![ITAT Upholds Deletion of Addition made on Account of Unsecured Loan due to Failure to Produce Genuine Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Uphold-Delete-Addition-Assessing-officer-Unsecured-Loan-Non-submission-genuine-Documents-ITAT-income-tax-taxscan.jpg "ITAT Upholds Deletion of Addition made on Account of Unsecured Loan due to Failure to Produce Genuine Documents [Read Order]")
ITAT Upholds Deletion of Addition made on Account of Unsecured Loan due to Failure to Produce Genuine Documents [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) for deleting the...
![Cessation of Liabilty u/s 41(1) of Income Tax Act cannot be treated as Income for Addition : ITAT sets aside Addition[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cessation-of-Liabilty-Income-Tax-Act-Income-Tax-Income-for-Addition-ITAT-sets-aside-Addition-taxscan.jpg "Cessation of Liabilty u/s 41(1) of Income Tax Act cannot be treated as Income for Addition : ITAT sets aside Addition[Read Order]")
![No Penalty u/s 271D if Reasonable Cause shown by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Reasonable-Cause-shown-by-Assessee-ITAT-Assessee-Reasonable-Cause-Taxscan.jpg "No Penalty u/s 271D if Reasonable Cause shown by Assessee: ITAT [Read Order]")
![Revenue can bring Expenditure Incurred in Earlier Years to be Taxed in Subsequent Years on Bogus Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Revenue-can-bring-Expenditure-Incurred-Expenditure-Incurred-in-Earlier-Years-Revenue-Expenditure-Bogus-Expenditure-ITAT-Taxscan.jpg "Revenue can bring Expenditure Incurred in Earlier Years to be Taxed in Subsequent Years on Bogus Expenditure: ITAT [Read Order]")
Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]
In a recent ruling, a Division Bench of Bombay High Court while dismissing the appeal, upheld the order of the Income Tax Appellate Tribunal (ITAT) that the purchases from ten parties were bogus and...
![Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Works-by-Government-Agencies-Complete-if-Entire-Purchases-Non-genuine-Bombay-HC-ITATs-order-on-Bogus-Purchases-TAXSCAN.jpg "Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]")
All the Cash Deposits in Saving Account is not Income of Assessee: ITAT allows Appeal [Read Order]
The Ahmadabad bench of the Income Tax Appellate Tribunal (ITAT), while allowing the appeal filed by the assesee, recently held that all cash deposits in the savings account could not be considered as...
![All the Cash Deposits in Saving Account is not Income of Assessee: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Cash-Deposits-in-Saving-Account-Saving-Account-Cash-Deposits-Income-of-Assessee-ITAT-Appeal-taxscan.jpg "All the Cash Deposits in Saving Account is not Income of Assessee: ITAT allows Appeal [Read Order]")
Income Tax Portal enables ‘Comply to Notice’ Feature: Taxpayers can now View and Submit Responses to Notices u/s 133(6) [Read Order]
The Income Tax e-Portal has releases a new functionality to enable taxpayers to reply to submit response to any ITBA notice/document DIN not linked to PAN/TAN or Notice under Section 133(6) where...
![Income Tax Portal enables ‘Comply to Notice’ Feature: Taxpayers can now View and Submit Responses to Notices u/s 133(6) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Portal-Income-tax-Taxpayers-Notices-taxscan.jpg "Income Tax Portal enables ‘Comply to Notice’ Feature: Taxpayers can now View and Submit Responses to Notices u/s 133(6) [Read Order]")
![Job Work Expenses cant be disallowed in absence of Culpable Evidence with Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Job-Work-Expenses-Culpable-Evidence-Culpable-Evidence-with-Revenue-ITAT-Income-Tax-Taxscan-.jpg "Job Work Expenses cant be disallowed in absence of Culpable Evidence with Revenue: ITAT [Read Order]")
Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench refused to condone delay of 239 days as there was due knowledge of outcome for withdrawal application tendered before First Appellate Authority...
![Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/FAA-ITAT-Condone-delay-taxscan.jpeg "Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]")
Income Tax Exemption Available to the Defence Forces Personnel Invalidated from Service on Account of Bodily Disability: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, as recently, in an appeal filed before it, held that income tax exception shall be available to the Defence Forces Personnel who have been...
![Income Tax Exemption Available to the Defence Forces Personnel Invalidated from Service on Account of Bodily Disability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Exemption-Defence-Forces-Service-Bodily-Disability-ITAT-taxscan.jpeg "Income Tax Exemption Available to the Defence Forces Personnel Invalidated from Service on Account of Bodily Disability: ITAT [Read Order]")
![Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/business-losses-speculative-income-ITAT-taxscan.jpg "Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]")