Judgement

The ITAT held that the enhanced 60% tax rate under Section 115BBE cannot be applied to AY 2017-18 and directed the AO to levy tax at the pre-amended rate of 30%.

ITAT Rules Enhanced 60% Tax Under Section 115BBE Cannot Be Applied to AY 2017-18; Directs AO to Levy 30% Tax

ITAT Upholds Deletion of Rs 5.61 Crore Addition as AO Failed to Independently Verify Alleged Accommodation Entries

The ITAT held that delayed filing of Form 10CCB is a procedural defect and cannot deprive an assessee of the substantive deduction available under Section 80IE. 

ITAT Allows Section 80IE Deduction, Holds Delayed Form 10CCB Filing as Mere Procedural Defect

ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

The ITAT holds genuine exemption claims cannot be denied merely because they were not claimed in returns.

ITAT Allows BSNL VRS Tax Exemption Despite No Return Claim

News

The Income Tax Department has released the Excel Utility for ITR-5 for Assessment Year (AY) 2026-27 on the e-filing portal.

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ITAT Rules Enhanced 60% Tax Under Section 115BBE Cannot Be Applied to AY 2017-18; Directs AO to Levy 30% Tax

ITAT Upholds Deletion of Rs 5.61 Crore Addition as AO Failed to Independently Verify Alleged Accommodation Entries

ITAT Allows Section 80IE Deduction, Holds Delayed Form 10CCB Filing as Mere Procedural Defect

ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

ITAT Allows BSNL VRS Tax Exemption Despite No Return Claim

Income Tax Dept Releases ITR-5 Excel Utility on E-Filing Portal for AY 2026-27