Judgement

Tribunal holds activities benefiting identifiable industry groups can qualify as charitable purposes.

ITAT Restores Section 12AB Registration Claim for Industry Knowledge Institution

ITAT held that a Dayabhaga HUF is a valid taxable entity and deleted the Rs 27.40 lakh addition made in the individual's assessment.

ITAT Upholds Tax Recognition of Dayabhaga HUF, Deletes Rs 27.40 Lakh Addition

Tribunal holds bona fide family loan repayment constitutes reasonable cause, deleting penalty under Section 271E.

ITAT Deletes Section 271E Penalty on Genuine Cash Repayment Between Spouses

The ITAT remanded the Section 69A assessment on Rs 2.27 crore cash deposits, granting the assessee a final opportunity while imposing Rs 5,000 costs for repeated non-appearance.

ITAT Grants Taxpayer a Final Opportunity to Explain Rs 2.27 Crore Cash Deposits Under Section 69A

The Tribunal upheld the addition of Rs 8.5 lakh as long-term capital gains after rejecting a Section 54 claim raised during reassessment proceedings.

ITAT Denies Section 54 Exemption Claim Made During Reassessment, Upholds LTCG Addition

News

Delhi Police arrested three accused in a fake Income Tax job scam that duped job seekers with false recruitment promises.

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ITAT Restores Section 12AB Registration Claim for Industry Knowledge Institution

ITAT Upholds Tax Recognition of Dayabhaga HUF, Deletes Rs 27.40 Lakh Addition

ITAT Deletes Section 271E Penalty on Genuine Cash Repayment Between Spouses

ITAT Grants Taxpayer a Final Opportunity to Explain Rs 2.27 Crore Cash Deposits Under Section 69A

ITAT Denies Section 54 Exemption Claim Made During Reassessment, Upholds LTCG Addition

Delhi Police Bust Fake Income Tax Recruitment Scam, Three Arrested