Judgement

ITAT Delhi remanded the GP addition and business promotion expense disallowance issues to the tax authorities for fresh examination, partly allowing the revenue’s appeal.

ITAT Remands Higher GP Addition and Expense Disallowance Issues for Fresh Examination

ITAT restored the Rs 1.97 crore addition, ruling that the CIT(A) wrongly deleted it despite the assessee’s failure to satisfactorily explain the source of cash credits.

ITAT restores Income Tax addition on cash introduced in capital which was bogus

Tribunal Holds No Addition Sustainable Without Independent Inquiry; Capital Purchases Cannot Be Treated as Bogus Merely on Investigation Wing Inputs

ITAT Deletes Bogus Purchase Additions Where Assets Existed & Sales Not Disputed 

The ITAT deleted the Rs 11.18 lakh addition, holding that the demonetisation cash deposits were satisfactorily explained with supporting evidence and no undisclosed income was found.

ITAT quashes Demonetisation addition: Funds Sent by NRI to Parents Not Unexplained Income

Articles

Income Tax Return forms for AY 2026–27 include a mandatory secondary address, simplified representative details, and easier capital gains reporting, making the filing process simpler and more efficient.

ITR 2026 Update: From Secondary Address to Capital Gains; What Changed

The Tribunal found that the reasons for delay in filing Form 10B and delay in filing appeal were genuine and similar delays were already condoned by the Revenue authority.

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ITAT Remands Higher GP Addition and Expense Disallowance Issues for Fresh Examination

ITAT restores Income Tax addition on cash introduced in capital which was bogus

ITAT Deletes Bogus Purchase Additions Where Assets Existed & Sales Not Disputed

ITAT quashes Demonetisation addition: Funds Sent by NRI to Parents Not Unexplained Income

ITR 2026 Update: From Secondary Address to Capital Gains; What Changed

ITAT Accepts Delay Due to Death of Person Handling Accounts, Restores Matter for Reconsideration