Judgement

The ITAT deleted Section 69C addition after finding that the AO failed to provide evidence of alleged cash purchases and noting that the assessee’s presumptive income under Section 44AD had been accepted.

No Separate Section 69C Unexplained Expenditure Addition Allowed After Accepting Section 44AD Income Without Supporting Evidence: ITAT

The ITAT upheld a Rs 1.90 lakh addition under Section 69A after rejecting the genuineness of a political donation claimed as a deduction under Section 80GGC.

ITAT Denies Rs 1.90 Lakh Section 80GGC Deduction Over Donation to Apna Desh Party, Relies on Supreme Court Judgement

ITAT upheld a Rs 7.23 crore addition under Section 69A over unexplained bank credits, citing unreconciled financial discrepancies and lack of documentary evidence.

ITAT Upholds Rs 7.23 Crore Addition Over Unexplained Bank Credits and Unreconciled Financial Discrepancies

The ITAT set aside Section 69A addition and remanded the case to the AO after finding that the assessment order was passed before the scheduled hearing date.

ITAT Sets Aside Section 69A Unexplained Money Addition After AO Passes Assessment Order Before Hearing Date

Articles

The 57th GST Council proposes major changes to arrest provisions, prosecution thresholds and penalties to simplify GST compliance and promote a taxpayer-friendly system.

57th GST Council Meeting: Proposed Removal of Arrest Provision Under Section 69 and Changes to Prosecution Rules

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

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