![‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cash-is-Sourced-Cash-is-Sourced-out-of-Recorded-Debtors-Recorded-Debtors-Section-69A-cannot-be-invoked-ITAT-ITAT-deletes-Addition-taxscan.jpg "‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]")
‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 21.5 crores as the bench reached the conclusion that when...
![ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/bad-debt.jpg "ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]")
![Continuous Absence of Assessee during Income Tax Appeal Proceedings: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Ahmedabad-Income-Tax-Appeal-Income-Tax-Income-tax-updates-TAXSCAN.jpg "Continuous Absence of Assessee during Income Tax Appeal Proceedings: ITAT dismisses Appeal [Read Order]")
![Addition of ₹12 Lakh u/s 69A: ITAT holds Sundry Debtors do not Qualify as Unexplained Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Jaipur-Unexplained-Income-Section-69A-of-Income-Tax-Act-TAXSCAN.jpg "Addition of ₹12 Lakh u/s 69A: ITAT holds Sundry Debtors do not Qualify as Unexplained Income [Read Order]")
![ITAT Deletes Rs. 29.82 Lakh Addition u/s 69A as Cash Deposits Duly Accounted in Books [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/SITE-IMG-19.jpg "ITAT Deletes Rs. 29.82 Lakh Addition u/s 69A as Cash Deposits Duly Accounted in Books [Read Order]")
Addition u/s 69A made by AO without Bringing any Concrete Evidence Incriminating the assessee not Sustainable: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) Mumbai deleted an addition of Rs. 2 crore made under Section 69A of the Income Tax Act, 1961, as the Assessing Officer (AO) made the...
![Addition u/s 69A made by AO without Bringing any Concrete Evidence Incriminating the assessee not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/concrete-evidence-evidence-evidence-incriminating-assessee-not-sustainablesee-ITAT-not-sustainable-Addition-Section-69A-taxscan.jpg "Addition u/s 69A made by AO without Bringing any Concrete Evidence Incriminating the assessee not Sustainable: ITAT [Read Order]")
Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT)deleted the addition made under Section 69A of Income Tax Act,1961 for cash deposits and advances, holding that the amounts were sourced from...
![Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Additions-for-Cash-Deposits-Cash-Deposits-Cash-Deposits-and-Advances-Section-69A-ITAT-ITAT-Deletes-Addition-Based-on-Recorded-Sales-Recorded-Sales-taxscan.jpg "Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]")
Jurisdiction of PCITÂ not Invokable in absence of any Incorrectness and Incompleteness in Fact Appreciation by AO: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Jaipur bench while allowing the appeal has held that the jurisdiction of the Principle Commissioner of Income Tax (PCIT) is not invokable in absence of any...
![Jurisdiction of PCITÂ not Invokable in absence of any Incorrectness and Incompleteness in Fact Appreciation by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Delhi-ITAT-ITAT-Dismisses-Revenues-Tax-Appeal-Lack-of-Jurisdiction-Appropriate-Bench-Grants-Liberty-Income-Tax-Appellate-Tribunal-taxscan.jpg "Jurisdiction of PCITÂ not Invokable in absence of any Incorrectness and Incompleteness in Fact Appreciation by AO: ITAT [Read Order]")
ITAT Deletes ₹1.36Cr Addition as Travel Agent's Demonetization Deposits proved as Business Income [Read Order]
In a recent ruling, the Lucknow Bench of the Income Tax Appellate Tribunal ( ITAT ) overturned a tax demand related to ₹1.36 crores in cash deposits made during the demonetisation period by the...
![ITAT Deletes ₹1.36Cr Addition as Travel Agents Demonetization Deposits proved as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Lucknow-Income-Tax-Appellate-Tribunal-ITAT-Income-tax-addition-case-TAXSCAN.jpg "ITAT Deletes ₹1.36Cr Addition as Travel Agents Demonetization Deposits proved as Business Income [Read Order]")
ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of ₹88 Lakhs in knitting charges under Section 40A(3) as cash payments exceeding the...
![ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-upholds-Disallowance-of-Knitting-Charges-Disallowance-Knitting-Charges-Under-Section-40A3-Set-Off-of-Carry-Forward-Losses-Carry-Forward-Losses-taxscan-1.jpg "ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]")
ITAT sets aside addition of Rs.10 lakhs u/s 69A as Unexplained Cash Deposits During Demonetization [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) sets aside the addition of Rs. 10 lakhs under Section 69A of the Income Tax Act, 1961, as unexplained cash deposits during demonetization...
![ITAT sets aside addition of Rs.10 lakhs u/s 69A as Unexplained Cash Deposits During Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-sets-Unexplained-Cash-Deposits-Cash-Deposits-During-Demonetization-Demonetization-Section-69A-as-Unexplained-Cash-Deposits-taxscan.jpg "ITAT sets aside addition of Rs.10 lakhs u/s 69A as Unexplained Cash Deposits During Demonetization [Read Order]")
CIT(A) Disposes Matter After 4-Year Gap Without Proper Hearing: ITAT Orders Fresh Adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) remanded back for fresh adjudication to the Commissioner of Income Tax (appeals)[CIT(A)] after a delay of four years for disposing of...
![CIT(A) Disposes Matter After 4-Year Gap Without Proper Hearing: ITAT Orders Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CITA-CITA-Disposes-Matter-CITA-Disposes-Without-Proper-Hearing-Proper-Hearing-Hearing-ITAT-ITAT-Orders-ITAT-Orders-Fresh-Adjudication-taxscan.jpg "CIT(A) Disposes Matter After 4-Year Gap Without Proper Hearing: ITAT Orders Fresh Adjudication [Read Order]")