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Wife’s Jewellery Found at Residence Cannot Be Added to Husband Income: Nagpur ITAT
Nagpur ITAT rules that wife's jewellery found at a common residence cannot be treated as the husband's unexplained asset under Section 69A.
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ITAT Jaipur Rules WhatsApp Chats Alone Cannot Justify Section 69A Tax Addition
ITAT Jaipur deletes a Rs 24.20 lakh addition under Section 69A, ruling that digital chat records without physical cash recovery are insufficient.
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ITAT Mumbai Deletes Rs 30 Lakh Unexplained Money Addition Under Section 69A
ITAT Mumbai deletes a Rs 30 lakh addition under Section 69A after accepting foreign salary savings as a valid source of funds.
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WhatsApp Chats Alone Insufficient for Income Tax Additions ITAT Mumbai
ITAT Mumbai rules that WhatsApp chats cannot solely justify tax additions under sections 69A and 69C without proper verification.
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Income Tax Tribunal Remands Rs 1.09-Crore Cash Addition and Sets Aside Penalty
Income Tax Appellate Tribunal in Agra remands a Rs 1.09-crore cash addition for fresh review and deletes the consequential penalty under section 271AAC.
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Hyderabad ITAT Deletes ₹12.69 Lakh Demonetisation Cash Addition
The Hyderabad ITAT deleted a 12.69 lakh tax addition, ruling that verified bank records prove the source of cash deposited during demonetisation.
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ITAT Deletes ₹8.66 Lakh Section 69A Addition and Rejects 60% Tax Rate for AY 2017-18
Discover how the Hyderabad ITAT deleted a 8.66 lakh tax addition and rejected the steep 60 percent tax rate under Section 115BBE.
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ITAT Rules Cash Deposits in Medical Business Are Not Fully Taxable Under Section 69A
Clarifying Tax Treatment for Business Cash DepositsIn a significant ruling for small-scale retailers, the Income Tax Appellate Tribunal (ITAT) has clarified that cash deposits made into a medical store's bank…