Judgement

The ITAT Bangalore deleted an addition of Rs 9.99 lakh made under Section 69A of the Income Tax Act towards cash deposited in the assessee’s bank account. 


ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

News

An accountant was duped by a fraudulent WhatsApp message and transferred Rs 3.7 crore from his company’s bank accounts to two accounts before realizing the scam.

Accountant Falls for Fraudulent WhatsApp Message, Transfers Rs 3.7 Crore From Company Accounts to Two Bank Accounts

The ITAT Mumbai holds transfer of closing balance between assessee’s bank accounts cannot be treated as unexplained credit.


 ITAT Deletes Section 68 Addition After Assessee Proves Bank-to-Bank Transfer

Mumbai Police arrested three accused for allegedly supplying mule bank accounts and SIM cards to a cyber fraud network involved in transactions linked to around Rs 24 crore.

Rs 24 Crore Cyber Fraud: Mumbai Police Arrest 3 for Supplying Mule Bank Accounts, 2,898 SIMs

High Court grants interim protection in a challenge to retrospective extension of the GST limitation period, directing defreezing of his bank account after a Rs 25,594 deposit.

Calcutta High Court Grants Interim Relief in Challenge to Retrospective GST Limitation Extension, Orders Defreezing of Bank Account

A 71-year-old woman from Krishnagiri has alleged that her Aadhaar and PAN details were misused to create a fake GST registration, resulting in Rs 2.53 crore in tax dues and the freezing of her bank account.

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ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

Accountant Falls for Fraudulent WhatsApp Message, Transfers Rs 3.7 Crore From Company Accounts to Two Bank Accounts

ITAT Deletes Section 68 Addition After Assessee Proves Bank-to-Bank Transfer

Rs 24 Crore Cyber Fraud: Mumbai Police Arrest 3 for Supplying Mule Bank Accounts, 2,898 SIMs

Calcutta High Court Grants Interim Relief in Challenge to Retrospective GST Limitation Extension, Orders Defreezing of Bank Account

Rs 2.53 Crore GST Fraud: 71-Year-Old Woman Says Aadhaar, PAN Were Misused