Judgement

ITAT deleted the Rs 5.05 lakh demonetisation cash deposit addition, holding it was explained as business receipts under Section 44AD.

ITAT Deletes Rs 5.05 Lakh Demonetisation Cash Deposit Addition for Small Trader Under Section 44AD

The ITAT dismissed the taxpayer's appeal due to a 691-day filing delay and upheld the income addition made by the Assessing Officer for AY 2017-18.

ITAT Dismisses 691-Day Delayed Appeal, Upholds AO's 8% Profit Estimation Under Section 44AD

ITAT Deletes Section 69A Addition as Cash Deposits Already Declared as Business Turnover under Section 44AD

 ITAT Upholds Taxation of Academic Consultancy Income under Section 44ADA 

The ITAT remanded a scrutiny assessment case to the AO for fresh verification of alleged discrepancies between GST turnover and professional receipts declared under Section 44ADA.

Consultancy Professional Faced Income Tax Addition Over GST Turnover Mismatch; ITAT Orders Fresh Review, Noting Rental Income might be Mistaken as Professional Receipts

The ITAT rejects the 50% income estimation and holds Section 44AD applicable to business correspondent income.

Explore Our Blogs

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

ITAT Deletes Rs 5.05 Lakh Demonetisation Cash Deposit Addition for Small Trader Under Section 44AD

ITAT Dismisses 691-Day Delayed Appeal, Upholds AO's 8% Profit Estimation Under Section 44AD

ITAT Deletes Section 69A Addition as Cash Deposits Already Declared as Business Turnover under Section 44AD

ITAT Upholds Taxation of Academic Consultancy Income under Section 44ADA

Consultancy Professional Faced Income Tax Addition Over GST Turnover Mismatch; ITAT Orders Fresh Review, Noting Rental Income might be Mistaken as Professional Receipts

Presumptive Taxation: ITAT Applies Section 44AD, Rejects Higher Rate