Read all Latest Updates on and about Section 69A of the Income Tax Act

Top

Begin typing your search above and press return to search.

Home
»
Section 69A of the...

ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]

Eeva Mary Sanil

In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of ₹88 Lakhs in knitting charges under...

ITAT sets aside addition of Rs.10 lakhs u/s 69A as Unexplained Cash Deposits During Demonetization...

CIT(A) Disposes Matter After 4-Year Gap Without Proper Hearing: ITAT Orders Fresh Adjudication [Read...

ITAT Remands Case to Assessing Officer for Fresh Adjudication Due to Lack of Reasonable Opportunity...

ITAT Remands Rs. 1473.8 Crore Unexplained Money Addition for Fresh Assessment, due to Lack of Fair...

ITAT estimates Cheque Discounter’s Taxable Income at 10% of Cash and Other Credit due to Possible Revenue Leakage [Read Order]

In a notable ruling, the Surat Bench of the Income Tax Appellate Tribunal (ITAT) proceeded to estimate the taxable income of a cheque discounter at 10% of the cash and other credit amount disputed by...

All bank transactions and Credit Entries not Taxable if amounts immediately Debited by Clearance: ITAT upholds Reasonable Estimation [Read Order]

The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) recently clarified the prominence of reasonable estimation, averring that not all bank transactions and credit entries may be treated as...

Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has remanded a case involving the partnership firm, back to the Assessing Officer (AO) for a fresh examination. The...

ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing 'Good and Sufficient Reasons' [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ), Agra Bench, has intervened and directed the Commissioner of Income-tax (Appeals) [CIT(A)] to admit her appeal. This order comes in...

ITAT upholds Addition of Rs. 70.95 Lakh u/s 69A due to Assessee's Non-Compliance [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad "B" Bench, upheld the addition of Rs. 70.95 lakh under Section 69A of the Income Tax Act against Kanak Pramukhlal Sandesara for unexplained cash...

ITAT quashes Penalty under Section 271(1)(c), Directs AO to reconsider Quantum Addition [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) Agra Bench has set aside the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961, and directed the Assessing...

Notices sent to Inactive Email ID: ITAT directs fresh hearing on Unexplained Demonetization Cash Deposits matter [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed a fresh hearing in a case involving unexplained cash deposits during the demonetization period citing assessing officer (AO)...

Prev Page Next Page