Judgement

ITAT cuts bogus purchase addition to 5% after finding sales were genuine and full disallowance was not justified.

Diamond Trader Faced 100% Bogus Purchase Addition of Rs. 45.35 Lakh; ITAT Restricts Disallowance to Just 5%

News

The Income Tax Department has released the Excel Utility for the ITR-3 form for Assessment Year 2026-27 on the official e-filing portal.

Income Tax Breaking: CBDT Releases Excel Utility for ITR-3 Form on E-Filing Portal (AY 2026-27)

ITAT condoned a 2.10-Year appeal delay caused by the President’s illness, demise, and COVID-19 disruptions, directing a fresh hearing on merits.

ITAT Condones Nearly 3-Year Delay Caused by President’s Illness, Demise and COVID Disruptions

The Income Tax Appellate Tribunal (ITAT) Delhi has dismissed the Revenue's appeals against Hariom Mobile Private Limited and upheld the deletion of additions aggregating to over Rs. 19.98 crore.

ITAT Allows OPPO Distributor’s Claim for AMP and Price Drop Expenses While Deleting Additions Exceeding Rs. 19.98 Crore

Tribunal quashes assessment holding only Section 153C applicable for search-based third-party material cases.

Income Tax Addition of Rs 1.34 Crore Based on Search Material Quashed; ITAT Says Department Applied Wrong Section

The Income Tax Appellate Tribunal (ITAT) Mumbai has held that interest received by the Indian branch of American Express Bank Ltd. from its overseas Head Office and foreign branches cannot be treated as taxable income.

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Diamond Trader Faced 100% Bogus Purchase Addition of Rs. 45.35 Lakh; ITAT Restricts Disallowance to Just 5%

Income Tax Breaking: CBDT Releases Excel Utility for ITR-3 Form on E-Filing Portal (AY 2026-27)

ITAT Condones Nearly 3-Year Delay Caused by President’s Illness, Demise and COVID Disruptions

ITAT Allows OPPO Distributor’s Claim for AMP and Price Drop Expenses While Deleting Additions Exceeding Rs. 19.98 Crore

Income Tax Addition of Rs 1.34 Crore Based on Search Material Quashed; ITAT Says Department Applied Wrong Section

Interest Received by Indian Branch from Overseas Head Office of American Express Is Not Taxable on Principle of Mutuality: ITAT