News

The Government clarifies that UPI will remain free for users, while limited MDR may be introduced for certain merchant transactions above a specified threshold.

Govt Clarifies UPI Charges: Person-to-Person Transactions to Remain Free, Limited MDR May Apply to Merchants

Judgement

ITAT remands the case for fresh review, giving the taxpayer another chance to explain the source of funds for his Rs 60.99 lakh property purchase.

Rs 39.72 Lakh Tax Addition: ITAT Gives NRI Taxpayer Fresh Chance to Explain Investment

The ITAT Ahmedabad holds investment recorded in books and supported by evidence cannot be added merely for explanation


ITAT Holds Documented Sources Cannot Be Treated as Unexplained Investment

The ITAT Ahmedabad restored appeal for fresh adjudication after CIT(A) dismissed it without examining merits


ITAT Remands Rs 92 Lakh Capital Gain Addition to CIT(A)

The ITAT Ahmedabad upheld the addition towards unrecorded job work transactions found at assessee’s premises 


ITAT Upholds 8% Profit Addition on Unrecorded Job Work Transactions Found in Loose Papers

ITAT deleted the Rs 14.83 lakh Section 69 addition on agricultural land investment after finding that the assessee had disclosed the investment and supported its source with documentary evidence.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Govt Clarifies UPI Charges: Person-to-Person Transactions to Remain Free, Limited MDR May Apply to Merchants

Rs 39.72 Lakh Tax Addition: ITAT Gives NRI Taxpayer Fresh Chance to Explain Investment

ITAT Holds Documented Sources Cannot Be Treated as Unexplained Investment

ITAT Remands Rs 92 Lakh Capital Gain Addition to CIT(A)

ITAT Upholds 8% Profit Addition on Unrecorded Job Work Transactions Found in Loose Papers

ITAT Deletes Unexplained Investment Addition, Holds Section 69 Addition Cannot Be Sustained Without Proof of Undisclosed Source