![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]")
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...
![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]")
![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]")
CBDT lays down Standard Procedure for invoking provisions relating to Unexplained Cash Credit [Read Circular]
The Central Board of Direct Taxes (CBDT) recently prescribed the standard procedure to be followed by the Assessing Officer for applying the provisions of Section 68 of the Income Tax Act, 1961 which...
![CBDT lays down Standard Procedure for invoking provisions relating to Unexplained Cash Credit [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "CBDT lays down Standard Procedure for invoking provisions relating to Unexplained Cash Credit [Read Circular]")
Share Application Money can’t be treated as Unexplained If AO doesn’t make any Investigation on Documentary Evidences filed: ITAT [Read Order]
While dismissing the appeal filed by the revenue Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that the share application money received cannot be treated as unexplained for the purpose...
![Share Application Money can’t be treated as Unexplained If AO doesn’t make any Investigation on Documentary Evidences filed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Share-Application-Money-Taxscan.jpg "Share Application Money can’t be treated as Unexplained If AO doesn’t make any Investigation on Documentary Evidences filed: ITAT [Read Order]")
ITAT Confirms Addition in respect of Unexplained Cash Credit since Assessee paid ‘On Money’ for Purchase of Property [Read Order]
The ITAT bench comprising acting judicial member Ravish Sood and vice president P.K. Bansal recently recently held that additions in respect of unexplained cash credit under Section 68 of the Income...
Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that amounts received by the assessee from the firm as a beneficiary cannot be treated as unexplained for the purpose of...
![Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]")
![ITAT upholds Addition of 4.99 Lakhs as ‘Unexplained Cash‘ against Muthoot Group MD [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/George-Alexander-Muthoot-MD-Taxscan.jpg "ITAT upholds Addition of 4.99 Lakhs as ‘Unexplained Cash‘ against Muthoot Group MD [Read Order]")