Judgement

The ITAT Mumbai held that Whatsapp chats without proper authentication or supporting evidence cannot be used to establish unaccounted income.

ITAT: WhatsApp Chats Alone Insufficient to Prove Unaccounted Cash, Rs. 3.16 Crore Addition Deleted

The Tribunal carefully analysed the submissions and observed that the assessee had submitted all the required documents to prove that the property was bought by her husband.

No Income Tax Addition for Unexplained Investment on Wife When Husband Funded Property Purchase: ITAT

ITAT Mumbai upheld the investor’s Rs. 8.79 crore capital gain as genuine, rejecting the Revenue’s penny stock allegation for lack of evidence.

ITAT Mumbai Upholds Rs. 8.79 Crore Share Gain as Genuine, Rejects Bogus Penny Stock Allegation

News

The Income Tax Department is using AI to detect mismatches between declared income and actual bank activity.

Income Tax Department Flags Bank Accounts with Large Savings but low spendings

ITAT Delhi allowed Canon India to claim full foreign tax credit for taxes paid in Japan, even though no Indian tax was payable due to Section 10A exemption.

ITAT Delhi Upholds Foreign Tax Credit Claim Despite Nil Indian Tax Liability Under Section 10A

Articles

A comparative overview of India’s direct tax collections, refunds, and net growth up to November 10, 2025.

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ITAT: WhatsApp Chats Alone Insufficient to Prove Unaccounted Cash, Rs. 3.16 Crore Addition Deleted

No Income Tax Addition for Unexplained Investment on Wife When Husband Funded Property Purchase: ITAT

ITAT Mumbai Upholds Rs. 8.79 Crore Share Gain as Genuine, Rejects Bogus Penny Stock Allegation

Income Tax Department Flags Bank Accounts with Large Savings but low spendings

ITAT Delhi Upholds Foreign Tax Credit Claim Despite Nil Indian Tax Liability Under Section 10A

Direct Tax Collections Show 7% Growth in FY 2025-26 as of November 10, 2025