Judgement

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

The ITAT remands the Rs 3.35 crore unexplained cash deposits and withdrawals case for fresh consideration after observing that both the CIT(A) and AO had passed ex parte orders. 

ITAT Grants One More Opportunity in Rs 3.35 Crore Unexplained Money Case After CIT(A) and AO Both Decide Ex Parte

ITAT remanded Rs 13.50 lakh demonetisation-period cash deposit dispute to the CIT(A) for fresh adjudication after finding that the earlier order was passed ex parte.

ITAT Remands Case of Section 69A Unexplained Cash Deposits During Demonetisation Period After CIT(A) Passes Ex Parte Order

ITAT holds that the enhanced 60% tax rate under Section 115BBE cannot apply to unexplained income relating to FY 2016-17 and directs recalculation at 30%.

75-Year-Old Agriculturist Gets Relief as ITAT Rejects Retrospective 60% Tax Rate on Rs 11.86 Lakh Unexplained Cash Deposits

ITAT deleted a Rs 34.79 lakh addition on alleged unexplained cash deposits after finding that the same deposits had already been taxed in the hands of the assessee’s father.

ITAT Deletes Rs 34.79 Lakh Unexplained Cash Deposit Addition After Same Deposits Taxed in Father’s Hands

ITAT condoned a 393-day delay by a lorry owner-cum-driver, set aside the CIT(A) order, and remanded the Rs 1.18 crore Section 69A cash deposit dispute for fresh consideration.

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

ITAT Grants One More Opportunity in Rs 3.35 Crore Unexplained Money Case After CIT(A) and AO Both Decide Ex Parte

ITAT Remands Case of Section 69A Unexplained Cash Deposits During Demonetisation Period After CIT(A) Passes Ex Parte Order

75-Year-Old Agriculturist Gets Relief as ITAT Rejects Retrospective 60% Tax Rate on Rs 11.86 Lakh Unexplained Cash Deposits

ITAT Deletes Rs 34.79 Lakh Unexplained Cash Deposit Addition After Same Deposits Taxed in Father’s Hands

ITAT Condones 393-Day Delay, Gives Lorry Owner Fresh Chance to Explain in Rs 1.18 Crore Unexplained Cash Deposit Case