![Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Jewellery-collection-tax-ITAT-ITAT-Delhi-Income-tax-jewellery-tax-taxscan.jpg "Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]")
Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Yogesh Kumar Us (Judicial Member)Â and Pradip Kumar Kedia. (Accountant...
![Addition u/s. 69A of Income Tax Act cannot be made in respect of Monies which are recorded in Bank Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-ITAT-decision-bank-statement-monies-ITAT-and-bank-TAXSCAN.jpg "Addition u/s. 69A of Income Tax Act cannot be made in respect of Monies which are recorded in Bank Statement: ITAT [Read Order]")
![Not Every Deposit during Demonetization Period would fall under Category of Unaccounted Cash: ITAT remits to AO for fresh consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Bangalore-ITAT-news-tax-news-tax-update-Taxscan.jpg "Not Every Deposit during Demonetization Period would fall under Category of Unaccounted Cash: ITAT remits to AO for fresh consideration [Read Order]")
![Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Taxpayer-Operating-Money-Transfer-Business-M-Pesa-Mobile-Wallets-Evident-Bank-Statement-ITAT-Re-Adjudication-taxscan.jpg "Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]")
![AO and CIT (A) ignores Cash Deposit Evidences: ITAT deletes addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-CIT-A-ITAT-addition-AO-and-CIT-A-Ignores-Cash-Deposit-Evidences-taxscan.jpg "AO and CIT (A) ignores Cash Deposit Evidences: ITAT deletes addition u/s 69A [Read Order]")
Acceptance of Explanation of Cash Investment: ITAT Upholds CIT (A) Decision to Delete Cash Deposit Additions u/s 69A of Income Tax Act [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has upheld the decision of the Commissioner of Income Tax (Appeals) [CIT (A)] to delete additions made under section 69A of the Income...
![Acceptance of Explanation of Cash Investment: ITAT Upholds CIT (A) Decision to Delete Cash Deposit Additions u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Acceptance-of-Explanation-of-Cash-Investment-Cash-Investment-Cash-ITAT-CIT-A-Cash-Deposit-Income-Tax-Act-taxscan.jpg "Acceptance of Explanation of Cash Investment: ITAT Upholds CIT (A) Decision to Delete Cash Deposit Additions u/s 69A of Income Tax Act [Read Order]")
Cash Deposit on Demonetization not to be Taxed as Unexplained Income u/s 69A of Income Tax Act on Explanation of Source: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) held that cash deposit on demonetization not to be taxed as unexplained income under Section 69A of the Income Tax Act, 1961 on...
![Cash Deposit on Demonetization not to be Taxed as Unexplained Income u/s 69A of Income Tax Act on Explanation of Source: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-Cash-Deposit-TAXSCAN.jpg "Cash Deposit on Demonetization not to be Taxed as Unexplained Income u/s 69A of Income Tax Act on Explanation of Source: ITAT [Read Order]")
Commissioner ( Appeals ) has the power to enhance an Assessment which was Dealt by Assessing Officer: SC rejects review Petition [Read Order]
The Supreme Court dismissed a review petition filed by the assessee challenging the power of Commissioner ( Appeals ) to enhance an assessment which has been dealt by the Assessing Officer. The two...
Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Business receipt or unexplained cash receipt can be assessed u/S 69 A of Income Tax Act 1961. The assesse firm was...
![Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-Mumbai-Business-receipt-unexplained-cash-receipt-Income-Tax-on-Unexplained-cash-taxscan.jpg "Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]")
Absence of bills and Invoices of wrist watches found during search not a reason for addition u/s 69A of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that the absence of bills and invoices for wristwatches found during the search proceedings should not be a reason for making additions...
![Absence of bills and Invoices of wrist watches found during search not a reason for addition u/s 69A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/bills-and-Invoices-wrist-watches-search-Income-Tax-Act-ITAT-TAXSCAN.jpg "Absence of bills and Invoices of wrist watches found during search not a reason for addition u/s 69A of Income Tax Act: ITAT [Read Order]")
Assessee cannot go on asking for Time one after another in Response to SCN: Kerala HC upholds Assessment Order passed under Income Tax Act [Read Order]
The Kerala High Court upheld the assessment order passed under the Income Tax Act, 1961 and observed that the assessee cannot go on asking for time one after another in response to the show cause...
![Assessee cannot go on asking for Time one after another in Response to SCN: Kerala HC upholds Assessment Order passed under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Assessment-Order-SCN-Kerala-High-Court-TAXSCSAN.jpg "Assessee cannot go on asking for Time one after another in Response to SCN: Kerala HC upholds Assessment Order passed under Income Tax Act [Read Order]")
Addition u/s 69A can't be imposed when Assessee doesn't hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 69A of the Income Tax Act, 1961 cannot be imposed when the assessee doesn’t hold the ownership of the...
![Addition u/s 69A cant be imposed when Assessee doesnt hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-ITAT-delhi-Cash-Ownership-of-Money-Addition-Assessee-Ownership-taxscan.jpeg "Addition u/s 69A cant be imposed when Assessee doesnt hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [Read Order]")