![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-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...
![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]](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]](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]](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]")
‘Clear-Cut Case of Concealment’: ITAT Upholds Penalty Under Section 271(1)(c) for Rs 2.65 Crore Bogus Share Capital [Reaed Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld a penalty of Rs. 95,10,463 imposed under Section 271(1)(c) of the Income Tax Act, 1961, on the assessee, UGS Finance Pvt. Ltd....
![‘Clear-Cut Case of Concealment’: ITAT Upholds Penalty Under Section 271(1)(c) for Rs 2.65 Crore Bogus Share Capital [Reaed Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Clear-Cut-Case-Concealment-ITAT-Penalty-Under-Bogus-Share-Capital-TAXSCAN.jpg "‘Clear-Cut Case of Concealment’: ITAT Upholds Penalty Under Section 271(1)(c) for Rs 2.65 Crore Bogus Share Capital [Reaed Order]")
ITAT dismisses Revenue's Appeal: No Addition U/s 68 for Partner's Capital when Identity & Creditworthiness Proved [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench “C”, has dismissed the appeal filed by the Revenue challenging the deletion of an addition of Rs.8 crore made under Section 68 of the Income...
![ITAT dismisses Revenues Appeal: No Addition U/s 68 for Partners Capital when Identity & Creditworthiness Proved [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Revenue-Partners-Capital-Identity-Creditworthiness-taxscan.jpeg "ITAT dismisses Revenues Appeal: No Addition U/s 68 for Partners Capital when Identity & Creditworthiness Proved [Read Order]")
Reassessment without Tangible Material Invalid: ITAT deletes Rs.10 Lakh Cash Credit Addition [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 10 lakh made under Section 68 of the Income Tax Act, 1961, holding that the reassessment was carried out...
![Reassessment without Tangible Material Invalid: ITAT deletes Rs.10 Lakh Cash Credit Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment-Tangible-Material-Invalid-ITAT-Cash-Credit-taxscan.jpg "Reassessment without Tangible Material Invalid: ITAT deletes Rs.10 Lakh Cash Credit Addition [Read Order]")
ITAT Upholds Additions for Unexplained Cash Credit and Delayed PF Payments, Grants Partial Relief on Foreign Travel Expenses [Read Order]
The Income Tax Appellate Tribunal, Ahmedabad Bench, had delivered a ruling allowing partial deductions for foreign travel expenses claimed by the appellant while disallowing a portion on the grounds...
![ITAT Upholds Additions for Unexplained Cash Credit and Delayed PF Payments, Grants Partial Relief on Foreign Travel Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Additions-for-Unexplained-Cash-Credit-Unexplained-Cash-Credit-Unexplained-Cash-Credit-and-Delayed-PF-Payments-Delayed-PF-Payments-taxscan.jpg "ITAT Upholds Additions for Unexplained Cash Credit and Delayed PF Payments, Grants Partial Relief on Foreign Travel Expenses [Read Order]")
![Diamond Cash Sales Duly Recorded in Books: ITAT upholds Deletion of Rs. 1 Cr Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Diamond-Cash-Sales-Duly-Books-ITAT-Deletion-taxscan.jpg "Diamond Cash Sales Duly Recorded in Books: ITAT upholds Deletion of Rs. 1 Cr Addition [Read Order]")
Consideration received for Sale of Truck through Banking Channel not "Unexplained Cash Credit" u/s 68 of Income Tax Act: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) held that the consideration received for the sale of a truck through the banking channel does not qualify as "unexplained cash credit"...
![Consideration received for Sale of Truck through Banking Channel not Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Consideration-received-for-Sale-Sale-of-Truck-Banking-Channel-Unexplained-Cash-Credit-Section-68-of-Income-Tax-Act-Income-Tax-Act-ITAT-taxscan.jpg "Consideration received for Sale of Truck through Banking Channel not Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
![Mere Non-Production of Directors not a Valid Ground for Addition u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Mere-Non-Production-Mere-Non-Production-of-Directors-Directors-Not-a-Valid-Ground-Valid-Ground-for-Addition-Valid-Ground-for-Addition-Section-68-ITAT-taxscan.jpg "Mere Non-Production of Directors not a Valid Ground for Addition u/s 68: ITAT [Read Order]")