Articles

Learn the complete tax treatment of deemed dividend under Section 2(22) of the Income Tax Act, 1961, including loans, buybacks, asset distributions, liquidation, and practical examples.

Received Dividend, Loan, or Buyback Proceeds? Decode Deemed Dividend Under Section 2(22) with Practical Examples

Judgement

ITAT set aside a Rs 10,000 penalty under Section 272A(1)(d) and remanded the matter to the AO for fresh adjudication.

ITAT Sets Aside Rs 10,000 Penalty Under Section 272A(1)(d), Orders Fresh Examination

ITAT held that member-wise cash deposits cannot be treated as unexplained under Section 68 without proper verification and upheld the co-operative society's Section 80P deduction.

ITAT: Cash Deposits From Members Not Unexplained Without Proper Verification 

ITAT quashes reassessment beyond four years and deletes Section 68 addition lacking fresh material and evidence.

ITAT: Reassessment Beyond Four Years Quashed as AO Reopened Case on Mere Change of Opinion Without Fresh Material

The ITAT deletes Section 68 addition and allows Section 80P deduction after members' deposit details were verified.

ITAT Upholds Section 80P Deduction for Co-operative Credit Society, Deletes Section 68 Addition on Cash Deposits

ITAT grants major relief on MAT, Section 14A, SLR interest and head office transactions.

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Received Dividend, Loan, or Buyback Proceeds? Decode Deemed Dividend Under Section 2(22) with Practical Examples

ITAT Sets Aside Rs 10,000 Penalty Under Section 272A(1)(d), Orders Fresh Examination

ITAT: Cash Deposits From Members Not Unexplained Without Proper Verification

ITAT: Reassessment Beyond Four Years Quashed as AO Reopened Case on Mere Change of Opinion Without Fresh Material

ITAT Upholds Section 80P Deduction for Co-operative Credit Society, Deletes Section 68 Addition on Cash Deposits

ITAT Allows Broken Period Interest, Rules MAT Inapplicable to Foreign Banks