Judgement

The ITAT Mumbai holds transfer of closing balance between assessee’s bank accounts cannot be treated as unexplained credit.


 ITAT Deletes Section 68 Addition After Assessee Proves Bank-to-Bank Transfer

The ITAT Mumbai has restored the issue of Rs 6.76 lakh TDS credit to the AO for factual verification.

ITAT Remits Rs 6.76 Lakh TDS Credit Dispute to AO for Factual Verification

The ITAT Mumbai held that business expenditure incurred through the credit card of the assessee’s spouse cannot be treated as payment for services requiring TDS.

ITAT Holds Business Expenses Can Be Incurred Through Spouse’s Credit Card and Cannot Be Disallowed

ITAT dismisses Revenue’s appeal, upholds Section 80IA(4) deduction along with relief on Rs. 53.34 crore bad and doubtful debt disallowance.

ITAT Deletes Rs 53.34 Crore Bad Debt Disallowance and Upholds Section 80IA(4) Deduction

The ITAT Jaipur allows Section 270A(6) relief to assessee who missed return filing after relocating to USA.


ITAT Holds Bona Fide Explanation for Belated Return Excluded from Underreported Income

ITAT held that the Rs 18.34 lakh stipend received by a PG medical student from AMU was linked to education and eligible for exemption under Section 10(16) of the IT Act.

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ITAT Deletes Section 68 Addition After Assessee Proves Bank-to-Bank Transfer

ITAT Remits Rs 6.76 Lakh TDS Credit Dispute to AO for Factual Verification

ITAT Holds Business Expenses Can Be Incurred Through Spouse’s Credit Card and Cannot Be Disallowed

ITAT Deletes Rs 53.34 Crore Bad Debt Disallowance and Upholds Section 80IA(4) Deduction

ITAT Holds Bona Fide Explanation for Belated Return Excluded from Underreported Income

Medical Stipend Not Salary: ITAT Rules Rs 18.34 Lakh PG Medical Stipend Exempt From Income Tax under Section 10(16)