Judgement

ITAT Mumbai upheld deletion of Section 68 addition after finding that assessee had proved genuineness of unsecured loans.

Genuineness of Unsecured Loans Proved: ITAT Mumbai Dismisses Revenue Appeal

Articles

Comprehensive guide on TDS Compliance for Non-Residents u/s 195 including concepts such as Deduct, deposit, and report tax on payments.

TDS Compliance for Non-Residents Under Section 195 of Income Tax Act

Cash gifts (“sagan”) received at marriage held to be a satisfactory source; Section 69A addition unsustainable.

Big Demonetisation Relief: ITAT Delhi Deletes Cash Addition on Marriage Gift Explanation

The ITAT held that the services provided for AMC would qualify for TDS to be made under Section 194C and not Section 194J of the Income Tax Act.

Big TDS Relief: ITAT Says AMC Is Not Fee for Technical Services Under Section 9(1)

The ITAT held that a written loan agreement or repayment of loan and interest are not essential ingredients for establishing the genuineness of the loan transaction.

Big Section 68 Relief: ITAT Says Written Loan Agreement or Interest Not Essential to Prove Loan Genuineness

Tribunal holds that once the basis of reopening fails, Assessing Officer cannot make additions on unrelated issues.

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Genuineness of Unsecured Loans Proved: ITAT Mumbai Dismisses Revenue Appeal

TDS Compliance for Non-Residents Under Section 195 of Income Tax Act

Big Demonetisation Relief: ITAT Delhi Deletes Cash Addition on Marriage Gift Explanation

Big TDS Relief: ITAT Says AMC Is Not Fee for Technical Services Under Section 9(1)

Big Section 68 Relief: ITAT Says Written Loan Agreement or Interest Not Essential to Prove Loan Genuineness

ITAT Delhi Quashes Reassessment Addition Where Original Reopening Ground Was Dropped