![Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Alimony-Received-on-Divorce-is-not-Unexplained-Cash-Credit-Alimony-Received-on-Divorce-Alimony-Unexplained-Cash-Credit-ITAT-Taxscan.jpg "Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]")
Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has recently held that alimony received on divorce is not unexplained cash credit under...
![No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-can-be-made-on-Unexplained-Cash-Credit-Sale-and-Purchase-of-Shares-ITAT-TAXSCAN.jpg "No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]")
![Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Share-Subscription-Unexplained-Cash-Credit-Unexplained-Cash-Cash-Credit-ITAT-Taxscan.jpg "Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]")
![Purchase on Credit included within the Meaning of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Credit-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-taxscan.jpg "Purchase on Credit included within the Meaning of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
![Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Unexplained-Cash-Credit-ITAT-taxscan.jpeg "Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]")
Long Term Capital Gain from Sale of Shares of Bogus Company: ITAT upholds Disallowance u/s 68 [Read Order]
While upholding the disallowance u/s 68 of the Income Tax Act, the Mumbai Bench of the Income Tax Appellate Tribunal has held that long-term capital gain from the sale of shares of the bogus company....
![Long Term Capital Gain from Sale of Shares of Bogus Company: ITAT upholds Disallowance u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Long-Term-Capital-Gain-sale-of-Shares-bogus-Company-ITAT-Disallowance-Taxscan.jpg "Long Term Capital Gain from Sale of Shares of Bogus Company: ITAT upholds Disallowance u/s 68 [Read Order]")
ITAT deletes Additions for Unexplained Cash Credit as it was not based on Incriminating Material found during course of Search Operations [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition for Unexplained Cash Credit as it was not based on incriminating material found during the course of search operations. ...
![ITAT deletes Additions for Unexplained Cash Credit as it was not based on Incriminating Material found during course of Search Operations [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/1907dcf3-056b-4eee-bb17-5034942ed9d0.jpg "ITAT deletes Additions for Unexplained Cash Credit as it was not based on Incriminating Material found during course of Search Operations [Read Order]")
Actual Receipt of Money by Assessee is a mandatory condition to invoke section 68 for Unexplained Cash Credit: ITAT grants relief
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while providing the relief to the Zexus Air Services Pvt. Ltd. ruled that Actual Receipt of Money by Assessee is a mandatory condition to invoke...
Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench while deleting the addition held that the marriage Gifts/Cash received through Banking Channel cannot be treated as a source for Cash...
![Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Marriage-Gifts-Cash-received-through-Banking-Channel-Cash-Deposits-ITAT-Taxscan.jpg "Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]")
Addition for Unexplained Cash Credit justified in respect of Unexplained Creditors shown as Bogus: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench ruled that the addition for unexplained cash credit is justified in respect of unexplained creditors shown as bogus. The AO asked the...
![Addition for Unexplained Cash Credit justified in respect of Unexplained Creditors shown as Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/unexplained-cash-credit-unexplained-creditors-bogus-ITAT-Taxscan.jpg "Addition for Unexplained Cash Credit justified in respect of Unexplained Creditors shown as Bogus: ITAT [Read Order]")
![ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Unexplained-Cash-Credit-Taxscan.jpg "ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]")
Mere low declaration of Income by Creditors is no ground to make the addition in respect of Unexplained Cash Credit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that mere low declaration of Income by creditors is no ground to make the addition in respect of Unexplained cash credit. The assessee...
![Mere low declaration of Income by Creditors is no ground to make the addition in respect of Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Mere-low-declaration-Income-by-creditors-Unexplained-cash-credit-ITAT-Taxscan.jpg "Mere low declaration of Income by Creditors is no ground to make the addition in respect of Unexplained Cash Credit: ITAT [Read Order]")