![No Documentary Evidence found in respect of On-Money Receipt: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Documentary-Evidence-On-Money-Receipt-ITAT-Income-Tax-Addition-taxscan.jpeg "No Documentary Evidence found in respect of On-Money Receipt: ITAT deletes Income Tax Addition [Read Order]")
No Documentary Evidence found in respect of On-Money Receipt: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai deleted addition as no incriminating material found in respect of on-money receipt. A search...
![Stay order made u/S 220 (6) of the Income Tax Act must be a Speaking Order: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Order-Income-Tax-speaking-order-Madras-HC-taxscan.jpg "Stay order made u/S 220 (6) of the Income Tax Act must be a Speaking Order: Madras HC [Read Order]")
![No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-TDS-deduction-payment-of-sale-ITAT-taxscan.jpg "No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]")
![Non-Recording of Satisfaction Note and Absence of Nexus between Reassessment, ITAT erred in remitting issues on Merit: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/01/DDA-Capital-Gain-Deduction-Flats-Delhi-High-Court-Taxscan.jpg "Non-Recording of Satisfaction Note and Absence of Nexus between Reassessment, ITAT erred in remitting issues on Merit: Delhi HC [Read Judgment]")
![Addition can’t be made on sole basis of Statement of Director during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Addition-Search-ITAT-Taxscan.jpg "Addition can’t be made on sole basis of Statement of Director during Search: ITAT [Read Order]")
![Seized Trade-in-Stock in the Custody must be Released within 120 days: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/01/Confiscation-Seizure-GST-Taxscan.jpg "Seized Trade-in-Stock in the Custody must be Released within 120 days: Delhi HC [Read Judgment]")
![No Tax Relief to Trust for Gift made to an Unregistered Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Unregistered-Trust-Taxscan.jpg "No Tax Relief to Trust for Gift made to an Unregistered Trust: ITAT [Read Order]")
ITAT Grants Relief to Assessee as Jewellery found during Search was within the limit prescribed in CBDT Circular [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Shri Ashok Jain v. ACIT, Mumbai held that where jewellery was found with the assessee within the limit prescribed by the CBDT...
![ITAT Grants Relief to Assessee as Jewellery found during Search was within the limit prescribed in CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Jewellery-CBDT-ITAT-Taxscan.jpg "ITAT Grants Relief to Assessee as Jewellery found during Search was within the limit prescribed in CBDT Circular [Read Order]")
Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]
The division Bench of the Delhi High Court in Pr.Commissioner of Wealth Tax vs. Raghu Hari Dalmia held that a valuation report made by a registered valuer once adopted shall be in effect for four...
![Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Valuation-Report-Delhi-High-Court-Taxscan.jpg "Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]")
Amount given as Security for Purchase of Flat cannot be treated as ‘Deemed Dividend’: ITAT [Read Order]
In the case of DCIT vs. Smt. Sriram Satyavathi, Visakhapatnam bench of Income Tax Appellate Tribunal (ITA) recently held that amount given as security for purchase of flat cannot be treated as ‘deemed...
![Amount given as Security for Purchase of Flat cannot be treated as ‘Deemed Dividend’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Transfer-of-Possession-of-Flats-Taxscan.jpg "Amount given as Security for Purchase of Flat cannot be treated as ‘Deemed Dividend’: ITAT [Read Order]")
Money belonging to assessee which was deposited in the P.D A/c of Dept on Valuation date is not subject to Wealth Tax: ITAT Hyderabad [Read Order]
In Shri B. Rajeswar Rao v. ACIT, a division bench of the Hyderabad ITAT held that the cash seized from the assessee during search cannot be made liable to Wealth Tax if the same was deposited with the...
![Money belonging to assessee which was deposited in the P.D A/c of Dept on Valuation date is not subject to Wealth Tax: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Money belonging to assessee which was deposited in the P.D A/c of Dept on Valuation date is not subject to Wealth Tax: ITAT Hyderabad [Read Order]")