Judgement

Tribunal finds PCIT erred in invoking revision when AO had already examined loan and property claims

Income Tax: ITAT Quashes All Section 263 Orders Citing 'Change of Opinion'

ITAT has held that an unregistered sale agreement is not valid for claiming capital gains exemption under Section 54

Tribunal accepts gifts received post-marriage clearing date as exempt under Section 56(2)(vii)

The CBDT Chairman Ravi Agarwal gets one-year extension

ITAT deletes 77.64 lakh 14A disallowance for lack of AO satisfaction; remands TP interest adjustment to TPO for working capital analysis.

Just opting for the presumptive scheme is not enough to get relief; your declared income must match spending and banking activity.