Judgement

The Income Tax Appellate Tribunal (ITAT), Bangalore held that returns filed subsequently in response to notice under Section 148 do not satisfy the statutory requirement introduced by Section 80AC with effect from Assessment Year 2018-19.

ITAT Holds That Primary Agricultural Credit Co-operative Society Not Entitled to Section 80P Deduction for Return Filed in Response to Section 148 Notice

The ITAT deleted a Rs 31.76 lakh Section 69A addition after finding sufficient evidence supporting the assessee’s agricultural income claim.

ITAT Deletes Rs 31.76 Lakh Section 69A Addition, Accepts Farmer’s Agricultural Income Claim

ITAT Mumbai deleted Rs 3.55 crore additions, holding that purchases backed by evidence cannot be treated as bogus merely on a supplier's unverified statement.

ITAT Deletes Rs. 3.51 Crore Bogus Purchase Addition After Finding GST Returns, Bank Payments, E-Way Bills and Transport Documents Proved Genuine Movement of Goods

The Income Tax Appellate Tribunal (ITAT) Bangalore has restored the matter relating to addition under Section 50C and denial of deduction under Section 54F to the Assessing Officer for fresh adjudication. The Tribunal also directed reconsideration of the exemption claimed under Section 54F in light of the Karnataka High Court ruling in CIT v. K. Ramachandra Rao.

Woman Sold Property for Rs. 1.56 Crore, Faced Capital Gains Recalculation Using Rs. 1.87 Crore Stamp Duty Value; ITAT Orders Fresh Examination of Section 50C and Section 54F Claims

News

The Income Tax Department has released ITR-U Excel Utilities for AY 2022-23, enabling taxpayers to file updated returns under the Finance Act, 2026.

Breaking: Income Tax Dept Releases ITR-U Excel Utilities for AY 2022-23

ITAT allowed Mindteck’s Section 80JJAA deduction of Rs. 11.90 lakh, holding that both the income tax return and Form 10DA were filed within the extended due date.

Explore Our Blogs

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

ITAT Holds That Primary Agricultural Credit Co-operative Society Not Entitled to Section 80P Deduction for Return Filed in Response to Section 148 Notice

ITAT Deletes Rs 31.76 Lakh Section 69A Addition, Accepts Farmer’s Agricultural Income Claim

ITAT Deletes Rs. 3.51 Crore Bogus Purchase Addition After Finding GST Returns, Bank Payments, E-Way Bills and Transport Documents Proved Genuine Movement of Goods

Woman Sold Property for Rs. 1.56 Crore, Faced Capital Gains Recalculation Using Rs. 1.87 Crore Stamp Duty Value; ITAT Orders Fresh Examination of Section 50C and Section 54F Claims

Breaking: Income Tax Dept Releases ITR-U Excel Utilities for AY 2022-23

ITAT Allows Section 80JJAA Deduction, Holds Return and Form 10DA Filed Within Due Date