![Notice u/s 274 of Income Tax Act should be issued before period of limitation: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Notice-Income-Tax-Act-before-period-limitation-Delhi-HC-TAXSCAN.jpg "Notice u/s 274 of Income Tax Act should be issued before period of limitation: Delhi HC [Read Order]")
Notice u/s 274 of Income Tax Act should be issued before period of limitation: Delhi HC [Read Order]
In a recent decision the Delhi High Court observed that the notice under Section 274 of the Income Tax Act, 1961 should be issued before the period...
![Sufficient Explanation on Source of Investments given on HSBC Geneva Deposits: Punjab and Haryana HC quashes income tax addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Sufficient-Explanation-Source-of-Investments-given-HSBC-Geneva-Deposits-Punjab-and-Haryana-HC-income-tax-TAXSCAN.jpg "Sufficient Explanation on Source of Investments given on HSBC Geneva Deposits: Punjab and Haryana HC quashes income tax addition [Read Order]")
![Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Addition-Unavailability-of-Transaction-Information-Transaction-Information-ITAT-taxscan.jpg "Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]")
![Addition made u/s69 of Income Tax Act towards Purchase and Sale of Shares without Sufficient Evidence: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/without-Sufficient-Evidence-ITAT-Directs-Re-adjudication-Re-adjudication-ITAT-Directs-Tax-News-Purchase-And-Sale-Of-Share-Updates-TAXSCAN.jpg "Addition made u/s69 of Income Tax Act towards Purchase and Sale of Shares without Sufficient Evidence: ITAT Directs Re-adjudication [Read Order]")
Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69 of the Income Tax Act holding that the books of account could not be rejected based on...
![Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/BOOKSO1.jpg "Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]")
Interest u/s 234B of Income Tax Act has to be Charged on Assessed Income and not on Returned Income: Jharkhand HC [Read Order]
The Jharkhand High Court observed that the interest under Section 234B of the Income Tax Act, 1961 has to be charged on assessed income and not on returned income. The instant appeal is directed...
![Interest u/s 234B of Income Tax Act has to be Charged on Assessed Income and not on Returned Income: Jharkhand HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Interest-Under-Section-234B-Of-Income-Tax-Act-Income-Tax-Assessed-Income-Jharkhand-High-Court-Returned-Income-Charged-on-Assessed-Income-TAXSCAN.jpg "Interest u/s 234B of Income Tax Act has to be Charged on Assessed Income and not on Returned Income: Jharkhand HC [Read Order]")
Imposition of Income tax Addition is not Justified when Additional Amount towards Purchase of Land is made by other Two Co-owners : ITAT Condones Delay of 1494 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal held that the additional amount paid in cash on money was admittedly paid by the other two-owners and not by the assessee, thus the Assessing...
![Imposition of Income tax Addition is not Justified when Additional Amount towards Purchase of Land is made by other Two Co-owners : ITAT Condones Delay of 1494 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Imposition-Income-tax-Addition-Additional-Amount-Purchase-Land-Two-Co-owners-ITAT-Condones-Delay-TAXSCAN.jpg "Imposition of Income tax Addition is not Justified when Additional Amount towards Purchase of Land is made by other Two Co-owners : ITAT Condones Delay of 1494 Days [Read Order]")
Payment made by Assessee as Shareholder of Company for Construction of Building on a plot shall not be Unexplained Investment u/s. 69 of I.T Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that payment made by the assessee as shareholder of the company for construction of building on a plot should not be unexplained under...
![Payment made by Assessee as Shareholder of Company for Construction of Building on a plot shall not be Unexplained Investment u/s. 69 of I.T Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Payment-assessee-shareholder-company-for-construction-building-plot-unexplained-investment-I.T-Act-ITAT-TAXSCAN.jpeg "Payment made by Assessee as Shareholder of Company for Construction of Building on a plot shall not be Unexplained Investment u/s. 69 of I.T Act: ITAT [Read Order]")
ITAT directs Verification of Source Explained through Settlement before Settlement Commission for Addition u/s 69 of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed for verification of sources explained through the settlement before the settlement commission for addition under Section 69 of...
![ITAT directs Verification of Source Explained through Settlement before Settlement Commission for Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-directs-Verification-Source-Explained-Settlement-Settlement-Commission-Income-Tax-Act-taxscan-1.jpg "ITAT directs Verification of Source Explained through Settlement before Settlement Commission for Addition u/s 69 of Income Tax Act [Read Order]")
Ex-parte Addition on Unexplained Investment: ITAT directs Re adjudication of Addition towards source of Investment in Purchase of Immovable Property [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench directed readjudication in respect of additions made under Section 69 of the Income Tax Act, 1961 towards source of investment in the...
![Ex-parte Addition on Unexplained Investment: ITAT directs Re adjudication of Addition towards source of Investment in Purchase of Immovable Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Ex-parte-Unexplained-Investment-ITAT-Re-adjudication-Addition-Investment-Purchase-Immovable-Property-TAXSCAN.jpg "Ex-parte Addition on Unexplained Investment: ITAT directs Re adjudication of Addition towards source of Investment in Purchase of Immovable Property [Read Order]")
No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the additions cannot be deleted merely on technical ground that the Assessing Officer (AO) mentioned Section 68 instead of Section 69...
![No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deletion-No-Deletion-No-Deletion-of-Income-Tax-Addition-ITAT-taxscan.jpg "No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]")