Judgement

ITAT deletes an addition holding bitcoin loss cannot be treated as an unexplained investment under Section 69.

ITAT Holds Loss Cannot Be Treated as Unexplained Income

According to ITAT rules, no fresh 143(2) notice is required in an assessment pursuant to Section 263 proceedings.

ITAT Holds No Fresh Section 143(2) Notice Required After Section 263

ITAT deletes FIS additions and holds subscription fees, not royalties, under India-US DTAA provisions.

ITAT Rules Consultancy Receipts Not FIS; Subscription Not Royalty

Articles

The Income Tax Department has launched a new Tax Saathi AI chatbot to explain rules and forms and timelines and provide guidance to taxpayers through its new website.

ITR Filing For Tax Year 2026-27: What Is “Kar Sathi” AI chatbot, and How Will it Contribute to Tax Filing?

The Karnataka High Court quashes an assessment on a deceased assessee where tax authorities had prior knowledge of death.

HC Sets Aside ITAT Remand; Assessment on Deceased Assessee Quashed

Tribunal upholds the deletion of the penalty where surrendered income was duly recorded and accepted as business income in return.

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ITAT Holds Loss Cannot Be Treated as Unexplained Income

ITAT Holds No Fresh Section 143(2) Notice Required After Section 263

ITAT Rules Consultancy Receipts Not FIS; Subscription Not Royalty

ITR Filing For Tax Year 2026-27: What Is “Kar Sathi” AI chatbot, and How Will it Contribute to Tax Filing?

HC Sets Aside ITAT Remand; Assessment on Deceased Assessee Quashed

ITAT Deletes Penalty on Survey Income Declared and Accepted in Return