Posted inBlog
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.
Posted inBlog
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.
Posted inBlog
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.
Posted inBlog
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.
Posted inBlog
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.
Posted inBlog
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.
Posted inBlog
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…