Judgement

EPACK Durable received significant tax relief after the Income Tax Department reduced its tax demand from Rs 29.03 crore to Rs 5.89 crore through a rectification order.

EPACK Durable Gets Major Tax Relief as Income Tax Demand Drops from Rs 29.03 Crore to Rs 5.89 Crore

Tribunal remands matter after finding assessee denied access to relied-upon evidence and statements.

Gurgaon Resident Hit with Rs. 18 Lakh Unexplained Income Addition Based on Alleged Cash Rent from Liquor Group; ITAT Orders Fresh Assessment

Gurgaon Resident Hit with ₹18 Lakh Unexplained Income Addition Based on Alleged Cash Rent from Liquor Group; ITAT Orders Fresh Assessment

News

This financial year, taxpayers need to be more cautious while filing their ITRs, as the Tax Department is sending bulk automated intimations and emails to taxpayers making these mistakes.

Income Tax Dept May Send You Notices for These Common Mistakes

The Income Tax Appellate Tribunal (ITAT) Mumbai  has upheld the deletion of an addition of Rs 1.07 crore made on account of alleged bogus purchases.

Builder's Purchases Held Genuine Despite Sales Tax Alert; ITAT Deletes Rs. 1.07 Crore Income Tax Addition

The ITAT held that a cooperative society cannot claim a deduction under Section 80P if its income tax return is not filed within the due date prescribed under Section 139(1), even when filed later in response to a Section 148 notice.

ITAT: Late ITR Filing Bars Rs 83.89 Lakh Section 80P Deduction Despite Return Filed Under Section 148

The Income Tax Appellate Tribunal (ITAT) Chennai has deleted additions exceeding Rs 29.87 crore made against a Chartered Accountant after holding that the sums deposited in his bank did not constitute his own income

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EPACK Durable Gets Major Tax Relief as Income Tax Demand Drops from Rs 29.03 Crore to Rs 5.89 Crore

Gurgaon Resident Hit with ₹18 Lakh Unexplained Income Addition Based on Alleged Cash Rent from Liquor Group; ITAT Orders Fresh Assessment

Income Tax Dept May Send You Notices for These Common Mistakes

Builder's Purchases Held Genuine Despite Sales Tax Alert; ITAT Deletes Rs. 1.07 Crore Income Tax Addition

ITAT: Late ITR Filing Bars Rs 83.89 Lakh Section 80P Deduction Despite Return Filed Under Section 148

ITAT Chennai Deletes Rs 29.87 Crore Addition on CA who Acted Merely as Medium for Payment of Clients’ Taxes