within Specified time due to Old Age: ITAT Quashes Addition u/s 115BBE [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Recall-Assessee-could-not-Recall-Details-of-Income-Income-Old-Age-ITAT-taxscan-1.jpg "Assessee could not Recall Details of Income within Specified time due to Old Age: ITAT Quashes Addition u/s 115BBE [Read Order]")
![Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Additional-income-surrendered-course-Survey-Proceedings-taxed-Income-Tax-ITAT-quashes-Revision-Order-taxscan.jpg "Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]")
![ITAT upholds Assessment Order passed u/s 143(3) of Income Tax Act based on intimation made by section 143(1) of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-assesment-assesment-order-income-tax-act-taxscan.jpg "ITAT upholds Assessment Order passed u/s 143(3) of Income Tax Act based on intimation made by section 143(1) of Act [Read Order]")
![Excess cash found during course of Survey shall not be taxed under head of Business Income attracts Higher Tax Rate u/s 115BBE of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Excess-cash-Excess-cash-found-during-course-of-Survey-course-of-Survey-Excess-cash-found-during-course-of-Survey-shall-not-be-taxed-under-head-of-Business-income-Attracts-Higher-tax-rate-taxscan.jpg "Excess cash found during course of Survey shall not be taxed under head of Business Income attracts Higher Tax Rate u/s 115BBE of Income Tax Act: ITAT [Read Order]")
Section 115BBE of Income Tax Act not applicable on Surrendered Income on account of Excess Stock found during course of Survey: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Indore bench held that Section 115BBE of the Income Tax Act, 1961 is not applicable on surrendered income on account of excess stock found during the course...
![Section 115BBE of Income Tax Act not applicable on Surrendered Income on account of Excess Stock found during course of Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Section-115BBE-of-Income-Tax-Act-Income-Tax-Act-Surrendered-Income-Surrendered-Income-on-account-of-Excess-Stock-Income-account-of-Excess-Stock-ITAT-taxscan.jpg "Section 115BBE of Income Tax Act not applicable on Surrendered Income on account of Excess Stock found during course of Survey: ITAT [Read Order]")
![Internet Expenses, Labour Charges as Allowable Business Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Internet-Expenses-Labour-Charges-Business-Expenses-ITAT-Income-Tax-taxscan.jpg "Internet Expenses, Labour Charges as Allowable Business Expenses: ITAT [Read Order]")
Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the cash deposits from earlier withdrawals cannot be totally disbelieved, thus, the bench allowed deduction on the cash...
![Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposits-earlier-withdrawals-Totally-Disbelieved-ITAT-Deduction-Cash-Deposit-TAXSCAN.jpg "Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]")
Additional Income not from any Unexplained Source should be Taxable at Normal Tax Rates as Applicable to Business Income: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT) held that the additional income which was not derived from the unexplained sources should be taxable at normal tax rates as same as...
![Additional Income not from any Unexplained Source should be Taxable at Normal Tax Rates as Applicable to Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-Assessung-officer-Income-Tax-Act-Income-Surrendered-income-unexplained-source-Tax-Rate-Business-taxscan.jpg "Additional Income not from any Unexplained Source should be Taxable at Normal Tax Rates as Applicable to Business Income: ITAT [Read Order]")
Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) held that Non-mentioning of the business income in the books of account cannot be the sole reason to invoke the provisions of Section...
![Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Business-income-Non-Mentioning-of-Business-Income-Books-of-Account-Business-Income-in-Books-of-Account-Invoke-taxscan.jpg "Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]")
Set off of any Loss Prior to AY 2016-17 cannot be Denied u/s 115BBE of Income Tax Act: ITAT [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that set-off of any loss or deduction of any expenditure of business income, prior to Assessment Year (AY) 2016-17 cannot be denied...
![Set off of any Loss Prior to AY 2016-17 cannot be Denied u/s 115BBE of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/income-tax-act-income-tax-act-set-off-ITAT-loss-denial-taxscan.jpg "Set off of any Loss Prior to AY 2016-17 cannot be Denied u/s 115BBE of Income Tax Act: ITAT [Read Order]")
Addition made by AO u/s. 115BBE of Income Tax Act on ground of Late filing of ROI: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to re-adjudicatethe addition made under section 115BBE of the Income Tax Act, 1961 on the ground of...
![Addition made by AO u/s. 115BBE of Income Tax Act on ground of Late filing of ROI: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-made-by-AO-Addition-AO-Income-Tax-Act-Late-filing-of-ROI-Late-filing-ROI-ITAT-Directs-Re-adjudication-ITAT-Income-Tax-taxscan.jpg "Addition made by AO u/s. 115BBE of Income Tax Act on ground of Late filing of ROI: ITAT Directs Re-adjudication [Read Order]")