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![Addition made by Dept is Invalid in view of Quashing of Penalty Proceedings: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Directing-Penalty-Supreme-Court-Taxscan.jpg "Addition made by Dept is Invalid in view of Quashing of Penalty Proceedings: SC [Read Judgment]")
Addition made by Dept is Invalid in view of Quashing of Penalty Proceedings: SC [Read Judgment]
The Supreme Court, on Friday, held that that the addition under section 68 of the Income Tax Act, 1961 is needed to be quashed since the appellant or...
![No Addition on Share Premium If Shares were allotted under a Barter System: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Share-Premium-ITAT-Taxscan.jpg "No Addition on Share Premium If Shares were allotted under a Barter System: ITAT [Read Order]")
![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]")
![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]
The Income Tax Appellate Tribunal (ITAT), upheld the deletion of additions made on account of share application or capital received as unexplained cash credits under Section 68 of the Income Tax Act...
![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]")