Judgement

The ITAT deleted a Section 69A read with Section 115BBE addition after finding that the assessee’s explanation for cash deposits from his business activities was supported by his income tax computation.

ITAT Deletes Section 69A Addition as Income Computation Supports Source of Cash Deposits

ITAT deleted a Rs 2.47 crore income tax addition after accepting a pharmaceutical retailer’s evidence linking the demonetisation-period cash deposits to business sales and documented savings.

ITAT Deletes Rs 2.47 Crore Unexplained Cash Deposits Addition, Accepts Pharma Retailer’s Cash Explanation

ITAT sets aside the ex parte CIT(A) order and grants Vanitha a fresh opportunity to explain the source of Rs 52.59 lakh cash deposits and contest the additions on merits.

ITAT Sets Aside Ex Parte CIT(A) Order, Gives Assessee One More Opportunity to Prove Source of Rs 52.59 Lakh Cash Deposits

The ITAT Delhi deletes Rs 1.50 crore section 68 addition on demonetisation cash deposits of liquor retailer.

ITAT Rules Controlled Liquor Trade And Audited Sales Records Support Cash Deposits 

ITAT Pune deleted a Rs 11.78 lakh Section 69A addition after accepting retirement benefits, agricultural income and small loans as sufficient sources for the cash deposits.

ITAT Grants Major Relief to Retired Maharashtra Government Employee, Deletes Rs 11.78 Lakh Unexplained Cash Addition Under Section 69A

The ITAT Kolkata deleted an addition of Rs 96.77 lakh made under Section 69A towards alleged unexplained money. 


ITAT Holds Stamp Vendor’s Cash Deposits Were Fully Recorded

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