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unexplained investment

ITAT Enforces CBDT Threshold: Revenue's Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal (ITAT), Pune Bench, dismissed an appeal filed by the Revenue Department citing the Central Board of Direct Taxes...

Unexplained Investment in Property: ITAT Deletes Rs. 13.73 Lakh Addition After Verifying Source from...

Unexplained Investment Addition Over Co-Owner's Creditworthiness: ITAT Deletes It After Reassessment...

Unexplained Investment in Property: ITAT Upholds Sources Proven by Assessee from Family Members...

ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction...

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...

Unexplained Investment in Shares not part of Reopening Reasons recorded by AO: ITAT deletes Additions towards Accommodation Entry [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad, recently delivered a judgment favoring Amey Pravinbhai Brahmbhatt in a case concerning unexplained investments not forming part of the reasons...

Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) remanded the case back to the Assessing Officer (AO) for a fresh review after addressing the ex-parte dismissal and the addition of Rs. 1.55...

Addition of ₹51.76 Lakh as Unexplained Investment: ITAT Remands Case to CIT(A) [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of ₹51.76 Lakh unexplained investment to the Commissioner of Income Tax(Appeals)[CIT(A)] for fresh adjudication. ...

Rs.29.32 Lakh Unexplained Investment: ITAT Remands Matter Back to CIT(A) Due to Inadequate Reasoning [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter back to the Commissioner of Income Tax(Appeals) [ CIT(A) ] due to inadequate reasoning and failure to frame points of...

ITAT remands Case for Verification of Unexplained Investment and Loss Set-Off due to Insufficient Evidence [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case back to the Assessing Officer (AO) for verification of the unexplained investment and loss set-off due to insufficient...

Revenue Counsel admits Genuinity of Unexplained Investment Later: Madras HC refuses Remand Request as Transaction Proven Genuine

The Madras High Court, in its recent ruling, refused to remand the matter as the transaction of the unexplained investment proved genuine. The income tax department’s counsel admitted the genuinity...