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![Addition for Unexplained Cash Credit can’t be merely on Suspicion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "Addition for Unexplained Cash Credit can’t be merely on Suspicion: ITAT [Read Order]")
Addition for Unexplained Cash Credit can’t be merely on Suspicion: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that no addition under section 68 of the Income Tax Act cannot be invoked only on...
![Genuineness of Share Application Money can’t be suspected without Proper Inquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-7-5.jpg "Genuineness of Share Application Money can’t be suspected without Proper Inquiry: ITAT [Read Order]")
![Creditworthiness can be Ascertained only from Availability of Funds and not from Period of Existence and Revenue Earning: Delhi HC upholds Deletion of Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Creditworthiness-Ascertained-only-from-Availability-of-Funds-Period-of-Existence-and-Revenue-Earning-Delhi-HC-upholds-Deletion-of-Addition-TAXSCAN.jpg "Creditworthiness can be Ascertained only from Availability of Funds and not from Period of Existence and Revenue Earning: Delhi HC upholds Deletion of Addition u/s 68 [Read Order]")
![ITAT Upholds Deletion of Additions Made on Account of Share Application/Capital Received as Unexplained Cash Credits u/s 68 Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Upholds-Deletion-of-Additions-ITAT-Share-Application-Capital-Share-Capital-Unexplained-Cash-Credits-Income-Tax-Act-ITAT-Upholds-Deletion-Additions-Made-on-Account-of-Share-Application-Taxscan.jpg "ITAT Upholds Deletion of Additions Made on Account of Share Application/Capital Received as Unexplained Cash Credits u/s 68 Income Tax Act [Read Order]")
![Addition cannot be based SMS or WhatsApp Messages without Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Addition-SMS-WhatsApp-Messages-Corroborative-Evidence-ITAT-Income-Tax-taxscan-.jpg "Addition cannot be based SMS or WhatsApp Messages without Corroborative Evidence: ITAT [Read Order]")
![Addition u/s 68 based on Incriminating Material found During Survey is valid:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Addition-Incriminating-Material-Survey-ITAT-Taxscan.jpg "Addition u/s 68 based on Incriminating Material found During Survey is valid:Â ITAT [Read Order]")
![Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/unexplained-cash-genuineness-of-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]")
Assessing Officer cannot re-consider Grounds of Addition which are already negated by Appellate Forums: ITAT [Read Order]
The Assessing Officer, on remand by the writ court to consider the matter afresh, is not permitted to reconsider the grounds of addition which is already negated by the appellate forums, ruled the...
![Assessing Officer cannot re-consider Grounds of Addition which are already negated by Appellate Forums: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Assessing-Officer-Taxscan-1.jpg "Assessing Officer cannot re-consider Grounds of Addition which are already negated by Appellate Forums: ITAT [Read Order]")
Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition in respect of share capital and the share premium by treating the same as unexplained cannot be made under...
![Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Share-Premium-ITAT-Taxscan.jpg "Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]")
![ITAT confirms Addition since Share Applicant Entities were Paper Entities [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Share-Application-Money-Taxscan.jpg "ITAT confirms Addition since Share Applicant Entities were Paper Entities [Read Order]")