Gifts received in shape of cash “Shaguns” on various occasions like Marriages, Birthdays, Anniversaries kept in Locker shall not be treated as Unexplained Money u/s 69A of Income Tax Act: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that gifts received in the form of cash shaguns on various occasions, such as marriages,...
![Assessee adopted an Evasive/lackadaisical Approach and didnt Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Evasive-lackadaisical-Approach-Participate-Assessment-Proceedings-ITAT-Addition-Income-Tax-Act-TAXSCAN.jpg "Assessee adopted an Evasive/lackadaisical Approach and didnt Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]")
![Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Unsigned-Unexecuted-Draft-Agreement-Sale-found-Soft-Copy-Third-Party-Premises-ITAT-TAXSCAN.jpg "Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]")
ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench directed readjudication of foreign Income earned by the deceased assessee depending on residential status of the previous year, not that of the...
![ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Re-adjudication-of-Foreign-Income-Deceased-Assessee-depending-on-Residential-Status-of-Previous-Year-Executor-TAXSCAN.jpg "ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]")
Ignoring IT Proceedings: ITAT imposes a cost to make Assessee understand the Seriousness of Income Tax Proceedings [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) imposed a cost to make assessee understand the seriousness of the income tax proceedings. The assessee is aggrieved by the decision of...
![Ignoring IT Proceedings: ITAT imposes a cost to make Assessee understand the Seriousness of Income Tax Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Ignoring-IT-Proceedings-IT-proceedings-ITAT-imposes-a-cost-to-make-Assessee-understand-the-Seriousness-of-Income-Tax-Proceedings-ITAT-taxscan.jpg "Ignoring IT Proceedings: ITAT imposes a cost to make Assessee understand the Seriousness of Income Tax Proceedings [Read Order]")
Quantity of Gold Jewellery Less than Allowable Limit by CBDT Circular not Unexplained Jewellery u/s 69 of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that as per the CBDT (Central Board of Direct Taxes) circular, 500 gms for the assessee, 100 gms for her husband and 250 gms for her...
![Quantity of Gold Jewellery Less than Allowable Limit by CBDT Circular not Unexplained Jewellery u/s 69 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Quantity-Gold-Jewellery-Allowable-CBDT-Circular-Unexplained-Jewellery-Income-Tax-Act-ITAT-TAXSCAN.jpg "Quantity of Gold Jewellery Less than Allowable Limit by CBDT Circular not Unexplained Jewellery u/s 69 of Income Tax Act: ITAT [Read Order]")
Non issuance of Notice prevented Assessee from Reasonable Opportunity of being Heard Resulting in Violation of Natural Justice: ITAT directs Readjudication [Read Order]
The Chennai bench of the Income Tax Appellate (ITAT) Tribunal held that no notice to the registered e-mail ID of the assessee as per the PAN data base/ Income Tax Web Portal was issued is in gross...
![Non issuance of Notice prevented Assessee from Reasonable Opportunity of being Heard Resulting in Violation of Natural Justice: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-issuance-of-notice-notice-assessee-reasonable-opportunity-opportunity-ITAT-directs-readjudication-taxscan.jpg "Non issuance of Notice prevented Assessee from Reasonable Opportunity of being Heard Resulting in Violation of Natural Justice: ITAT directs Readjudication [Read Order]")
ITAT treats Cash Deposit during Demonetization Period u/s 69A on Failure to Produce Documentary Evidence [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has treated the cash deposit made during the demonetisation period under Section 69A of the Income Tax Act 1961 on failure to produce the...
![ITAT treats Cash Deposit during Demonetization Period u/s 69A on Failure to Produce Documentary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-treats-Cash-Deposit-during-Demonetization-Period-Demonetization-ITAT-Cash-Deposit-Produce-Documentary-Evidence-taxscan.jpg "ITAT treats Cash Deposit during Demonetization Period u/s 69A on Failure to Produce Documentary Evidence [Read Order]")
Failure to Furnish Material Evidence of Rs. 1 crore Gift Received on Marriage: ITAT sustains addition of Partial Amount as Unexplained Money [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) sustainedthe addition of partial amount of Rs. 1 crore as unexplained money under Section 69A of the Income Tax Act, 1961. The tribunal...
![Failure to Furnish Material Evidence of Rs. 1 crore Gift Received on Marriage: ITAT sustains addition of Partial Amount as Unexplained Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Furnish-Material-Evidence-Gift-Received-Marriage-ITAT-Partial-Unexplained-Money-taxscan.jpg "Failure to Furnish Material Evidence of Rs. 1 crore Gift Received on Marriage: ITAT sustains addition of Partial Amount as Unexplained Money [Read Order]")
Income from a Partnership Firm having Separate Identity from Partner can't be added together u/s 69A of Income Tax Act: ITAT deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income from the partnership firm having a separate identity from the partner cannot be added together under Section 69A of...
![Income from a Partnership Firm having Separate Identity from Partner cant be added together u/s 69A of Income Tax Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-from-a-Partnership-Firm-having-Separate-Identity-Income-from-a-Partnership-Firm-Income-Partnership-Firm-Income-Tax-Act-ITAT-deletes-Addition-ITAT-Taxscan.jpg "Income from a Partnership Firm having Separate Identity from Partner cant be added together u/s 69A of Income Tax Act: ITAT deletes Addition [Read Order]")