Judgement

The ITAT Ahmedabad rules that proportional allocation of cash payments based on third-party seized documents cannot sustain addition 



ITAT Holds Third-Party Loose Papers Are Insufficient Without Corroboration

ITAT rules in favour of taxpayer, deleting Rs 1.24 crore additions after accepting Form 26A compliance and the business necessity of cash payments.

ITAT Deletes Rs 1.24 Crore Additions Over Form 26A and Cash Payments

The Income Tax Appellate Tribunal (ITAT), Pune, has deleted an addition of Rs 10 lakh made on account of cash payment towards the purchase of a residential flat.

ITAT Deletes Rs 10 Lakh Addition as Revenue Fails to Prove Alleged Cash Payment for Flat Purchase 

The ITAT Mumbai deleted a Rs 3.68 crore addition against Esque Finmark Private Limited, ruling that alleged cash receipts cannot be taxed without concrete evidence.

Allotment Letters Alone Cannot Prove Cash Payments: ITAT Deletes Rs 3.68 Crore Tax Addition 

The ITAT has held that an addition towards alleged on-money payment for purchase of a flat cannot be sustained where the Revenue fails to establish actual cash payment through independent evidence.

ITAT Deletes Rs 24.70 Lakh Addition for Alleged On-Money Payment as AO Failed to Prove Cash Transaction

Income Tax Appellate Tribunal (ITAT), Mumbai, has held that an addition towards alleged on-money payment for purchase of a flat cannot be sustained where the Revenue fails to establish actual cash payment through independent evidence.

News

ITAT deleted Rs 9.25 lakh of a tax addition after accepting part of a Mumbai taxpayer's family gift claim for cash credit card payments.

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ITAT Holds Third-Party Loose Papers Are Insufficient Without Corroboration

ITAT Deletes Rs 1.24 Crore Additions Over Form 26A and Cash Payments

ITAT Deletes Rs 10 Lakh Addition as Revenue Fails to Prove Alleged Cash Payment for Flat Purchase

Allotment Letters Alone Cannot Prove Cash Payments: ITAT Deletes Rs 3.68 Crore Tax Addition

ITAT Deletes Rs 24.70 Lakh Addition for Alleged On-Money Payment as AO Failed to Prove Cash Transaction

Mumbai Taxpayer Gets ITAT Relief in Rs 13.95 Lakh Credit Card Cash Payment Case