![No Addition can be made u/s 153A of the Income Tax Act in the Absence of Seizure of Incriminating Materials during Search Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Addition-Income-Tax-Act-Seizure-of-Incriminating-Materials-during-Search-Proceedings-Seizure-of-Incriminating-Materials-Search-Proceedings-ITAT-Taxscan.jpg "No Addition can be made u/s 153A of the Income Tax Act in the Absence of Seizure of Incriminating Materials during Search Proceedings: ITAT [Read Order]")
No Addition can be made u/s 153A of the Income Tax Act in the Absence of Seizure of Incriminating Materials during Search Proceedings: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that no addition can be made under section 153A of the Income Tax Act,1961 in the...
![Material Found from Premises of Third Parties cannot be Utilized against Assessee for making Assessment u/s 143(3) r.w.s. 153A of IT Act :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Material-Found-from-Premises-Third-Parties-cannot-be-utilized-assessee-for-making-Assessment-ITAT-TAXSCAN.jpg "Material Found from Premises of Third Parties cannot be Utilized against Assessee for making Assessment u/s 143(3) r.w.s. 153A of IT Act :ITAT [Read Order]")
![Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-from-Sale-of-Agricultural-land-is-not-Capital-Asset-ITAT-TAXSCAN.jpg "Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]")
![Addition made by AO u/s 68 of IT Act could not made in Absence of any Incriminating Material: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-could-not-made-Absence-of-any-Incriminating-Material-ITAT-TAXSCAN.jpg "Addition made by AO u/s 68 of IT Act could not made in Absence of any Incriminating Material: ITAT quashes Order [Read Order]")
![No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Assessee-Disclosed-Undisclosed-Income-Assessee-Undisclosed-Income-Statement-ITAT-Taxscan.jpg "No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]")
ITAT Deletes Penalty U/S 271(1) (c) On Assessee in Absence of Concealment or Inaccurate Particulars of Income [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty under Section 271(1) (c) of the Income Tax Act on the assessee in the absence of concealment or inaccurate particulars...
![ITAT Deletes Penalty U/S 271(1) (c) On Assessee in Absence of Concealment or Inaccurate Particulars of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Deletes-Penalty-Assessee-Absence-of-Concealment-Inaccurate-Particulars-of-Income-Income-Taxscan.jpg "ITAT Deletes Penalty U/S 271(1) (c) On Assessee in Absence of Concealment or Inaccurate Particulars of Income [Read Order]")
Income Escaped for Assessment not Represented "in the form of an asset": ITAT quashes Addition u/s 153A Towards Bogus Purchase and Disallowance of Salary
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the addition under Section 153A of the Income Tax Act, 1961 towards bogus purchase and disallowance of salary as the income...
Assessment u/s 153C not Valid for Assessment Years not Covered within 6-Year Period: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessment under Section 153C of the Income Tax Act, 1961 would not be valid for the assessment year not covered within the...
![Assessment u/s 153C not Valid for Assessment Years not Covered within 6-Year Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Assessment-Years-ITAT-taxscan.jpeg "Assessment u/s 153C not Valid for Assessment Years not Covered within 6-Year Period: ITAT [Read Order]")
![Income Tax Assessment u/s 153 A must be based on Incriminating Material: SC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Assessment-Income-Tax-Assessment-Incriminating-Material-Supreme-Court-Taxscan.jpg "Income Tax Assessment u/s 153 A must be based on Incriminating Material: SC [Read Judgement]")
Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) while quashing the assessment passed under Section 153A of the Income Tax Act 1961 observed that approval granted under Section 153D...
![Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Approval-Income-Tax-Act-Assessment-Records-Assessment-ITAT-quashes-Assessment-ITAT-Taxscan.jpg "Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]")
No Additions to be Made De Hors Any Incriminating Material for Assessment u/s 153A: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that no additions can be made de hors any incriminating material for assessment under Section...
![No Additions to be Made De Hors Any Incriminating Material for Assessment u/s 153A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Additions-Incriminating-Material-Assessment-ITAT-Additions-Taxscan.jpg "No Additions to be Made De Hors Any Incriminating Material for Assessment u/s 153A: ITAT [Read Order]")
Addition made on Foreign Travelling Expenses of Non-Resident Indian Director for Looking Affairs of Company Shall not be disallowed: ITAT sets aside Order
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that addition made on foreign travelling expenses of non-resident Indian directors for looking at affairs of company should...
