![ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Assessing-Officer-ITAT-Directs-Income-Tax-Appellate-Tribunal-section-68-of-the-Income-Tax-Act-Confirming-Source-of-Investment-taxscan-2.jpg "ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]")
ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to delete the additions made under section 68...
![Revisionary Proceedings u/s 263 Income Tax Act cannot be invoked merely on Stock Valuation on Second Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Income-Tax-Section-263-Income-Tax-Act-Stock-valuation-opinion-Stock-valuation-second-opinion-ITAT-taxscan.jpg "Revisionary Proceedings u/s 263 Income Tax Act cannot be invoked merely on Stock Valuation on Second Opinion: ITAT [Read Order]")
![Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Cash-Deposit-Re-deposit-during-Demonitisation-TAT-deletes-Addition-Income-Tax-taxscan.jpg "Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]")
![Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Unexplained-cash-deposit-Demonetization-Unexplained-income-during-demonetization-taxscan.jpg "Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order]")
![CIT(A) Erroneous in dismissing Appeal for Non-Compliance w/o Addressing Merits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-CITA-Erroneous-in-Dismissing-Appeal-Addressing-Merits-Commissioner-of-Income-Tax-taxscan.jpg "CIT(A) Erroneous in dismissing Appeal for Non-Compliance w/o Addressing Merits: ITAT [Read Order]")
ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]
The two-member bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad, remanded the case to the Assessing Officer after the Commissioner of Income Tax (Appeals) [CIT(A)] failed to verify the...
![ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-AO-CIT-A-ITR-Unexplained-Cash-Credits-from-Relatives-thaxscan.jpg "ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]")
CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ), Ahmedabad has ruled that the Commissioner of Income Tax (Appeals) [CIT (A)] cannot dismiss an appeal for non-prosecution under...
![CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-CIT-A-Income-Tax-Appellate-Tribunal-ITAT-orders-Income-Tax-Section-2506-of-the-Income-Tax-Act-appeal-for-non-prosecution-ITAT-NEWS-Income-tax-news-taxscan.jpg "CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]")
Non-Verification of Gifts from Grandmother: ITAT remands Matter for Consideration of Additional Documents [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) ordered JAO to consider additional documents filed before CIT(A) due to non - verification of gifts that were...
![Non-Verification of Gifts from Grandmother: ITAT remands Matter for Consideration of Additional Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Income-Tax-Gifts-from-Grandmother-taxation-Grandmother-gifts-tax-taxscan.jpg "Non-Verification of Gifts from Grandmother: ITAT remands Matter for Consideration of Additional Documents [Read Order]")
Proper Adjudication and Verification needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for proper verification and adjudication under Section 68 of Income Tax Act, 1961 after...
![Proper Adjudication and Verification needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Section-68-Income-Tax-Act-Assessing-Officer-unexplained-cash-credits-taxscan.jpg "Proper Adjudication and Verification needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]
In a recent decision by the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), the question of the genuineness of investments made by small-time investors in a limited company was addressed....
![Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-small-time-Investments-Assessing-Officer-small-time-investors-taxscan.jpg "Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]")
Receipt of Subscription Amount from Holding Company: Calcutta HC reaffirms Income Tax Addition Deleted by ITAT [Read Order]
The Calcutta High Court recently in a case reaffirmed Income Tax Appellate Tribunal ( ITAT ) deletion of addition made on Income Tax under section 68 of the Income Tax Act 1961. Consequently, the...
![Receipt of Subscription Amount from Holding Company: Calcutta HC reaffirms Income Tax Addition Deleted by ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-ITAT-Income-Tax-Income-Tax-Act-income-tax-addition-Section-68-Income-Tax-Act-taxscan.jpg "Receipt of Subscription Amount from Holding Company: Calcutta HC reaffirms Income Tax Addition Deleted by ITAT [Read Order]")
Addition u/s 68 of Income Tax Act is invalid as AO fails to Verify Genuineness of Transaction: Calcutta High Court dismiss Appeal [Read Order]
The Calcutta High court dismissed the appeal as it lacked a substantial question of law. The Court found that the addition was made under section 68 of the Income Tax Act, 1961 as the Assessing...
![Addition u/s 68 of Income Tax Act is invalid as AO fails to Verify Genuineness of Transaction: Calcutta High Court dismiss Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-court-Income-Tax-Income-Tax-Act-section-68-Income-Tax-Act-Genuineness-of-Transaction-taxscan.jpg "Addition u/s 68 of Income Tax Act is invalid as AO fails to Verify Genuineness of Transaction: Calcutta High Court dismiss Appeal [Read Order]")