Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeDirect TaxS. 68 Addition Not Justified When Alleged Bogus Loan Is Repaid: ITAT

S. 68 Addition Not Justified When Alleged Bogus Loan Is Repaid: ITAT

Direct Tax

Published on

By Mariya Paliwala
S. 68 Addition Not Justified When Alleged Bogus Loan Is Repaid: ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the addition under Section 68 of the Income Tax Act is not justified when an alleged bogus loan is repaid. The bench of T.R. Senthil Kumar (Judicial Member) and Annapurna Gupta (Accountant Member) has observed that has quashed a Rs. 50 lakh addition…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Direct Tax

Tax Prosecution Can Proceed Without Assessment for False Statements and Failure to File Wealth Tax Returns: Karnataka HC

The Karnataka High Court has held that the absence of a completed tax assessment...
Indirect Taxes

Customs Confiscation of Car and Cash | Appeal Lies Before CESTAT, Not Central Govt. Revision Authority: Madras HC

The Madras High Court has held that a challenge to the confiscation of a...
Indirect Taxes

Car Sale Can Be Complete Without Registration Transfer; Rolls-Royce Seized in Tax Proceedings Ordered to Be Auctioned: Madras HC

The Madras High Court has held, on a prima facie assessment, that handing over...
Company & PMLA

Jewellery Sale Proceeds Not Exempt From Bankruptcy Estate; ₹19.17 Lakh Must Be Returned: NCLAT

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that...

More like this

Direct Tax

Tax Prosecution Can Proceed Without Assessment for False Statements and Failure to File Wealth Tax Returns: Karnataka HC

The Karnataka High Court has held that the absence of a completed tax assessment...
Indirect Taxes

Customs Confiscation of Car and Cash | Appeal Lies Before CESTAT, Not Central Govt. Revision Authority: Madras HC

The Madras High Court has held that a challenge to the confiscation of a...
Indirect Taxes

Car Sale Can Be Complete Without Registration Transfer; Rolls-Royce Seized in Tax Proceedings Ordered to Be Auctioned: Madras HC

The Madras High Court has held, on a prima facie assessment, that handing over...