![ITAT rejects 25% Addition for Unverifiable Purchases u/s 153A of Income Tax Act citing Incorrect GP Rate Estimation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Jaipur-Unverifiable-Purchases-Purchases-Taxscan.jpg "ITAT rejects 25% Addition for Unverifiable Purchases u/s 153A of Income Tax Act citing Incorrect GP Rate Estimation [Read Order]")
ITAT rejects 25% Addition for Unverifiable Purchases u/s 153A of Income Tax Act citing Incorrect GP Rate Estimation [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) rejected the 25% addition for unverifiable purchases under Section 153A of Income Tax Act,...
![No Incriminating Material found during Search for Unabated AY: ITAT upholds Deletion of Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-upholds-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Appeals-CITA-Assessment-Year-taxscan.webp "No Incriminating Material found during Search for Unabated AY: ITAT upholds Deletion of Additions [Read Order]")
![Assessment Order Passed under Income Tax Act Without Conducting Search And Seizure is not Valid: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Punjab-and-Haryana-High-Court-Assessment-Order-Income-Tax-Act-Assessment-Order-Passed-under-Income-Tax-Act-Search-And-Seizure-is-not-Valid-Taxscan.jpg "Assessment Order Passed under Income Tax Act Without Conducting Search And Seizure is not Valid: Punjab & Haryana HC [Read Order]")
![Company’s book, Including Manual Cash book, deemed Non-Incriminating u/s 153A of Income Tax Act: ITAT deletes S.69 Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-company-books-Manual-cash-books-section-69-income-tax-act-TAXSCAN.jpg "Company’s book, Including Manual Cash book, deemed Non-Incriminating u/s 153A of Income Tax Act: ITAT deletes S.69 Addition [Read Order]")
![Income already declared by Wife: ITAT quashes Addition as Undisclosed Income at the Hands of Husband [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Rajkot-Income-Tax-Undisclosed-Income-TAXSCAN.jpg "Income already declared by Wife: ITAT quashes Addition as Undisclosed Income at the Hands of Husband [Read Order]")
Material /document Uncovered during Search Raises no doubt or suspicion against Taxpayer: ITAT deletes addition u/s 153A [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted addition under Section 153A of the Income Tax Act, 1961 as material uncovered during search raises no doubt or suspicion against...
![Material /document Uncovered during Search Raises no doubt or suspicion against Taxpayer: ITAT deletes addition u/s 153A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Material-document-Uncovered-Search-Raises-no-doubt-suspicion-Taxpayer-ITAT-taxscan.jpg "Material /document Uncovered during Search Raises no doubt or suspicion against Taxpayer: ITAT deletes addition u/s 153A [Read Order]")
Discrepancies in Maintaining KYC Documentation not amounts to Incriminating Material: ITAT deletes Addition u/s 153A of Income Tax Act [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted addition under Section 153A of the Income Tax Act and held that discrepancies in maintaining KYC Documentation does not...
![Discrepancies in Maintaining KYC Documentation not amounts to Incriminating Material: ITAT deletes Addition u/s 153A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-KYC-documentation-Incriminating-Material-taxscan.jpg "Discrepancies in Maintaining KYC Documentation not amounts to Incriminating Material: ITAT deletes Addition u/s 153A of Income Tax Act [Read Order]")
Addition u/s 69A can't be imposed when Assessee doesn't hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 69A of the Income Tax Act, 1961 cannot be imposed when the assessee doesn’t hold the ownership of the...
![Addition u/s 69A cant be imposed when Assessee doesnt hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-ITAT-delhi-Cash-Ownership-of-Money-Addition-Assessee-Ownership-taxscan.jpeg "Addition u/s 69A cant be imposed when Assessee doesnt hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [Read Order]")
Demand of Rs. 436 crores raised without granting Adequate Opportunity: Delhi HC directs Income Tax Dept to grant Documents [Read Order]
The Delhi High Court directed the Income Tax Department to grant documents to the petitioner, Priyanka Saraswat Dev, in the matter of income tax demand of Rs. 436 crores raised without granting...
![Demand of Rs. 436 crores raised without granting Adequate Opportunity: Delhi HC directs Income Tax Dept to grant Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/without-granting-Adequate-Opportunity-granting-Adequate-Opportunity-Adequate-Opportunity-raised-without-granting-Adequate-Opportunity-TAXSCAN.jpg "Demand of Rs. 436 crores raised without granting Adequate Opportunity: Delhi HC directs Income Tax Dept to grant Documents [Read Order]")
Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, held that entries in the books of account prior to amalgamation could not be part of additions made under Section 153A of the Income Tax Act,...
![Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Entries-in-books-of-account-Individual-Entity-Amalgamation-IT-Act-ITAT-taxscan.jpg "Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]")
No addition shall be made without making Independent inquiry from concerned builder regarding purchase of property: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no addition should be made without making independent inquiry from concerned builder regarding the purchase of the property. ...
![No addition shall be made without making Independent inquiry from concerned builder regarding purchase of property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-addition-without-Independent-inquiry-concerned-builder-regarding-purchase-property-ITAT-TAXSCAN.jpg "No addition shall be made without making Independent inquiry from concerned builder regarding purchase of property: ITAT [Read Order]")
Reassessment shall not be framed u/s 153C of Income Tax Act, if notice for search proceedings issued u/s 153A of Act: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT) Amritsar Bench held that reassessment should not be framed under Section 153C of Income Tax Act, 1961 if notice for search proceedings was issued under...
![Reassessment shall not be framed u/s 153C of Income Tax Act, if notice for search proceedings issued u/s 153A of Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Reassessment-Income-Tax-Act-notice-search-proceedings-Act-ITAT-Penalty-TAXSCAN.jpg "Reassessment shall not be framed u/s 153C of Income Tax Act, if notice for search proceedings issued u/s 153A of Act: ITAT deletes Penalty [Read Order]")