Begin typing your search above and press return to search.
![Transaction between Family Members for Bonafide Purpose not Loan or Deposit under section 269SS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Transaction between Family Members for Bonafide Purpose not Loan or Deposit under section 269SS: ITAT [Read Order]")
Transaction between Family Members for Bonafide Purpose not Loan or Deposit under section 269SS: ITAT [Read Order]
In a recent order of the Income Tax Appellate Tribunal, Cuttack held that the transaction between the relatives of family members for giving support...
![Exemption u/s 10(38) cannot be Disallowed when Transaction is Not Declared as Penny Stock: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Exemption-Disallowed-Transaction-Penny-Stock-ITAT-Income-Tax-Taxscan.jpg "Exemption u/s 10(38) cannot be Disallowed when Transaction is Not Declared as Penny Stock: ITAT [Read Order]")
![Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/unexplained-cash-genuineness-of-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]")
![Power to order Interim Compensation u/s 143A cannot be passed without complying Principles of Natural Justice: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interim-Compensation-Principles-of-Natural-Justice-Karnataka-High-Court-Taxscan.jpg "Power to order Interim Compensation u/s 143A cannot be passed without complying Principles of Natural Justice: Karnataka HC [Read Order]")
![Application not admissible for ruling if failed to substantiate the proposed Transaction: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/transaction-AAR-taxscan.jpeg "Application not admissible for ruling if failed to substantiate the proposed Transaction: AAR [Read Order]")
Sufficiency/Adequacy of 'Reason to Believe' need not be considered to determine Validity of Search u/s 132: Supreme Court [Read Judgment]
The division bench of the Supreme Court has held that sufficiency or adequacy of "reason to believe" need not be considered to determine the validity of search under section 132 of the Income Tax Act...
![Sufficiency/Adequacy of Reason to Believe need not be considered to determine Validity of Search u/s 132: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/07/Reason-to-Believe-determine-Validity-Supreme-Court-taxscan.jpeg "Sufficiency/Adequacy of Reason to Believe need not be considered to determine Validity of Search u/s 132: Supreme Court [Read Judgment]")
![Partners can’t be Taxed for the Transaction made by Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Partners-ITAT-Taxscan.jpg "Partners can’t be Taxed for the Transaction made by Firm: ITAT [Read Order]")
Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that a transaction cannot be treated as bogus only on the basis of the report of Investigation Wing. In the instant case, the...