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![Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Cross-Examination-ITAT-Taxscan.jpg "Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]")
Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal in Rajat Exports Import (India) Pvt. Ltd versus ITO held that if no opportunity for...
![Gift through Banking Channels can’t be treated as Genuine unless Conditions of S. 68 is satisfied: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Monies-Taxscan.jpg "Gift through Banking Channels can’t be treated as Genuine unless Conditions of S. 68 is satisfied: Delhi HC [Read Judgment]")
![No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]")
![When Company has Sufficient Share Capital & Premium through Reserves, Its Capacity to Invest can’t be Suspected: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "When Company has Sufficient Share Capital & Premium through Reserves, Its Capacity to Invest can’t be Suspected: ITAT [Read Order]")
![ITAT confirms Addition since Assessee and Family received Huge Gifts and failed to prove any relationship with Donor [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Gifts-Taxscan.jpg "ITAT confirms Addition since Assessee and Family received Huge Gifts and failed to prove any relationship with Donor [Read Order]")
![No Addition if Assessee able to Prove Genuineness of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan-1.jpg "No Addition if Assessee able to Prove Genuineness of Transaction: ITAT [Read Order]")
Re-Assessment passed after 4 years without Approval of Chief Commissioner or Commissioner of Income Tax is Invalid: Delhi HC [Read Judgment]
The Delhi High Court recently announced that the re-assessment passed under sections 147/ 148 of the Income Tax Act after 4 years without the approval of Chief Commissioner or Commissioner of Income...
![Re-Assessment passed after 4 years without Approval of Chief Commissioner or Commissioner of Income Tax is Invalid: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Re-Assessment passed after 4 years without Approval of Chief Commissioner or Commissioner of Income Tax is Invalid: Delhi HC [Read Judgment]")
Mere Establishing the Identity of Creditors is not sufficient to Discharge Burden of Proof u/s 68 of Income Tax Act: Kerala HC [Read Judgment]
In Sunil Thomas v. ITO & Anr, the division bench of the Kerala High Court ruled that mere establishing identity of creditors would not validates that the assessee had discharged burden of proof...
![Mere Establishing the Identity of Creditors is not sufficient to Discharge Burden of Proof u/s 68 of Income Tax Act: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Mere Establishing the Identity of Creditors is not sufficient to Discharge Burden of Proof u/s 68 of Income Tax Act: Kerala HC [Read Judgment]")