![Cross Examination should be conducted to Know Genuineness of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Cross-Examination-ITAT-Taxscan.jpg "Cross Examination should be conducted to Know Genuineness of Transaction: ITAT [Read Order]")
Cross Examination should be conducted to Know Genuineness of Transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Assessing Officer should allow the opportunity of cross-examination to the...
![Delhi High Court upholds Addition for receiving Bogus Share Premium from Fake Companies formed by CA [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Delhi High Court upholds Addition for receiving Bogus Share Premium from Fake Companies formed by CA [Read Judgment]")
![Premium earned on Allotment of Preference Shares by a Loss-Making entity can’t be Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Shares-Taxscan.jpg "Premium earned on Allotment of Preference Shares by a Loss-Making entity can’t be Taxed: ITAT [Read Order]")
![ITAT confirms Addition against George Muthoot [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/George-Muthoot-ITAT-Taxscan.jpg "ITAT confirms Addition against George Muthoot [Read Order]")
![ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Gift-Tax-Taxscan-1.jpg "ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]")
Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that a transaction cannot be treated as bogus only on the basis of the report of Investigation Wing. In the instant case, the...
![Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]")
Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that a Firm cannot be assessed for the unexplained cash credit under Section 68 of the Income Tax Act, 1961 in respect of the capital...
![Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]")
Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that mere production of the confirmation letter by the partners of the Firm is not sufficient to prove the genuineness of cash credits...
![Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cash-Credits-Taxscan.jpg "Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]")
Only Partners, Not a Firm Assessable to Unexplained Cash Credits for Capital Introduced by Partner: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in ITO v. Bajaj Roadways, held that a Firm cannot be assessable to unexplained cash credits under Section 68 of the Income Tax Act in...
Section 68 Addition can’t be confirmed for Mere Non-Production of Director of Share Holder Company: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Moti Adhesives P. Ltd. v. ITO by the order dated June 25, 2018 holding in favor of the assessee ordered that mere non...
![Section 68 Addition can’t be confirmed for Mere Non-Production of Director of Share Holder Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Share-Holder-Taxscan.jpg "Section 68 Addition can’t be confirmed for Mere Non-Production of Director of Share Holder Company: ITAT [Read Order]")
Addition u/s 68 can't be made in respect of receipt of Gift evident through Credit Entries in Bank Passbook: ITAT [Read Order]
While hearing the case of Nanoomal Gupta versus ACIT-Central Circle, Agra bench of Income Tax Appellate Tribunal ( ITAT ) ruled that addition on account of the gift received under Section 68 of the...
![Addition u/s 68 cant be made in respect of receipt of Gift evident through Credit Entries in Bank Passbook: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Credit-Entries-Taxscan.jpg "Addition u/s 68 cant be made in respect of receipt of Gift evident through Credit Entries in Bank Passbook: ITAT [Read Order]")
Receipt from Sale of Shares held in DMAT A/c through Recognized Stock Exchange which is evident through Contract Note can’t be treated as Unexplained: ITAT [Read Order]
The Indore bench of ITAT in the case of Omprakash Phatandas Panjwani vs. ACIT has held that the receipt from sale of shares held in DMAT account through recognized stock exchange which is verifiable...
![Receipt from Sale of Shares held in DMAT A/c through Recognized Stock Exchange which is evident through Contract Note can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Stock-Exchange-Taxscan.jpg "Receipt from Sale of Shares held in DMAT A/c through Recognized Stock Exchange which is evident through Contract Note can’t be treated as Unexplained: ITAT [Read Order]")