Judgement

Since the grounds for reopening the assessment and final addition during the reassessment were made on entirely different facts, the ITAT quashed the reassessment order.

ITAT Quashes Reassessment as Final Addition Was Made on Different Grounds

ITAT restored the Section 11 exemption claim after condoning a one-day delay in filing Form 10B and remanding the matter to the tax authorities for fresh review.

ITAT Delhi Restores Section 11 Exemption Case After One-Day Form 10B Delay Is Condoned

ITAT holds corpus character proved through donor intent and records; cash fee collections from students cannot be treated as unexplained

ITAT Grants Full Corpus Exemption to Educational Trust, Deletes Rs. 69 Lakh Cash Addition

The ITAT held that no demonetisation addition on cash sales can be made where the assessee maintained complete sales invoices, stock registers, VAT returns and audited accounts

No Demonetisation Addition on Cash sales where Assessee Maintained Proper Sales, Stock and Audit Records: ITAT

Articles

Currently, the income tax rules follow the changes introduced in Budget 2025, which made the current tax system easier for middle-income people.

Union Budget 2026 Ahead: Key Income Tax Changes Introduced in Budget 2025

News

The Income Tax Department Raids Rice Traders in Gaya and Aurangabad Over Suspected financial irregularities & Disproportionate Assets.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Quashes Reassessment as Final Addition Was Made on Different Grounds

ITAT Delhi Restores Section 11 Exemption Case After One-Day Form 10B Delay Is Condoned

ITAT Grants Full Corpus Exemption to Educational Trust, Deletes Rs. 69 Lakh Cash Addition

No Demonetisation Addition on Cash sales where Assessee Maintained Proper Sales, Stock and Audit Records: ITAT

Union Budget 2026 Ahead: Key Income Tax Changes Introduced in Budget 2025

IT Department Conducts Raids Over Suspected Disproportionate Assets in Bihar