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![ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order] ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-Amount-Validly-Explained-as-Professional-Income-Addition-taxscan.jpg)
ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted addition under Section 69 on amount that had been validly explained as...


![ITAT Invalidates Reassessment as Notice u/s 143(2) Not Issued Within Time Limit [Read Order] ITAT Invalidates Reassessment as Notice u/s 143(2) Not Issued Within Time Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Invalidates-Reassessment-Notice-Reassessment-taxscan.jpg)
![ITAT deletes Penalty for Same Defaults Under Section 271(1)(b) in Second Round [Read Order] ITAT deletes Penalty for Same Defaults Under Section 271(1)(b) in Second Round [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Second-Round-Defaults-ITAT-deletes-Penalty-Same-Defaults-ITAT-deletes-Penalty-for-Same-Defaults-Penalty-ITAT-Taxscan.jpg)
![ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order] ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Income-Tax-Act-Insufficient-Evidence-of-Bogus-Transaction-Insufficient-Evidence-Bogus-Transaction-Evidence-taxscan.jpg)
![Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order] Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Carbon-Credit-Receipt-is-Capital-Receipt-Carbon-Credit-Receipt-Capital-Receipt-ITAT-deletes-Income-Tax-Addition-ITAT-Income-Tax-Addition-Taxscan.jpg)
![Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order [Read Order] Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-AO-ITAT-Income-Tax-Assessment-Order-Assessment-Order-Income-Tax-taxscan.jpg)
![Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order] Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Re-assessment-Order-Issuance-Issuance-of-Notice-Notice-Income-Tax-Act-Income-Tax-Act-is-Invalid-ITAT-taxscan.jpg)
![CIT(A) failed to Admit Additional Evidence as Stipulated under Rule 46A: ITAT directs Fresh Adjudication [Read Order] CIT(A) failed to Admit Additional Evidence as Stipulated under Rule 46A: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CITA-Additional-Evidence-Admit-Additional-Evidence-ITAT-Fresh-Adjudication-taxscan.jpg)
![When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order] When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Order-ITAT-taxscan.jpeg)
![Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order] Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Document-Verification-Opportunity-Verification-IT-Rules-ITAT-Taxscan.jpg)
![Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order] Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Mere-filing-of-Affidavit-sufficient-Capacity-and-Source-Capacity-Assessee-Money-to-Assessee-Money-ITAT-Relief-Income-Tax-taxscan.jpg)
![Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order] Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Rule-Nature-ITAT-violation-Rule-Income-Tax-Rules-TAXSCAN.jpg)