![Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Madras-HC-Madras-HC-orders-Assessment-Over-Insufficient-details-employees-Cash-Transactions-Fresh-Assessment-Over-Insufficient-details-Madras-High-Court-insufficient-details-Taxscaan-3.jpg "Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]")
Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]
In a recent ruling, the Madras High Court ruled in favour of the assessee and ordered fresh assessment due to insufficient details in the assessment...
![Failure to Adjudicate Issue u/s 148 of Income Tax Act: ITAT Remands Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-Section-148-of-Income-Tax-Act-taxscan.jpg "Failure to Adjudicate Issue u/s 148 of Income Tax Act: ITAT Remands Case to CIT(A) [Read Order]")
![ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Sales-Transactions-Cash-credit-addition-deletion-taxscan.jpg "ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]")
![ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Incorrect-Ownership-Assumption-Case-Taxscan.jpg "ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]")
ITAT upholds CIT(A) Decision, Dismisses Revenue's Appeal Over Alleged Bogus Transactions [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (CIT) Appeals' decision to delete the addition under Income tax act made by the Assessing Officer...
![ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-itat-Ahmedabad-income-tax-appeal-taxscan.jpg "ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]")
![ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Income-Tax-Addition-TAXSCAN.jpg "ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]")
Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) was recently faced with a matter wherein an Assessee’s Cash Deposits in their Savings Bank Account were treated as ‘Unexplained...
![Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Hyderabad-Cash-Deposit-Income-Tax-Assessment-Income-Tax-Income-Tax-Appellate-Tribunal-Taxscan.jpg "Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]")
ITAT upholds Non-taxability of Google Ireland's Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]
In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the non-taxability of Google Ireland's Ad revenue in India and held that the payments are not classified...
![ITAT upholds Non-taxability of Google Irelands Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Google-Ireland-ad-revenue-Fees-for-technical-service-India-Google-ad-revenue-tax-India-taxscan.jpg "ITAT upholds Non-taxability of Google Irelands Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]")
AO made S.68 addition based on the Third Party Statement, Discrediting Evidence: ITAT deletes addition [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellatte Tribunal ( ITAT ) allowed the appeal filed by the assessee and deleted the addition made by AO under Section 68 of the Income Tax Act...
![AO made S.68 addition based on the Third Party Statement, Discrediting Evidence: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/AO-Third-Party-Statement-Discrediting-Evidence-ITAT-TAXSCAN.jpg "AO made S.68 addition based on the Third Party Statement, Discrediting Evidence: ITAT deletes addition [Read Order]")
Repeated Non-appearance before CIT(A) & AO without Justifiable Cause: ITAT Confirms Addition & Penalty on Unexplained Transaction of ₹83.4L [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed the addition and penalty on unexplained transactions of Rs. 83.4 lakhs due to the assessee's repeated non-appearance before...
![Repeated Non-appearance before CIT(A) & AO without Justifiable Cause: ITAT Confirms Addition & Penalty on Unexplained Transaction of ₹83.4L [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-ITAT-Confirms-Repeated-Non-appearance-Penalty-on-Unexplained-Transaction-Justifiable-Cause-assessing-officer-taxscan.jpg "Repeated Non-appearance before CIT(A) & AO without Justifiable Cause: ITAT Confirms Addition & Penalty on Unexplained Transaction of ₹83.4L [Read Order]")
S. 68 of Income Tax Act not Invokable in absence of unexplained Amount in Bank Statement: Gujarat HC [Read Order]
In a recent case, the Gujarat High Court stated that there cannot be any income escapement by the assessee if there is no unexplained amount in the bank statement on record. The Court found that the...
![S. 68 of Income Tax Act not Invokable in absence of unexplained Amount in Bank Statement: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Gujarat-High-Court-Income-Tax-Act-Section-68-of-Income-Tax-Act-TAXSCAN.jpg "S. 68 of Income Tax Act not Invokable in absence of unexplained Amount in Bank Statement: Gujarat HC [Read Order]")