HomeDirect TaxMere Allegation of Cash Loan from Asharam Ashram Can’t Be Treated as...

Mere Allegation of Cash Loan from Asharam Ashram Can’t Be Treated as Undisclosed Income Without Evidence: ITAT

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeal and upheld the deletion of an addition of Rs. 8.75 crore, holding that an alleged loan receipt cannot be treated as undisclosed income without clear evidence and a valid legal basis under the Income Tax Act.  The bench of Vimal…

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

Software Payments Not Taxable As Royalty: Delhi HC

The Delhi High Court has dismissed appeals filed by the Income Tax Department against...

Students Shifted From Failed Private Medical College Cannot Claim Government-Rate MBBS Fees Indefinitely: Supreme Court 

The Supreme Court has delivered a significant judgment resolving the long-pending dispute arising out...

CESTAT Upholds Penalty On Philips Electronics In Excise Undervaluation Case

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

Cashbacks Received On Commercial Credit Card Usage Not Taxable As Service: CESTAT

The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

More like this

Software Payments Not Taxable As Royalty: Delhi HC

The Delhi High Court has dismissed appeals filed by the Income Tax Department against...

Students Shifted From Failed Private Medical College Cannot Claim Government-Rate MBBS Fees Indefinitely: Supreme Court 

The Supreme Court has delivered a significant judgment resolving the long-pending dispute arising out...

CESTAT Upholds Penalty On Philips Electronics In Excise Undervaluation Case

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...