News

The ICAI has clarified that the post recently circulating on social media regarding the alleged breach of ICAI’s members' and students' records and examination data is fake. 

ICAI Denies Viral Data Breach Rumours, Assures Students and Members of Complete Data Safety

Judgement

The ITAT remands the Rs 2.32 crore demonetisation cash deposit dispute to the AO, noting the additional evidence directly relates to the issue involved in the appeal. 

ITAT Remands Rs 2.32 crore Demonetisation Cash Deposit Addition to AO, Admits Fresh Evidence with Rs 25,000 Cost

The ITAT condones a 648-day delay and remands the appeal for a fresh hearing after finding sufficient cause for non-compliance.

ITAT Condones 648-Day Delay After Assessee Lost Family During COVID, Restores Appeal

Hyderabad ITAT quashes Section 271D penalty, holding limitation starts from the Assessing Officer’s reference for penalty proceedings.

ITAT Quashes Rs 2 Crore Penalty as Time-Barred; Limitation Starts from AO’s Reference, Not Show-Cause Notice

The ITAT remanded the Section 69 unexplained cash credit addition to the AO after the assessee produced a bank statement that was not examined during the original assessment.

ITAT Remands Section 69 Unexplained Cash Credit Addition After Bank Statement Was Not Examined

ITAT restores appeal to CIT(A) after finding documentary evidence filed by assessee was not considered.

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ICAI Denies Viral Data Breach Rumours, Assures Students and Members of Complete Data Safety

ITAT Remands Rs 2.32 crore Demonetisation Cash Deposit Addition to AO, Admits Fresh Evidence with Rs 25,000 Cost

ITAT Condones 648-Day Delay After Assessee Lost Family During COVID, Restores Appeal

ITAT Quashes Rs 2 Crore Penalty as Time-Barred; Limitation Starts from AO’s Reference, Not Show-Cause Notice

ITAT Remands Section 69 Unexplained Cash Credit Addition After Bank Statement Was Not Examined

ITAT Remands Appeal After Finding NFAC Ignored 89 Pages of Evidence on Cash Deposits and Flat Improvement Cost