Judgement

ITAT deleted the Rs 15.72 lakh addition, holding that the Revenue failed to produce sufficient incriminating material proving an undisclosed cash payment to the Bhutani Group.

Mere Assumptions Cannot Sustain Addition: Rs 15.72 Lakh Cash Addition Deleted After ITAT Finds No Incriminating Evidence

The ITAT Bangalore upholds disallowance of Rs 12.28 lakh March 2016 salary claimed in AY 2017-18 under mercantile accounting.

ITAT Upholds Addition for Unsubstantiated Hawkers’ Cash Advances

The ITAT Bangalore gives opportunity to co-operative society to explain cash deposits  claimed as member loan repayment.

ITAT Remands Cash Deposit Addition to AO for Fresh Examination Under Section 69A

The ITAT Mumbai held no addition for alleged On-Money payment without corroborative evidence.

ITAT Holds Third-Party Statement and Unauthenticated WhatsApp Chats Insufficient to Prove Cash Payment

The ITAT Chennai rules revenue must establish actual incurrence of expenditure and provide effective opportunity. 

ITAT Holds Third-Party Ledger Alone Cannot Prove Unaccounted Cash Purchases

ITAT condoned the 439-day delay and gave the taxpayer a fresh opportunity to explain the Rs 14.37 lakh demonetisation-period cash deposits.

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Mere Assumptions Cannot Sustain Addition: Rs 15.72 Lakh Cash Addition Deleted After ITAT Finds No Incriminating Evidence

ITAT Upholds Addition for Unsubstantiated Hawkers’ Cash Advances

ITAT Remands Cash Deposit Addition to AO for Fresh Examination Under Section 69A

ITAT Holds Third-Party Statement and Unauthenticated WhatsApp Chats Insufficient to Prove Cash Payment

ITAT Holds Third-Party Ledger Alone Cannot Prove Unaccounted Cash Purchases

ITAT Condones 439-Day Delay, Gives Fresh Chance Over Rs 14.37 Lakh Demonetisation Deposits