![Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Time-Gap-Between-Deposit-Undisclosed-Income-taxscan.jpeg "Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]")
Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT )ruled that the time gap between cash withdrawals and deposits was insufficient to treat...
![Failure of AO to Prove Nexus b/w Post- Dated Cheque and Undisclosed Income: ITAT Upholds deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/AO-to-Prove-Nexus-Post-Dated-Cheque-and-Undisclosed-Income-ITAT-TAXSCAN1.jpg "Failure of AO to Prove Nexus b/w Post- Dated Cheque and Undisclosed Income: ITAT Upholds deletion of Addition [Read Order]")
![ITAT deletes Penalty u/s 271AAA of Income Tax Act Due to Lack of Opportunity to Explain Undisclosed Income Source During Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Income-Tax-Act-Due-to-Lack-of-Opportunity-to-Explain-Undisclosed-Income-Source-During-Search-Proceedings-TAXSCAN.jpg "ITAT deletes Penalty u/s 271AAA of Income Tax Act Due to Lack of Opportunity to Explain Undisclosed Income Source During Search Proceedings [Read Order]")
![Cash Deposited in Bank Account as a result of Earlier Withdrawal cant be treated as Undisclosed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Cash-Deposited-Bank-Account-result-of-Earlier-Withdrawal-Undisclosed-Income-ITAT-TAXSCAN.jpg "Cash Deposited in Bank Account as a result of Earlier Withdrawal cant be treated as Undisclosed Income: ITAT [Read Order]")
![Section 269ST Applies to Undisclosed Income Declared During Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Applies-to-Undisclosed-Income-Declared-During-Survey-ITAT-TAXSCAN.jpg "Section 269ST Applies to Undisclosed Income Declared During Survey: ITAT [Read Order]")
No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that the penalty cannot be imposed under Section 271AAA(2) when the assessee disclosed undisclosed income in a statement...
![No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Assessee-Disclosed-Undisclosed-Income-Assessee-Undisclosed-Income-Statement-ITAT-Taxscan.jpg "No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]")
ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on failure of the assessee to substantiate the source and manner of undisclosed income, upheld the...
![ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-upholds-Penalty-under-Section-271AAA-Substantiate-Source-and-Manner-of-Undisclosed-Income-TAXSCAN.jpg "ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]")
‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently deleted an addition made on undisclosed income and observed that notional interest cannot be taxed as income. The assessee,Sh....
![‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notional-Interest-taxed-as-Income-ITAT-deletes-Addition-of-Undisclosed-Income-TAXSCAN.jpg "‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]")
ITAT upholds Addition made u/s 69Â on Unaccounted, Undisclosed Income on the basis of the Seized Loose Papers [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently upheld the addition made under Section 69 of the Income Tax Act 1961 on unaccounted, undisclosed income on the basis of the seized...
![ITAT upholds Addition made u/s 69Â on Unaccounted, Undisclosed Income on the basis of the Seized Loose Papers [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Unaccounted-Undisclosed-Income-Seized-Loose-Papers-Loose-Papers-Undisclosed-Income-on-the-basis-of-the-Seized-Loose-Papers-ITAT-upholds-Addition-taxscan.jpg "ITAT upholds Addition made u/s 69Â on Unaccounted, Undisclosed Income on the basis of the Seized Loose Papers [Read Order]")
Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench recently in an appeal held that income tax exemption cannot be granted since share transactions are found as sham and used as a device to make...
![Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Exemption-income-Share-Transactions-Undisclosed-Income-Income-tax-ITAT-taxscan.jpg "Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]")
No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT), has held that no search was conducted on the assessee and upholds the deletion of penalty under section 271AAB on undisclosed income. The...
![No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Assessee-ITAT-Penalty-Undisclosed-Income-taxscan.jpeg "No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]")
Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench has held that addition for undisclosed income under section 69A cannot be made merely on grounds of typographical errors. The...
![Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Undisclosed-Income-Typographical-Errors-ITAT-taxscan.jpeg "Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]")