Judgement

The ITAT dismisses revenue appeal on low tax effect in Section 69B read with Section 115BBE dispute.


ITAT Rules CBDT Monetary Limit of Rs.60 Lakh Applies Where Section 115BBE Is Inapplicable to Business Income

The ITAT Bangalore holds Finance Act 2025 restriction on Section 87A rebate as prospective. 


ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

The ITAT Ahmedabad holds mere Initial-Year balance sheet insufficient to establish compliance with Section 11(2)(b).

ITAT Denies Section 11(2) Exemption for Failure to Prove Continued Investment of Accumulated Funds

Delhi ITAT grants relief after an accountant mistakenly selected the old tax regime in the ITR despite the tax being calculated under the new regime.

Accountant’s Mistake in Selecting Old Tax Regime Cannot Trigger Extra Tax Burden, ITAT Directs Fresh Computation Under Section 115BAC

The ITAT Chennai directs AO to reconsider deduction after competent authority decides return filing delay.

ITAT Restores 80P Deduction Claim of Co-operative Society Pending Section 119(2)(b) Condonation Application

ITAT directs the AO to tax Rs 75 lakh surrendered during a 2016 survey at the normal rate, holding that the amended 60% rate under Section 115BBE applies from FY 2017-18.

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ITAT Rules CBDT Monetary Limit of Rs.60 Lakh Applies Where Section 115BBE Is Inapplicable to Business Income

ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

ITAT Denies Section 11(2) Exemption for Failure to Prove Continued Investment of Accumulated Funds

Accountant’s Mistake in Selecting Old Tax Regime Cannot Trigger Extra Tax Burden, ITAT Directs Fresh Computation Under Section 115BAC

ITAT Restores 80P Deduction Claim of Co-operative Society Pending Section 119(2)(b) Condonation Application

ITAT Allows Normal Tax Rate on Rs 75 Lakh Survey Surrender, Rejects 60% Section 115BBE Levy