Judgement

The ITAT Ahmedabad once the addition forming the basis of reopening is deleted, no fresh addition on another issue can survive.

ITAT Deletes Section 50C Addition After Reopening-Based Addition Was Deleted

The ITAT Ahmedabad held that mere comparison of year-end investments with six years’ accumulation insufficient to invoke Section 68.

ITAT Holds FDR-Bank Balance Difference Cannot Alone Be Treated as Unexplained Income

The ITAT Ahmedabad rules AO Cannot make fresh addition on an issue unconnected with reasons recorded for reassessment.

ITAT Allows Section 80P Deduction to Co-operative Credit Society Where No Addition Made on Reopened Issues

News

Tax professionals have urged the government to extend the FY 2025-26 Tax Audit and audited ITR filing deadline from September 30 to October 31, 2026.

Tax Professionals Seek Extension of Tax Audit and Audited ITR Filing Deadline From September 30 to October 31, 2026

ITAT has quashed the Section 270A penalty imposed on the assessee after the original assessment was set aside and the fresh assessment made no additions, removing the very basis for the penalty.

ITAT Quashes Section 270A Penalty After Fresh Assessment Makes No Additions

ITAT dismissed a Section 10(26) exemption claim on salary income, holding that she failed to prove her income arose from a source situated in the notified area.

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ITAT Deletes Section 50C Addition After Reopening-Based Addition Was Deleted

ITAT Holds FDR-Bank Balance Difference Cannot Alone Be Treated as Unexplained Income

ITAT Allows Section 80P Deduction to Co-operative Credit Society Where No Addition Made on Reopened Issues

Tax Professionals Seek Extension of Tax Audit and Audited ITR Filing Deadline From September 30 to October 31, 2026

ITAT Quashes Section 270A Penalty After Fresh Assessment Makes No Additions

ITAT Dismisses Dell Employee’s Appeal, Holds Address in Meghalaya Not Enough to Claim Section 10(26) Salary Exemption