![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]")
Section 249(4)(b) does not Apply when there is No question of Advance Tax in Income Tax Reassessment Proceedings: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Section 249(4)(b) of Income Tax Act, 1961 does not apply when there is no...
![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]")
![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]")
No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the addition under Section 69C of the Income Tax Act, 1961 as explanation as to source of credit card payment was not...
![No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Source-of-Credit-Card-Payment-ITAT-upholds-Addition-ITAT-Credit-Card-Payment-Income-Tax-Act-Income-Tax-taxscan-.jpg "No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]")
HC in exercise of Constitutional Writ Jurisdiction cannot act as AO and scrutinize facts and evidence : Calcutta HC [Read Order]
In a recent decision, a Single Bench of the Calcutta High Court ordered the Assessing Officer (AO) to submit a report on May 18, 2023, in order to inquire about the deponent's business operations and...
Gujarat HC quashed the Addition of Unexplained Income without Detailed Enquiry: SC upholds the Order of ITAT and AO [Read Order]
The Supreme Court of India in its recent judgement upheld the order of the Income Tax Appellate Tribunal (ITAT) and Assessing Officer (AO) since the court found that Gujarat High Court quashed the...
![Gujarat HC quashed the Addition of Unexplained Income without Detailed Enquiry: SC upholds the Order of ITAT and AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Gujarat-HC-quashed-the-Addition-of-Unexplained-Income-Gujarat-High-Court-Addition-of-Unexplained-Income-without-Detailed-Enquiry-Addition-of-Unexplained-Income-Unexplained-Income-Taxscan.jpg "Gujarat HC quashed the Addition of Unexplained Income without Detailed Enquiry: SC upholds the Order of ITAT and AO [Read Order]")