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![Provisions of Unexplained Cash Credit does not attract If no Cash involved in Transaction of Allotment of Shares: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/Unexplained-Cash-Credit-Madras-High-Court-Taxscan.jpg "Provisions of Unexplained Cash Credit does not attract If no Cash involved in Transaction of Allotment of Shares: Madras HC [Read Judgment]")
Provisions of Unexplained Cash Credit does not attract If no Cash involved in Transaction of Allotment of Shares: Madras HC [Read Judgment]
A two-judge bench of the Madras High Court comprising the Chief Justice Indira Banerjee recently held that the provisions of section 68 of the Income...
![Sale Consideration once Taxed u/s 45 can’t again assessable as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Sale-Consideration-Taxscan.jpg "Sale Consideration once Taxed u/s 45 can’t again assessable as Unexplained: ITAT [Read Order]")
![No Addition if Assessee able to Prove Genuineness of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan-1.jpg "No Addition if Assessee able to Prove Genuineness of Transaction: ITAT [Read Order]")
ITAT Confirms Addition in respect of Unexplained Cash Credit since Assessee paid ‘On Money’ for Purchase of Property [Read Order]
The ITAT bench comprising acting judicial member Ravish Sood and vice president P.K. Bansal recently recently held that additions in respect of unexplained cash credit under Section 68 of the Income...
![ITAT Confirms Addition in respect of Unexplained Cash Credit since Assessee paid ‘On Money’ for Purchase of Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "ITAT Confirms Addition in respect of Unexplained Cash Credit since Assessee paid ‘On Money’ for Purchase of Property [Read Order]")
Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]
A division bench of the Kolkata ITAT, recently ruled that the advance amount received by a car dealer for booking by customers without invoice cannot be treated as unexplained cash credit under...
![Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Car-Booking-Taxscan.jpg "Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]")
Provisions relating to Unexplained Cash Credit u/s 68 are Applicable to Share Capital/ Premium even before the amendment in 2012: ITAT Kolkata [Read Order]
In M/s. Classic Flour & Food Processing Pvt Ltd v. CIT, the division bench of the Income Tax Appellate Tribunal (ITAT), Kolkata held that the provisions of section 68 of the Income Tax Act...
![Provisions relating to Unexplained Cash Credit u/s 68 are Applicable to Share Capital/ Premium even before the amendment in 2012: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Provisions relating to Unexplained Cash Credit u/s 68 are Applicable to Share Capital/ Premium even before the amendment in 2012: ITAT Kolkata [Read Order]")