![Statement Recorded During Survey Has No Evidentiary Value: Chhattisgarh HC Quashes Additions on Excess Stock & Cash based on SC decision [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106514-evidentiary-value-chhattisgarh-hc-cash-based-on-sc-decision-taxscan.webp "Statement Recorded During Survey Has No Evidentiary Value: Chhattisgarh HC Quashes Additions on Excess Stock & Cash based on SC decision [Read Order]")
Statement Recorded During Survey Has No Evidentiary Value: Chhattisgarh HC Quashes Additions on Excess Stock & Cash based on SC decision [Read Order]
The Chhattisgarh High Court, quashed the additions on excess stock and cash observing the Madras HC ruling which affirmed by the Supreme Court that ...
![Reassessment Against Non-Existent Entity Void: Bombay HC Quashes S.148 Notice & ₹16.57 Cr IT Demand Against Petitioner [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106376-reassessment-non-existent-entity-bombay-hc-bombay-hc-quashes-taxscan.webp "Reassessment Against Non-Existent Entity Void: Bombay HC Quashes S.148 Notice & ₹16.57 Cr IT Demand Against Petitioner [Read Order]")
![Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/250x150_2095412-itat-business-income-additional-income-taxscan.webp "Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]")
![ITAT Reduces Addition on Unexplained Investment to ₹1.32 Lakh, Grants ₹6.5 Lakh Relief Considering Socio-Economic Status [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/250x150_2088277-itat-reduces-unexplained-investment-taxscan.webp "ITAT Reduces Addition on Unexplained Investment to ₹1.32 Lakh, Grants ₹6.5 Lakh Relief Considering Socio-Economic Status [Read Order]")
![CIT(A) cannot Reject Additional evidence u/r 46 A of Income Tax Rules against unexplained Investment Merely because of non-furnishing before AO: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/17/250x150_2064739-cita-cita-cannot-reject-additional-evidence-evidence-section-46-a-of-income-tax-rules-taxscan.webp "CIT(A) cannot Reject Additional evidence u/r 46 A of Income Tax Rules against unexplained Investment Merely because of non-furnishing before AO: ITAT [Read Order]")
Taxpayer's Statement Validates Dumb Document Found During Search: ITAT Upholds Unexplained Investment Addition [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition of Rs. 25 lakhs as unexplained investment based on the document found during search and rejected the claim of...
![Taxpayers Statement Validates Dumb Document Found During Search: ITAT Upholds Unexplained Investment Addition [Read Order]](https://images.taxscan.in/h-upload/2025/06/29/500x300_2056267-taxpayer-dumb-document-itat-unexplained-investment-addition-taxscan.webp "Taxpayers Statement Validates Dumb Document Found During Search: ITAT Upholds Unexplained Investment Addition [Read Order]")
ITAT Enforces CBDT Threshold: Revenue's Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, dismissed an appeal filed by the Revenue Department citing the Central Board of Direct Taxes (CBDT) monetary limit for filing appeals. The...
![ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CBDT-CBDT-announces-CBDT-announces-e-Dispute-Resolution-Scheme-Taxscan.jpg "ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]")
Unexplained Investment in Property: ITAT Deletes Rs. 13.73 Lakh Addition After Verifying Source from Fixed Deposits [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)deleted the Rs. 13.73 lakh addition for unexplained investment in a property purchase after verifying the source from fixed deposits. Uday...
![Unexplained Investment in Property: ITAT Deletes Rs. 13.73 Lakh Addition After Verifying Source from Fixed Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-Investment-Unexplained-Investment-in-Property-ITAT-taxscan.jpg "Unexplained Investment in Property: ITAT Deletes Rs. 13.73 Lakh Addition After Verifying Source from Fixed Deposits [Read Order]")
Unexplained Investment Addition Over Co-Owner's Creditworthiness: ITAT Deletes It After Reassessment [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the unexplained investment addition of ₹33,92,975 after reassessment, holding that the co-owner's creditworthiness was accepted in her...
![Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Investment-Unexplained-Investment-Addition-Co-Owners-Creditworthiness-Creditworthiness-ITAT-ITAT-Deletes-It-After-Reassessment-taxscan.jpg "Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]")
Unexplained Investment in Property: ITAT Upholds Sources Proven by Assessee from Family Members [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upholds sources proven by the assessee for an unexplained investment in property, finding that the ₹40,00,000 used for the property purchase...
![Unexplained Investment in Property: ITAT Upholds Sources Proven by Assessee from Family Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Investment-in-Property-Unexplained-Investment-ITAT-ITAT-Upholds-Family-Members-Assessee-from-Family-Members-taxscan.jpg "Unexplained Investment in Property: ITAT Upholds Sources Proven by Assessee from Family Members [Read Order]")
ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the additions made by the Assessing Officer (AO) concerning client code modifications ( CCM ) in commodity trading. Modern...
![ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Service-Tax-Shapoorji-Pallonji-CESTAT-taxscan-1.jpg "ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction Verification [Read Order]")
AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax (PCIT)’s invocation of Section 263 of the Income Tax Act, 1961, after finding that the...
![AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Stamp-Duty-Valuation-Stamp-Duty-Valuation-Difference-and-Unexplained-Investment-Valuation-Difference-Unexplained-Investment-ITAT-Upholds-ITAT-taxscan.jpg "AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]")