Judgement

ITAT allows deduction despite delay, holding audit report filing as procedural requirement under law.

ITAT Allows Section 80-IAC Deduction Despite Delay in Filing Form 10CCB

ITAT deletes additions based on loose sheets, citing lack of corroborative evidence and linkage.

ITAT Deletes GP Addition Based Solely on Unverified Loose Sheets

The Tribunal noted that AO and CIT(A) made adhoc disallowances without pointing out specific discrepancies in the same.

Minor errors in bills like missing GST numbers, do not justify 10% Adhoc disallowance of entire expense: ITAT

News

Fire Breaks out in Delhi Income Tax Office, GST Audit records damaged

Income Tax Department releases FAQs on transition from Income Tax Act 1961 to the proposed 2025 framework, clarifying key changes, compliance requirements, and taxpayer impact.

Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025

Income Tax Department imposes Rs. 5.50 crore penalty on IDBI Bank

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ITAT Allows Section 80-IAC Deduction Despite Delay in Filing Form 10CCB

ITAT Deletes GP Addition Based Solely on Unverified Loose Sheets

Minor errors in bills like missing GST numbers, do not justify 10% Adhoc disallowance of entire expense: ITAT

Fire Breaks out in Delhi Income Tax Office, GST Audit records damaged

Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025

Income Tax Department imposes Penalty of Rs. 5.50 Cr on IDBI Bank