![Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Cessation-of-Liabilities-Cessation-of-Liabilities-Section-411-ITAT-ITAT-Upholds-Deletion-of-Additions-CITA-Deletion-of-Additions-by-CITA-taxscan.jpg "Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]")
Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision in deleting the additions...
![Non-Filing of Evidence: ITAT upholds Addition of Sundry Creditors Balances [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Sundry-Creditors-Balances-Non-Filing-of-Evidence-Taxscan.jpg "Non-Filing of Evidence: ITAT upholds Addition of Sundry Creditors Balances [Read Order]")
![ITAT Reverses Addition made Solely based on Survey Statement u/s 133A without Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Pune-Addition-Made-Solely-Survey-Statement-Section-133A-Income-Tax-Act-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT Reverses Addition made Solely based on Survey Statement u/s 133A without Corroborative Evidence [Read Order]")
![Income Tax Authorities fails to discuss difference in Sundry Creditors before Confirming Addition u/s 41(1): ITAT remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-Income-tax-authorities-Sundry-creditors-AO-TAXSCAN.jpg "Income Tax Authorities fails to discuss difference in Sundry Creditors before Confirming Addition u/s 41(1): ITAT remands Matter to AO [Read Order]")
![Addition made on Account of Sundry Creditors Balance due to Improper Explanation on part of Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Addition-made-on-Account-of-Sundry-Creditors-Balance-ITAT-Directs-Re-adjudication-Re-adjudication-ITAT-Sundry-Creditors-Balance-taxscan.jpg "Addition made on Account of Sundry Creditors Balance due to Improper Explanation on part of Assessee: ITAT Directs Re-adjudication [Read Order]")
Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that matters pending before the CIT(A) for adjudication cannot be disputed in the proceedings...
![Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/CITA-Matters-Pending-Before-CITA-for-Adjudication-Adjudication-Proceedings-ITAT-Taxscan.jpg "Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]")
Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that matters pending before the CIT(A) for adjudication cannot be disputed in the proceedings...
![Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Matters-Pending-Before-CITA-for-Adjudication-cannot-be-Disputed-in-Proceedings-CITA-Adjudication-Disputed-in-Proceedings-ITAT-Taxscan.jpg "Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]")
Cessation of liability u/s 41(1) not charged, even absence of write-off of outstanding liabilities in Books of Account: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Shri Chandra Mohan Garg, judicial member & Shri Anadee Nath Misshra, accountant member has held cessation of liability u/s41(1) not charged...
![Cessation of liability u/s 41(1) not charged, even absence of write-off of outstanding liabilities in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/liability-outstanding-liabilities-books-of-account-ITAT-taxscan.jpeg "Cessation of liability u/s 41(1) not charged, even absence of write-off of outstanding liabilities in Books of Account: ITAT [Read Order]")
Primary Addition to Income by AO was deleted on Appeal, No Correction of Arithmetical mistake by invoking sec 263 Survive: ITAT [Read Order]
The Cuttack Bench of Income Tax Appellate Tribunal has held that primary addition to income by AO was deleted on appeal, no correction of arithmetical mistake by invoking sec 263 survive. The...
![Primary Addition to Income by AO was deleted on Appeal, No Correction of Arithmetical mistake by invoking sec 263 Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Primary-Addition-Income-AO-Arithmetical-mistake-ITAT-Taxscan.jpeg "Primary Addition to Income by AO was deleted on Appeal, No Correction of Arithmetical mistake by invoking sec 263 Survive: ITAT [Read Order]")
Cash Paid to Sundry Creditor on Supply Buffalo meat cannot be Disallowed u/S 40A(3) of the Act: ITAT sets aside Assessment Order
In a recent case, the Delhi Income Tax Appellate Tribunal (ITAT) held that cash paid to sundry creditor on supply of buffalo meat could not be disallowed under Section 40A(3) of the Income Tax Act,...
Money cannot be treated as 'Unaccounted' merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while deleting penalty under section 271(1)(c) of the Income Tax Act, 1961 has held that the money cannot be treated as ‘unaccounted’ merely...
![Money cannot be treated as Unaccounted merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Money-Unaccounted-Non-Response-Creditors-ITAT-Penalty-Taxscan.jpeg "Money cannot be treated as Unaccounted merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]")
Mere Failure on part of Assessee to furnish Complete details of Sundry Creditors is not a Sole Ground for Assessment: ITAT Kolkata
In DCIT v. M/s. SPML CISC (JV), the ITAT Kolkata ruled that failure on the part of the assessee to furnish the complete details of sundry creditors alone is not a sufficient ground for completing...
