Judgement

Member deposits and cash collections cannot be treated as unexplained credits in mutual benefit society.

ITAT Deletes Rs. 4.67 Crore Section 68 Addition Against Cooperative Credit Society

Retailer’s cash deposits during December 2016 held explained by recorded cash sales and sufficient cash balance

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

ITAT favoured the assessee by deleting the capital gains addition, as the reassessment notice was invalid and improperly served, and proceedings lacked jurisdiction.

Reassessment proceedings void if notice not properly served and income already disclosed in ITR

Articles

Draft Income-tax Rules 2026 introduce stricter reporting of high-value credit card payments, PAN requirements and more.

Five Important Credit Card Rules You Must Know Under Draft Income-tax Rules 2026

High Court upholds independent powers of TDS Officer despite completion of assessment under Sections 143(3) and 144C.

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ITAT Deletes Rs. 4.67 Crore Section 68 Addition Against Cooperative Credit Society

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

Reassessment proceedings void if notice not properly served and income already disclosed in ITR

Five Important Credit Card Rules You Must Know Under Draft Income-tax Rules 2026

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

AO Can Invoke Section 201 Even After Scrutiny Assessment; DRP Silence Not a Bar: HC