![No addition can be made u/s 153A in absence of incriminating evidence found as a result of search, if the assessment is unabated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-additio-absence-of-incriminating-evidence-found-as-a-result-of-search-assessment-is-unabated-ITAT-TAXSCAN.jpg "No addition can be made u/s 153A in absence of incriminating evidence found as a result of search, if the assessment is unabated: ITAT [Read Order]")
No addition can be made u/s 153A in absence of incriminating evidence found as a result of search, if the assessment is unabated: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal held that in absence of any incriminating material, no addition can be made in the assessment...
![Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Notice-AO-Non-existence-of-assessee-Non-existence-of-assessee-company-on-account-of-Amalgamation-stands-Invalid-ITAT-taxscan.jpg "Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]")
![Quantity of Gold Jewellery Less than Allowable Limit by CBDT Circular not Unexplained Jewellery u/s 69 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Quantity-Gold-Jewellery-Allowable-CBDT-Circular-Unexplained-Jewellery-Income-Tax-Act-ITAT-TAXSCAN.jpg "Quantity of Gold Jewellery Less than Allowable Limit by CBDT Circular not Unexplained Jewellery u/s 69 of Income Tax Act: ITAT [Read Order]")
![Assessee cant claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessee-claim-Deduction-Cash-Purchase-land-Amount-Income-Tax-Act-ITAT-TAXSCAN.jpg "Assessee cant claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]")
![Statutory Approval Given by Quasi-Judicial Authority u/s 153D of Income Tax Act without Due Application of Mind Results in Fatal of Entire Search Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Statutory-Approval-Quasi-Judicial-Authority-Income-Tax-Act-Income-Tax-Search-Assessment-ITAT-Taxscan.jpg "Statutory Approval Given by Quasi-Judicial Authority u/s 153D of Income Tax Act without Due Application of Mind Results in Fatal of Entire Search Assessment: ITAT [Read Order]")
Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) restored the file of the Assessing Officer (AO) for deciding afresh after examination of the relevant supporting details filed by the...
![Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-AO-provide-sufficient-time-details-prevents-verification-assessment-ITAT-readjudication-TAXSCAN-1.jpg "Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]")
Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Lucknow bench held that addition under Section 69 of Income Tax Act should not be made on the basis of a ledger account seized from the third party in...
![Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-shall-not-be-made-on-basis-of-ledger-account-seized-from-third-party-absence-of-clinching-evidence-of-Cash-Payments-towards-purchase-of-Flat-ITAT-TAXSCAN.jpg "Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]")
ITAT dismisses Assessment Order passed u/s 153 of Income Tax Act without recording proper satisfaction [Read Order]
The Income Tax Appellate Tribunal (ITAT) Jaipur bench dismissed the assessment order passed under Section 153 of the Income Tax Act , 1961 without recording proper satisfaction. As per...
![ITAT dismisses Assessment Order passed u/s 153 of Income Tax Act without recording proper satisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Assessment-passed-Income-Tax-Act-recording-satisfaction-TAXSCAN.jpg "ITAT dismisses Assessment Order passed u/s 153 of Income Tax Act without recording proper satisfaction [Read Order]")
No Addition towards Unsecured Loan can be Made by AO in Absence of Incriminating Materials found during Search and Seizure: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT), held that no addition can be made by the AO in absence of any incriminating material found during the course of search under Section 132 of...
![No Addition towards Unsecured Loan can be Made by AO in Absence of Incriminating Materials found during Search and Seizure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Unsecured-Loan-AO-Absence-Incriminating-Materials-Search-Seizure-ITAT-TAXSCAN.jpg "No Addition towards Unsecured Loan can be Made by AO in Absence of Incriminating Materials found during Search and Seizure: ITAT [Read Order]")
Weight of Diamond shall be Excluded to Determine Gross Weight of Jewellery Seized by Income Tax Dept: ITAT [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has held that the weight of diamonds should be excluded to determine the gross weight of jewellery seized by the Income Tax Department. A...
![Weight of Diamond shall be Excluded to Determine Gross Weight of Jewellery Seized by Income Tax Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Weight-of-Diamond-Weight-of-Diamond-shall-be-Excluded-to-Determine-Gross-Weight-Gross-Weight-Gross-Weight-of-Jewellery-taxscan.jpg "Weight of Diamond shall be Excluded to Determine Gross Weight of Jewellery Seized by Income Tax Dept: ITAT [Read Order]")
ITAT upholds Approval Granted u/s 153D of Income Tax Act in light of Seized Material and appraisal report submitted by Investigation Wing [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench upheld that approval granted under Section 153D of Income Tax Act,1961 is in light of seized material and appraisal report submitted...
![ITAT upholds Approval Granted u/s 153D of Income Tax Act in light of Seized Material and appraisal report submitted by Investigation Wing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-ITAT-upholds-Approval-Granted-Income-Tax-Act-Income-Tax-Act-in-light-of-Seized-Material-taxscan.jpg "ITAT upholds Approval Granted u/s 153D of Income Tax Act in light of Seized Material and appraisal report submitted by Investigation Wing [Read Order]")
Income surrendered during Search and Seizure cannot be treated as 'Undisclosed': ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that income surrendered during search and seizure cannot be treated as an undisclosed, deleted penalty under Section 271AAB of the...
![Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-surrendered-during-Search-and-seizure-cannot-be-treated-as-Undisclosed-ITAT-deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]")