![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/2025/07/16/2064325-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]")
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...
![ITAT Upholds Deletion of Bogus LTCG Addition, Rules No Evidence of Tax Evasion in Share Transactions [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/2062323-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]](https://images.taxscan.in/h-upload/2025/07/06/2059912-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]](https://images.taxscan.in/h-upload/2025/07/01/2057383-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]")
Bank Passbook Not Regarded as 'Books of Account’: ITAT Rejects S. 68 Addition Made Without Assessee's Books [Read Order]
The Income Tax Appellate Tribunal, Delhi Bench held that a bank passbook cannot be treated as ‘books of account’ for the purpose of invoking Section 68 of theIncome Tax Act, 1961. The assessee,...
![Bank Passbook Not Regarded as Books of Account’: ITAT Rejects S. 68 Addition Made Without Assessees Books [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/2056736-bank-passbook-itat-taxscan.webp "Bank Passbook Not Regarded as Books of Account’: ITAT Rejects S. 68 Addition Made Without Assessees Books [Read Order]")
ITAT Deletes Addition u/s 68, Rules Assessee Proved Source of Funds for Land Purchases in Earlier Years [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has deleted an addition of Rs. 3.12 crore made under Section 68 of the Income Tax Act, 1961, holding that Raksha Buildtech Private Limited had...
![ITAT Deletes Addition u/s 68, Rules Assessee Proved Source of Funds for Land Purchases in Earlier Years [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/2054400-land-purchases-source-of-funds-assessee-taxscan.webp "ITAT Deletes Addition u/s 68, Rules Assessee Proved Source of Funds for Land Purchases in Earlier Years [Read Order]")
Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that in cases of unabated assessments, no addition can be sustained under Section 68 of the Income Tax Act, 1961, in the...
![Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Incriminating-Material-ITAT-TAXSCAN.jpg "Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]")
Mere Non-Appearance of Directors Cannot Justify Additions When Documentary Compliance is Complete: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that mere non-appearance of directors does not justify additions under Section 68 of the Income Tax Act, 1961, when the assessee has...
![Mere Non-Appearance of Directors Cannot Justify Additions When Documentary Compliance is Complete: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/itat-itat-roundup-weeklyrounup-taxscan-.jpg "Mere Non-Appearance of Directors Cannot Justify Additions When Documentary Compliance is Complete: ITAT [Read Order]")
Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that share capital received from previous Assessment Years could not be treated as unexplained cash credit under Section 68 of the...
![Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Share-Capital-Unexplained-Cash-Credit-Unexplained-Cash-taxscan.jpg "Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]")
ITAT Restores Cash Deposit Addition to AO for Fresh Examination after Assessee clarifies Bank Account Ownership [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) restores the cash deposit addition to the assessing officer (AO) for fresh examination after the assessee clarifies bank account ownership....
![ITAT Restores Cash Deposit Addition to AO for Fresh Examination after Assessee clarifies Bank Account Ownership [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/cash-deposit-itat-taxscan.jpg "ITAT Restores Cash Deposit Addition to AO for Fresh Examination after Assessee clarifies Bank Account Ownership [Read Order]")
ITAT Grants Partial Relief on Minor Deposit & Depreciation Claims, Disallows Late ESIC & Commission Payments [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) granted partial relief to the assessee by allowing depreciation at 60%, permitting interest capitalization, and deleting the Section 68...
![ITAT Grants Partial Relief on Minor Deposit & Depreciation Claims, Disallows Late ESIC & Commission Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Minor-Deposit-Depreciation-ITAT-TAXSCAN.jpg "ITAT Grants Partial Relief on Minor Deposit & Depreciation Claims, Disallows Late ESIC & Commission Payments [Read Order]")