Unexplained Money u/s 69A Received Back through Banking Channel as sale Consideration of Shares: ITAT Upholds Addition u/s 115BBE
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has recently, in an appeal filed before it, on finding that unexplained money under section...
![No Tax Levy u/s 115BBE of IT Act on Additional Income offered by assessee during Survey: ITAT quashes Rectification Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Tax-Levy-IT-Act-Additional-Income-ITAT-quashes-Rectification-Order-Additional-Income-offered-by-assessee-Survey-Rectification-Order-ITAT-taxscan.jpg "No Tax Levy u/s 115BBE of IT Act on Additional Income offered by assessee during Survey: ITAT quashes Rectification Order [Read Order]")
![Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Alimony-Received-on-Divorce-is-not-Unexplained-Cash-Credit-Alimony-Received-on-Divorce-Alimony-Unexplained-Cash-Credit-ITAT-Taxscan.jpg "Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]")
![Penalty u/s 271AAC is not Applicable, if Tax u/s 115BBE of Income Tax Act is NIL: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Tax-Income-Tax-Act-ITAT-directs-Readjudication-ITAT-ITAT-Readjudication-Taxscan.jpg "Penalty u/s 271AAC is not Applicable, if Tax u/s 115BBE of Income Tax Act is NIL: ITAT directs Readjudication [Read Order]")
Cash Deposit during Demonetization out of Alimony from Husband: ITAT deletes Addition u/s 115BBE of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has deleted an addition under section 115BBE of the Income Tax Act, 1961 considering the fact that the cash deposit during demonetization was out...
![Cash Deposit during Demonetization out of Alimony from Husband: ITAT deletes Addition u/s 115BBE of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Cash-Deposit-Demonetization-Alimony-from-Husband-Alimony-ITAT-Addition-ITAT-deletes-Addition-Income-Tax-Act-taxscan.jpg "Cash Deposit during Demonetization out of Alimony from Husband: ITAT deletes Addition u/s 115BBE of Income Tax Act [Read Order]")
Income surrendered by way of Account Receivables Not Taxable under Deeming Provisions of 69 r/w S. 115BBE: ITAT [Read Order]
The Chandigarh bench of Income Tax Appellate Tribunal (ITAT)has recently held that income surrendered by way of account receivable was not taxable under deeming provisions of Section 69 read with...
![Income surrendered by way of Account Receivables Not Taxable under Deeming Provisions of 69 r/w S. 115BBE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Account-Receivables-Deeming-Provisions-Income-Tax-ITAT-taxscan.jpg "Income surrendered by way of Account Receivables Not Taxable under Deeming Provisions of 69 r/w S. 115BBE: ITAT [Read Order]")
![No Addition u/s 69A on ground of Denial of S. 80G Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deduction-Income-Tax-ITAT-taxscan.jpg "No Addition u/s 69A on ground of Denial of S. 80G Deduction: ITAT [Read Order]")
Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]
A Division Bench of the Income Tax Appellate Tribunal ( ITAT ), Delhi held that Section 115BBE of Income Tax Act, 1961 not to be triggered by modifying premise of revisional directions. The...
![Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Act-Income-Tax-Tax-revisional-directions-ITAT-taxscan.jpg "Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]")
Addition of Unexplained Credit based on bogus LTCG on Sale of Penny Stock without Cogent evidence is not valid: Delhi HC [Read Order]
The Delhi Bench High Court has held that the Addition of unexplained credit based on bogus LTCG on the sale of penny stock without cogent evidence is not valid. Karuna Garg, the appellant...
![Addition of Unexplained Credit based on bogus LTCG on Sale of Penny Stock without Cogent evidence is not valid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Addition-of-Unexplained-Credit-Addition-Unexplained-bogus-LTCG-bogus-LTCG-Sale-of-Penny-Stock-penny-stock-Cogent-evidence-Delhi-HC-taxscan.jpg "Addition of Unexplained Credit based on bogus LTCG on Sale of Penny Stock without Cogent evidence is not valid: Delhi HC [Read Order]")
Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench deleted Income Tax Addition on the ground that the explanation was past savings of HUF and its members and no other deposits were made during...
![Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Savings-HUF-Members-Deposits-Demonetization-ITAT-Income-Tax-Addition-taxscan.jpeg "Explanation as Past Savings of HUF and Members, No other Deposits during Demonetization: ITAT deletes Income Tax Addition [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]")