Judgement

The Income Tax Appellate Tribunal (ITAT) Delhi observed that the Assessing Officer had not rejected the books of account and therefore could not justify the addition of the entire purchase amount.

ITAT Restricts Bogus Purchase Addition to Rs 10 Lakh And Deletes Balance Rs 87.03 Lakh

The ITAT holds genuine share premium from holding company cannot be taxed under Section 56(2)(viib) provisions.

ITAT Deletes Section 56(2)(viib) Addition on Share Premium Between Holding Company and Wholly-Owned Subsidiary

The ITAT Delhi has dismissed the appeal filed by Rashmi Magazine and upheld the order of the CIT(A) directing a fresh assessment in a search-related matter.

ITAT Rejects Assessee’s Challenge to Section 153C Proceedings And Upholds Order of CIT(A) 

The ITAT dismisses the Revenue's appeal and upholds deletion of Rs 6.43 crore additions in a search assessment case due to lack of incriminating evidence against the taxpayer.

ITAT Deletes Rs 6.43 Crore Additions, Dismisses Revenue’s Appeal in Search Assessment Case

Articles

Check Form 26AS and AIS before filing ITR to avoid errors, delays and tax notices.

ITR Filing 2026: Why Form 26AS and AIS Matter

The ITAT holds that delayed filing of Forms 10 and 10B cannot defeat genuine Section 11 exemption claims.

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ITAT Restricts Bogus Purchase Addition to Rs 10 Lakh And Deletes Balance Rs 87.03 Lakh

ITAT Deletes Section 56(2)(viib) Addition on Share Premium Between Holding Company and Wholly-Owned Subsidiary

ITAT Rejects Assessee’s Challenge to Section 153C Proceedings And Upholds Order of CIT(A)

ITAT Deletes Rs 6.43 Crore Additions, Dismisses Revenue’s Appeal in Search Assessment Case

ITR Filing 2026: Why Form 26AS and AIS Matter

ITAT Allows FSSAI's Section 11 Exemption Claim, Directs AO to Recompute Income After Verification