Judgement

The ITAT Chennai permits assessee to produce supporting documents under Rule 29 of ITAT Rules.

ITAT Allows Additional Evidence in Cash Deposit Case

The ITAT Chennai holds that penalty cannot be sustained merely on estimated additions and  directs deletion of penalties.

ITAT Deletes Penalty Under Section 271(1)(c) on Estimated Income

The ITAT Delhi directs AO to reconsider taxability of plot surrender compensation after granting the assessee a fair opportunity of hearing.

ITAT Remands Addition for Fresh Assessment After Setting Aside Ex-Parte Orders

News

A chief engineer allegedly lost Rs 2.17 crore after investing through a fake stock trading application that displayed fictitious portfolio gains and demanded an additional Rs 50 lakh to unlock his funds.

47-Year-Old Chief Software Engineer Duped of Rs 2.17 Crore Through Fake Stock Trading App

The ITAT Ahmedabad mere suspicion over demonetisation-era cash deposits cannot justify addition without supporting evidence.


ITAT Upholds Rs 35 Lakh Addition Under Section 41(1) 

Circulars

The MCA has extended the Form CRA-4 filing deadline for the Cost Audit Report for FY 2025-26 to December 31, 2026, with no additional fees applicable until the extended deadline.

MCA Grants Relief to Companies, Extends CRA-4 Filing Deadline to Dec 31; No Additional Fees Applicable 

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