![Failure to Establish Three Essential Ingredients: ITAT upholds Income Tax Addition u/s 68 on Accommodation Entries [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093817-income-tax-addition-share-value-report-share-premium-capital-itat-orders-taxscan.webp "Failure to Establish Three Essential Ingredients: ITAT upholds Income Tax Addition u/s 68 on Accommodation Entries [Read Order]")
Failure to Establish Three Essential Ingredients: ITAT upholds Income Tax Addition u/s 68 on Accommodation Entries [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) comprising Dr. S. Seethalakshmi (Judicial Member) and Shri Gagan Goyal (Accountant...
![Alleged Shell Company Transactions: ITAT deletes ₹15 Lakh Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2093043-itat-itat-roundup-weeklyrounup-taxscan-1.webp "Alleged Shell Company Transactions: ITAT deletes ₹15 Lakh Addition u/s 68 [Read Order]")
![ITAT Rules Approval u/s 151 Invalid Due to Mechanical Sanction Without Application of Mind, Quashes Reassessment order [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076376-itat-itat-rules-itat-rules-approval-invalid-due-to-mechanical-sanction-taxscan.webp "ITAT Rules Approval u/s 151 Invalid Due to Mechanical Sanction Without Application of Mind, Quashes Reassessment order [Read Order]")
![Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071634-unexplained-credit-unexplained-credit-addition-section-68-of-the-income-tax-act-taxscan.webp "Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]")
![Commission on Accommodation Entries Restricted to 2.5%: ITAT Delhi Upholds CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2070700-commission-accomodation-entries-taxscan.webp "Commission on Accommodation Entries Restricted to 2.5%: ITAT Delhi Upholds CIT(A) Order [Read Order]")
![Incomplete Analysis of ₹2.17 Cr Unsecured Loan: ITAT Directs to Verify Documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/500x300_2065735-unsecured-loan-taxscan.webp "Incomplete Analysis of ₹2.17 Cr Unsecured Loan: ITAT Directs to Verify Documents [Read Order]")
![Delhi HC: No Income Tax Applicable Without Actual Transfer, Even for Property Worth ₹150 Cr [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065072-delhi-hc-no-income-tax-applicable-income-tax-applicable-income-tax-taxscan.webp "Delhi HC: No Income Tax Applicable Without Actual Transfer, Even for Property Worth ₹150 Cr [Read Order]")
Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed the Revenue department’s appeal and also upheld the deletion of an income tax addition of ₹3,07,09,348 under Section...
![Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064325-assessee-produced-documentary-evidence-documentary-evidence-taxscan.webp "Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]")
₹5 Crore Income Tax Demand Dropped! CA Praises Faceless Appeal for Hassle & Corruption Free Process
A proposed tax addition of Rs. 5 crores was dropped during the faceless appeal process by the Income Tax Department. The case involved an alleged unexplained unsecured loan under Section 68 of the...
ITAT Upholds Deletion of Bogus LTCG Addition, Rules No Evidence of Tax Evasion in Share Transactions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has upheld the decision of the Commissioner of Income Tax (Appeals) to delete a ₹5.60 crore addition made under Section 68 of the Income Tax...
![ITAT Upholds Deletion of Bogus LTCG Addition, Rules No Evidence of Tax Evasion in Share Transactions [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062323-bogus-ltcg-itat-upholds-tax-evasion-taxscn.webp "ITAT Upholds Deletion of Bogus LTCG Addition, Rules No Evidence of Tax Evasion in Share Transactions [Read Order]")
Co-op Bank Fails to Prove Identity and Creditworthiness of Depositors: ITAT upholds S. 68 addition and dismisses claim u/s 80P(2)(i)(a) [Read Order]
The Cochin bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeals filed by Peeroorkada Service Co-operative Bank Ltd and upheld the additions made under Section 68 of the Income Tax...
![Co-op Bank Fails to Prove Identity and Creditworthiness of Depositors: ITAT upholds S. 68 addition and dismisses claim u/s 80P(2)(i)(a) [Read Order]](https://images.taxscan.in/h-upload/2025/07/06/500x300_2059912-co-op-bank-fails-to-prove-identity-and-creditworthiness-co-op-bank-fails-to-prove-identity-taxscan.webp "Co-op Bank Fails to Prove Identity and Creditworthiness of Depositors: ITAT upholds S. 68 addition and dismisses claim u/s 80P(2)(i)(a) [Read Order]")
Paper books Proving Genuineness of Unsecured Loan and Movt of Funds: ITAT grants one Last Opportunity to Contest [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has remanded back an addition of ₹40 lakh made under Section68 of the income tax act, 1961, directing the Assessing Officer (AO) to ...
![Paper books Proving Genuineness of Unsecured Loan and Movt of Funds: ITAT grants one Last Opportunity to Contest [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057383-site-img31-1-1.webp "Paper books Proving Genuineness of Unsecured Loan and Movt of Funds: ITAT grants one Last Opportunity to Contest [Read Order]")