![ITAT Upholds Deletion of Rs. 4 Crore Addition for Unexplained Expenditure, Citing Insufficient Evidence of Off-Book Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-Unexplained-Expenditure-section-69C-of-Income-Tax-Act-Citing-Insufficient-Evidence-of-Off-Book-Payments-TAXSCAN.jpg "ITAT Upholds Deletion of Rs. 4 Crore Addition for Unexplained Expenditure, Citing Insufficient Evidence of Off-Book Payments [Read Order]")
ITAT Upholds Deletion of Rs. 4 Crore Addition for Unexplained Expenditure, Citing Insufficient Evidence of Off-Book Payments [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of a Rs. 4 crore addition for unexplained expenditure under section...
![ITAT Absolves Income Taxpayer of Advance Tax Liability u/s 209 observing Lack of Implicating Material [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Hyderabad-Tax-Liability-Income-Tax-Section-209-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "ITAT Absolves Income Taxpayer of Advance Tax Liability u/s 209 observing Lack of Implicating Material [Read Order]")
![Non filing of ITR: ITAT upholds Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-ITR-Filing-income-tax-return-filing-income-tax-return-taxscan.jpg "Non filing of ITR: ITAT upholds Reassessment Proceedings [Read Order]")
![Section 249(4)(b) does not Apply when there is No question of Advance Tax in Income Tax Reassessment Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Reassessment-Proceedings-Income-Tax-Reassessment-taxscan.jpg "Section 249(4)(b) does not Apply when there is No question of Advance Tax in Income Tax Reassessment Proceedings: ITAT [Read Order]")
Unexplained Expenditure justified as Business Promotion Expenses with Relevant Bank Statements: ITAT deletes Addition u/s 69C [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) removed the addition under Section 69C of the Income Tax Act, 1961 after justifying unexplained expenditure as business promotion...
![Unexplained Expenditure justified as Business Promotion Expenses with Relevant Bank Statements: ITAT deletes Addition u/s 69C [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Unexplained-Expenditure-TAXSCAN.jpg "Unexplained Expenditure justified as Business Promotion Expenses with Relevant Bank Statements: ITAT deletes Addition u/s 69C [Read Order]")
Accommodation Entries provided in form of bogus Purchases from Dummy Companies: ITAT upholds Addition u/s 69C of Income Tax Act
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition under Section 69C of the Income Tax Act, 1961, and held that the accommodation entries provided in the form of bogus...
![ITAT Deletes Addition u/s 69C of Income Tax Act made Solely on Basis of WhatsApp chat [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Addition-Income-Tax-Act-WhatsApp-chat-Income-Tax-taxscan.jpeg "ITAT Deletes Addition u/s 69C of Income Tax Act made Solely on Basis of WhatsApp chat [Read Order]")
Non-Attendance of Summons cannot be Sole reason for Disallowance u/s 69C of the Income Tax Act when Sufficient Evidence is Produced to Prove Genuineness of Purchases: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that non-attendance of summons could not be the sole reason for disallowance under Section 69C of the Income Tax Act 1961, when...
![Non-Attendance of Summons cannot be Sole reason for Disallowance u/s 69C of the Income Tax Act when Sufficient Evidence is Produced to Prove Genuineness of Purchases: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-Attendance-Summons-Disallowance-Income-Tax-Act-Sufficient-Evidence-Genuineness-Purchases-ITAT-taxscan.jpg "Non-Attendance of Summons cannot be Sole reason for Disallowance u/s 69C of the Income Tax Act when Sufficient Evidence is Produced to Prove Genuineness of Purchases: ITAT [Read Order]")
ITAT quashes GP Ratio Application on Gross Receipts in Absence of Suppression or Discrepancy, upholds Addition of Unexplained Expenditure u/s 69C of IT Act as Negotiations Not Proved
The Income Tax Appellate Tribunal (ITAT), Delhi bench has quashed the rejection of books of accounts of the assessee and the Gross Profit (GP) Ratio application on Gross Receipts in the absence of...
Additional Income cannot be Treated as Unexplained Expenditure to Invoke Section 115BBE of Income Tax Act: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that the additional income cannot be treated as unexplained expenditure under Section 69C of the Income Tax Act, 1961 to attract...
![Additional Income cannot be Treated as Unexplained Expenditure to Invoke Section 115BBE of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Additional-Income-Income-Additional-Income-cannot-be-Treated-Unexplained-Expenditure-Income-Tax-Act-ITAT-taxscan.jpg "Additional Income cannot be Treated as Unexplained Expenditure to Invoke Section 115BBE of Income Tax Act: ITAT [Read Order]")