Articles

Most salaried taxpayers are waiting for Form 16 before filing their ITR. Here's why this document is important, what details it contains, and how it helps ensure accurate tax return filing.

ITR Filing FY 2025-26: Why Form 16 Matters Before You File

Judgement

The ITAT Delhi held that once a transaction is covered under a binding APA under Section 92CC, the Revenue cannot disallow the same expenditure under Section 37(1), deleting the Rs 15.77 crore addition.

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1)

The ITAT Mumbai held that if the cash deposits are supported by a book of accounts, stock records, sales registers and VAT returns can not be held as unexplained money only because they were deposited during demonetisation.

Cash Deposits During Demonetisation Cannot Be Treated as Unexplained Income 

ITAT holds only the profit element in unaccounted receipts taxable and grants peak credit benefit.

Pune ITAT Restricts Taxation of Unrecorded Real Estate Receipts

The ITAT Agra quashed reassessment proceedings in a Rs 3.5 lakh donation deduction case, holding the Section 148 notice as time-barred and legally invalid.

ITAT Sets Aside Reassessment, Says Rs 3.5 Lakh Escaped Income Below Rs 50 Lakh Threshold for Extended Limitation

ITAT condones six-day delay and restores appeal for decision on merits by CIT(A).

Explore Our Blogs

ITR Filing FY 2025-26: Why Form 16 Matters Before You File

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1)

Cash Deposits During Demonetisation Cannot Be Treated as Unexplained Income

Pune ITAT Restricts Taxation of Unrecorded Real Estate Receipts

ITAT Sets Aside Reassessment, Says Rs 3.5 Lakh Escaped Income Below Rs 50 Lakh Threshold for Extended Limitation

ITAT Pune Restores Appeal Dismissed Over 6-Day Delay, Directs CIT(A) to Decide Matter on Merits