![Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Adjudication-Verification-Cash-Credit-Unexplained-Cash-Credit-Income-Tax-Act-TAXSCAN.jpg "Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]")
Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) remanded the matter to the Assessing Officer (AO) for proper verification and...
![ITAT directs AO to deletes addition of 3.92 Lakhs if Market Value difference is within 10% Tolerance limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-ITAT-Mumbai-Stamp-duty-valuation-Stamp-duty-warehouse-stamp-duty-taxscan.jpg "ITAT directs AO to deletes addition of 3.92 Lakhs if Market Value difference is within 10% Tolerance limit [Read Order]")
![ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Return-ITAT-Income-Tax-Commissioner-TAXSCAN.jpg "ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]")
![CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-CITA-Income-Tax-Return-Income-Tax-CITA-Fails-Commissioner-of-Income-Tax-Appeals-Taxscan.jpg "CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]")
![Faceless Personal Hearing u/s 144B(6)(8) should be Granted Mandatorily if Requested: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Madras-High-Court-Section-144B68-of-the-Income-Tax-Act-Faceless-Hearing-taxscan.jpeg "Faceless Personal Hearing u/s 144B(6)(8) should be Granted Mandatorily if Requested: Madras HC [Read Order]")
Documents Enclosed with Email not taken into Consideration: Madras HC sets aside Income Tax Assessment Order [Read Order]
In a recent ruling, the Madras High Court set aside an income tax assessment order on the grounds that the documents enclosed with an email by the petitioner were not taken into consideration. The...
![Documents Enclosed with Email not taken into Consideration: Madras HC sets aside Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Documents-Enclosed-Email-Consideration-Madras-HC-Income-Tax-Assessment-Order-taxscan.jpg "Documents Enclosed with Email not taken into Consideration: Madras HC sets aside Income Tax Assessment Order [Read Order]")
SCN Provided only One Day Time for Reply: Madras HC sets aside Income Tax Assessment Order for Breach of Natural Justice [Read Order]
The Madras High Court set aside an impugned assessment order issued by the Income Tax Department, which provided only one day for the petitioner to reply, citing a breach of natural justice...
![SCN Provided only One Day Time for Reply: Madras HC sets aside Income Tax Assessment Order for Breach of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/SCN-Madras-HC-Income-Tax-Assessment-Order-Natural-Justice-taxscan.jpg "SCN Provided only One Day Time for Reply: Madras HC sets aside Income Tax Assessment Order for Breach of Natural Justice [Read Order]")
Addition on Unaccounted Sales and Purchases under Income Tax Act Solely Based on Loose Slips is Invalid: ITAT [Read Order]
The Banglore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the addition on unaccounted sales and purchases under the income tax act solely based on loose slips is invalid and deleted...
![Addition on Unaccounted Sales and Purchases under Income Tax Act Solely Based on Loose Slips is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-Income-tax-act-sales-and-purchases-TAXSCAN.jpg "Addition on Unaccounted Sales and Purchases under Income Tax Act Solely Based on Loose Slips is Invalid: ITAT [Read Order]")
Assessment cannot be made on Mere Presumption of Existence of Incriminating Material: Delhi HC upholds quashing of Assessment Order [Read Order]
Delhi High Court upheld the quashing of reassessment order and held that the assessment cannot be made on mere presumption of existence of incriminating material. During the course of search, it...
No Order can be Passed in Name of Non-Existent Entity: ITAT quashes Income Tax Assessment Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the Income Tax Assessment Order, stating that no order can be passed in the name of a non-existent entity. The issue to be...
![No Order can be Passed in Name of Non-Existent Entity: ITAT quashes Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Mumbai-Income-Tax-Assessment-Order-Order-Passed-Non-Existent-Entity-Income-Tax-Income-Tax-Update-Taxscan.jpg "No Order can be Passed in Name of Non-Existent Entity: ITAT quashes Income Tax Assessment Order [Read Order]")
![Invalid Notice issued prior to Filing of ITR: ITAT quashes Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-appellate-tribunal-ITR-filling-Invalid-notices-Invalid-notice-issues-TAXSCAN.jpg "Invalid Notice issued prior to Filing of ITR: ITAT quashes Assessment order [Read Order]")
Source of Funds Adequately Explained: ITAT Deletes Addition under Section 68 of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an addition under Section 68 of the Income Tax Act, 1961 concluding that the source of funds was prima facie sufficiently...
![Source of Funds Adequately Explained: ITAT Deletes Addition under Section 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Appellate-Tribunal-Section-68-of-the-Income-Tax-act-Income-Tax-Income-Tax-act-source-of-funds-taxscan.jpg "Source of Funds Adequately Explained: ITAT Deletes Addition under Section 68 of Income Tax Act [Read Order]")