Judgement

ITAT upholds charitable status, allows depreciation and grants capital gains exemption to trust.

ITAT Allows Sections 11 & 12 Exemption to Educational Trust; Deletes Capital Gains Addition and Depreciation Disallowance

ITAT upheld a Rs 6.58 crore addition under Section 68 after finding that the assessee failed to establish the lenders’ creditworthiness and the genuineness of the loan transactions.

ITAT Upholds Rs 6.58 Crore Addition Under Section 68 for Failure to Prove Loan Creditworthiness

The ITAT quashed the Rs 5.44 lakh TDS demand against SBI on Leave Fare Concession payments for foreign travel, granting relief by following its earlier precedent.

ITAT Quashes Rs 5.44 Lakh TDS Demand on SBI Over Leave Fare Concession Payments for Foreign Travel

Articles

June 30 is the final date for issuing income tax scrutiny notices for FY 2025-26 returns. Taxpayers should review their filings and watch for any notices.

June 30 Deadline: Last Chance for Income Tax Scrutiny Notices on FY 2025-26 Returns

The Income Tax Appellate Tribunal (ITAT) Delhi has held that the AO was not justified in treating Rs 14,800 appearing in a seized document as Rs 14.80 lakh merely by multiplying the figure by 100.

ITAT Restricts Addition And Holds AO Cannot Multiply Seized Figure by 100 Without Supporting Evidence

A comprehensive guide to the taxability of LIPs and ULIPs, covering Section 10(10D) exemptions, Finance Act 2021 & 2023 amendments, capital gains taxation, TDS provisions, and ITR reporting requirements for AY 2026-27.

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ITAT Allows Sections 11 & 12 Exemption to Educational Trust; Deletes Capital Gains Addition and Depreciation Disallowance

ITAT Upholds Rs 6.58 Crore Addition Under Section 68 for Failure to Prove Loan Creditworthiness

ITAT Quashes Rs 5.44 Lakh TDS Demand on SBI Over Leave Fare Concession Payments for Foreign Travel

June 30 Deadline: Last Chance for Income Tax Scrutiny Notices on FY 2025-26 Returns

ITAT Restricts Addition And Holds AO Cannot Multiply Seized Figure by 100 Without Supporting Evidence

Got Money from a Life Insurance Policy or ULIP? Here's How It Is Taxed and Reported in Your ITR