![Failure to prove Identity, Creditworthiness and Genuineness of receipt of Gift: ITAT upholds Addition made u/s 68 of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-act-income-in-income-tax-act-ITAT-news-TAXSCAN.jpg "Failure to prove Identity, Creditworthiness and Genuineness of receipt of Gift: ITAT upholds Addition made u/s 68 of IT Act [Read Order]")
Failure to prove Identity, Creditworthiness and Genuineness of receipt of Gift: ITAT upholds Addition made u/s 68 of IT Act [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Saktijit Dey, (Vice-President) and M. Balaganesh, (Accountant...
![AO fails to issue notice u/s 148 of Income Tax Act against all Legal Heirs, Issues only against Deceased: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-Legal-heir-registrations-Legal-heirs-Assessing-officer-TAXSCAN.png "AO fails to issue notice u/s 148 of Income Tax Act against all Legal Heirs, Issues only against Deceased: ITAT deletes Addition [Read Order]")
![Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Taxpayer-Operating-Money-Transfer-Business-M-Pesa-Mobile-Wallets-Evident-Bank-Statement-ITAT-Re-Adjudication-taxscan.jpg "Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]")
![Gujarat HC Quashes Assessment order for Violation of Section 144B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Gujarat-HC-Assessment-order-Income-Tax-Act-Gujarat-HC-Quashes-Assessment-order-order-taxscan.jpg "Gujarat HC Quashes Assessment order for Violation of Section 144B of Income Tax Act [Read Order]")
Assessment Order u/s 148 of Income Tax Act passed without considering merging of Transferor Company: Madras HC sets aside Assessment Order [Read Order]
The Madras High Court set aside an assessment order under section 148 of the Income Tax Act, 1961 passed without Considering the Merging of Transferor Company. M/s.Shapoorji Pallonji Samalpatti...
![Assessment Order u/s 148 of Income Tax Act passed without considering merging of Transferor Company: Madras HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Assessment-Income-Tax-Ac-Merging-Transferor-Company-Madras-High-Court-Assessment-Order-taxscan.jpg "Assessment Order u/s 148 of Income Tax Act passed without considering merging of Transferor Company: Madras HC sets aside Assessment Order [Read Order]")
Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69 of the Income Tax Act holding that the books of account could not be rejected based on...
![Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/BOOKSO1.jpg "Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]")
Stay Application Pending against Penalty u/s 147 of Income Tax Ac: Kerala HC stays Recovery Proceedings [Read Order]
A Single bench of Kerala High Court has Stayed recovery proceedings while disposing the stay application pending gainst the penalty levied under Section 147 of Income Tax Act 1961. The petitioner,...
![Stay Application Pending against Penalty u/s 147 of Income Tax Ac: Kerala HC stays Recovery Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Stay-Application-Pending-Penalty-Income-Tax-Act-Kerala-HC-stays-Recovery-Proceedings-TAXSCAN.jpg "Stay Application Pending against Penalty u/s 147 of Income Tax Ac: Kerala HC stays Recovery Proceedings [Read Order]")
No Direction to Refund of Income Tax as the tax Amount already Realised from Account of Co-operative Society: Kerala HC directs to Dispose Appeal Expeditiously [Read Order]
The Kerala High Court directed to dispose appeal expeditiously as direction cannot be given to refund income tax as the tax amount was already realised from the account of the assessee, the...
![No Direction to Refund of Income Tax as the tax Amount already Realised from Account of Co-operative Society: Kerala HC directs to Dispose Appeal Expeditiously [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Direction-to-Refund-Income-Tax-Co-operative-Society-Kerala-HC-Appeal-Dispose-TAXSCAN.jpg "No Direction to Refund of Income Tax as the tax Amount already Realised from Account of Co-operative Society: Kerala HC directs to Dispose Appeal Expeditiously [Read Order]")
Notices for Fixing Date of Hearing sent on Incorrect Email Address: ITAT Directs Re-adjudication [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the notices for fixing date of hearing sent on incorrect email address. The impugned assessment order had...
![Notices for Fixing Date of Hearing sent on Incorrect Email Address: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Notices-for-Fixing-Date-of-Hearing-sent-on-Incorrect-Email-Address-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Notices for Fixing Date of Hearing sent on Incorrect Email Address: ITAT Directs Re-adjudication [Read Order]")
Change of Chartered Accountant resulted in Non-Receiving of Notices: ITAT grants another Opportunity to Assessee [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee due to the change of chartered accountant the assessee didn’t receive the notices. The...
![Change of Chartered Accountant resulted in Non-Receiving of Notices: ITAT grants another Opportunity to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Change-Chartered-Accountant-resulted-Non-Receiving-Notices-ITAT-grants-another-Opportunity-Assessee-taxscan.jpg "Change of Chartered Accountant resulted in Non-Receiving of Notices: ITAT grants another Opportunity to Assessee [Read Order]")
Income Tax: Kerala HC Stays Recovery Proceedings as Appeal and Stay Application Pending before FAA [Read Order]
The Kerala High Court stayed recovery proceedings as appeal and stay application pending before the First Appellate Authority (FAA). The petitioner, Eramaloor Service Co-operative Bank Ltd, is a...
