Judgement

ITAT held that two bungalows constructed and used as one residential unit could qualify for deduction under Section 54F of the Income Tax Act.

ITAT Allows Section 54F Deduction for Two Bungalows Clubbed as Single Residential Unit

ITAT upheld the PCIT’s Section 263 revision order for the AO’s failure to properly verify suspected bogus purchases and red-flagged suppliers.

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

News

CBI has arrested two accused in a Rs 11.42 crore digital arrest case in Gujarat and searched 22 premises across 10 states under Operation Chakra VI.

CBI Arrests Two in Rs 11.42 Crore Cyber Fraud Network, Raids 22 Premises in 10 States under Operation Chakra VI

Vigilance raids on a GST Joint Commissioner’s premises in Kochi lead to the seizure of Rs 14.10 lakh in unaccounted cash and $788 amid a disproportionate assets probe.

Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash

The ITAT Kolkata deleted an addition of Rs 96.77 lakh made under Section 69A towards alleged unexplained money. 


ITAT Holds Stamp Vendor’s Cash Deposits Were Fully Recorded

The ITAT Kolkata deleted a Rs 20 lakh addition made under Section 68 towards share application money received from M/s Evergreen Barter Pvt. Ltd.

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ITAT Allows Section 54F Deduction for Two Bungalows Clubbed as Single Residential Unit

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

CBI Arrests Two in Rs 11.42 Crore Cyber Fraud Network, Raids 22 Premises in 10 States under Operation Chakra VI

Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash

ITAT Holds Stamp Vendor’s Cash Deposits Were Fully Recorded

ITAT Holds Share Capital Addition Unsustainable Where Assessee Furnished ITR