Judgement

The ITAT held that mere difference between physical and book stock cannot justify search penalty. 


ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

ITAT deletes Rs 26.69 lakh addition, holding that an incorrect ITR form and Form 26AS mismatch cannot justify taxing income already disclosed by the taxpayer.

ITAT Holds Merely Filing ITR-4 Instead of ITR-3 Cannot Turn Disclosed Income into Undisclosed Income

The ITAT Ahmedabad rules Demonetisation cash deposits cannot be treated as undisclosed income when sales and business profits are offered to tax


ITAT Deletes Rs.16 Lakh Addition on Demonetisation-Era Cash Deposits

The ITAT Chennai held that additions under the Income Tax Act cannot be sustained solely on the basis of entries found in electronic records or books maintained by a third party.

ITAT Holds Entries in Third-Party Electronic Records Cannot by Themselves Establish Undisclosed Income 

Tribunal holds unverified digital notings alone cannot establish undisclosed income from aborted property transactions.

Income Tax Addition Based Solely on WhatsApp Chats and Mobile Records Deleted; ITAT Says Uncorroborated Electronic Evidence Cannot Justify Tax Demand

Tribunal holds rough electronic notings alone cannot support undisclosed income addition without corroboration.

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ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

ITAT Holds Merely Filing ITR-4 Instead of ITR-3 Cannot Turn Disclosed Income into Undisclosed Income

ITAT Deletes Rs.16 Lakh Addition on Demonetisation-Era Cash Deposits

ITAT Holds Entries in Third-Party Electronic Records Cannot by Themselves Establish Undisclosed Income

Income Tax Addition Based Solely on WhatsApp Chats and Mobile Records Deleted; ITAT Says Uncorroborated Electronic Evidence Cannot Justify Tax Demand

ITAT Rejects Tax Addition Based on Unverified Search Data