![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]")
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...
![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]")
![Addition u/s 69 of Income Tax Act shall not be made, if assessee proves identity and creditworthiness of lenders in respect of loan taken for purchase of property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Income-Tax-Act-assessee-identity-creditworthiness-lenders-respect-loan-purchase-property-ITAT-TAXSCAN.jpg "Addition u/s 69 of Income Tax Act shall not be made, if assessee proves identity and creditworthiness of lenders in respect of loan taken for purchase of property: ITAT [Read Order]")
![Section 115BBE of Income Tax Act not applicable on Surrendered Income on account of Excess Stock found during course of Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Section-115BBE-of-Income-Tax-Act-Income-Tax-Act-Surrendered-Income-Surrendered-Income-on-account-of-Excess-Stock-Income-account-of-Excess-Stock-ITAT-taxscan.jpg "Section 115BBE of Income Tax Act not applicable on Surrendered Income on account of Excess Stock found during course of Survey: ITAT [Read Order]")
![Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-to-explain-Credit-Card-Payments-Supporting-Documentary-Evidence-ITAT-Deletes-partial-Addition-TAXSCAN.jpg "Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]")
ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench deleted the addition made under Section 69 of Income Tax Act, 1961 on account of gold loan obtained from partner which was recorded under books...
![ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Income-Tax-Act-Account-Gold-Loan-Partner-recorded-Books-Account-TAXSCAN.jpg "ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]")
![Delay in Filing Appeal due to Medical Treatment: ITAT Condones Delay of 259 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Delay-Filing-Appeal-Medical-Treatment-ITAT-Condones-Delay-TAXSCAN.jpg "Delay in Filing Appeal due to Medical Treatment: ITAT Condones Delay of 259 Days [Read Order]")
Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT) deleted an addition made by the assessing officer on unexplained investment under section 69 of the Income Tax Act,1961 without the...
![Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-made-Unexplained-Investment-Income-Tax-Act-Proper-Application-Mind-ITAT-Deletes-Addition-TAXSCAN.jpg "Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]")
S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that addition under Section 69 of the Income Tax Act 1961 is not sustainable on mere delay in deposit during demonetisation period. ...
![S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-not-Sustainable-on-Mere-Delay-Deposit-During-Demonetisation-Period-ITAT-TAXSCAN.jpg "S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]")
Rejection of Depreciation Claim on fixed Assets u/s 32 of IT Act Due to Improper Filing of Depreciation Report: ITAT directs Re-adjudication [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal (ITAT) directed re-adjudication to assessing officer for the rejection of claim of depreciation on fixed assets under Section 32 of Income Tax...
![Rejection of Depreciation Claim on fixed Assets u/s 32 of IT Act Due to Improper Filing of Depreciation Report: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Rejection-of-depreciation-Claim-on-fixed-assets-IT-Act-improper-filing-of-depreciation-report-ITAT-directs-re-adjudication-depreciation-Claim-on-fixed-assets-Rejection-of-depreciation-Claim-taxscan.jpg "Rejection of Depreciation Claim on fixed Assets u/s 32 of IT Act Due to Improper Filing of Depreciation Report: ITAT directs Re-adjudication [Read Order]")
Assessee cannot be Non-Filer or Undeclared of Tax in Return on Wrong Allotment of PANs: ITAT Directs Re-Adjudication [Read Order]
The Amritsar Bench Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the assessee could not be treated as non-filter or undisclosed of tax in return on wrong allotment. The...
![Assessee cannot be Non-Filer or Undeclared of Tax in Return on Wrong Allotment of PANs: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Filer-or-Undeclared-of-Tax-in-Return-on-Wrong-Allotment-of-PANs-ITAT-Directs-Re-Adjudication-TAXSCAN.jpg "Assessee cannot be Non-Filer or Undeclared of Tax in Return on Wrong Allotment of PANs: ITAT Directs Re-Adjudication [Read Order]")
![S.56(2)(vii) cannot be Invoked if Property is Purchased for more than Circle Rate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Property-Property-is-Purchased-Circle-Rate-ITAT-taxscan.jpg "S.56(2)(vii) cannot be Invoked if Property is Purchased for more than Circle Rate: ITAT [Read Order]")