Judgement

The ITAT holds legitimate exemptions cannot be denied merely because they were omitted from the return.

ITAT Allows BSNL VRS Exemption Despite Omission in Income Tax Return

ITAT invalidates reassessment as fresh notice exceeded surviving limitation period under revised reassessment regime.

ITAT Quashes Time-Barred Reassessment Following Supreme Court Limitation Rulings

ITAT rules only commission or profit from accommodation entries is taxable, not gross bank credits.

ITAT: Entire Bogus Billing Bank Credits Cannot Be Taxed as Income

ITAT Denies Section 80GGC Deduction on Political Donation Found to be Accommodation Entry

News

Syngene International has secured an income tax refund of Rs 8.62 crore after the Assessing Officer gave effect to the NFAC's partial relief order for AY 2014-15.

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ITAT Allows BSNL VRS Exemption Despite Omission in Income Tax Return

ITAT Quashes Time-Barred Reassessment Following Supreme Court Limitation Rulings

ITAT: Entire Bogus Billing Bank Credits Cannot Be Taxed as Income

ITAT Denies Section 80GGC Deduction on Political Donation Found to be Accommodation Entry

Syngene International Secures Rs 8.62 Crore Income Tax Refund After NFAC Grants Partial Relief

ITAT Rules Taxpayer Should Not Suffer Once Delay in ITR E-Verification is Condoned