![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]")
Addition can’t be made on sole basis of Statement of Director during Search: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently held that the department cannot make addition merely on the basis of the...
![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]](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]")
![Search u/s 132 must be on the Basis of Credible Information, says Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Search u/s 132 must be on the Basis of Credible Information, says Delhi HC [Read Judgment]")
Block Assessment in the name of a Dead Person is Valid if No Objection was raised at the Time of Notice: SC [Read Order]
The two-judge bench of the Supreme court, recently ruled that assessment under secton 158BC of the Income Tax Act made in the name of a dead person cannot be held as invalid if no objection were...
![Block Assessment in the name of a Dead Person is Valid if No Objection was raised at the Time of Notice: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Block Assessment in the name of a Dead Person is Valid if No Objection was raised at the Time of Notice: SC [Read Order]")