Judgement

The ITAT Mumbai holds that a bona fide depreciation claim made on the basis of then-existing assessment orders cannot be treated as concealment or furnishing of inaccurate particulars merely because subsequent appellate orders altered the tax position.

ITAT Deletes Penalty on Excess Depreciation Claim, Holds Bona Fide Claim Cannot Attract Section 271(1)(c)

Notifications

CBDT has expanded the list of eligible infrastructure businesses under the Income Tax Act, 2025, by including additional infrastructure sub-sectors from the Updated Harmonized Master List

CBDT Notifies Additional Infrastructure Businesses as Eligible Under Income-tax Act, 2025

ITAT quashes reassessment for non-supply of reasons and deletes Section 68 addition entirely.

Failure to Provide Reopening Reasons Renders Reassessment Void: ITAT

ITAT deletes Section 69A addition after finding sufficient prior cash withdrawals from banks.

ITAT Grants Relief on Demonetisation Deposits, Sustains Circular Trading Findings

Mumbai ITAT granted partial relief to Nina Concrete Systems, ordering a fresh review of a Form 26AS mismatch and deleting a Rs 40.16 lakh Section 14A disallowance.

ITAT Grants Relief to Waterproofing Company in Form 26AS Mismatch Case

The ITAT Pune has set aside an order passed by the AO and CIT(A) involving RS 3.08 crore addition under Section 69A observing that both the assessment and appellate orders were passed ex-parte

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ITAT Deletes Penalty on Excess Depreciation Claim, Holds Bona Fide Claim Cannot Attract Section 271(1)(c)

CBDT Notifies Additional Infrastructure Businesses as Eligible Under Income-tax Act, 2025

Failure to Provide Reopening Reasons Renders Reassessment Void: ITAT

ITAT Grants Relief on Demonetisation Deposits, Sustains Circular Trading Findings

ITAT Grants Relief to Waterproofing Company in Form 26AS Mismatch Case

ITAT Remands Rs 3.08 Crore Unexplained Money Addition After Finding Assessment and Appeal Orders Passed Ex-Parte