Judgement

The ITAT partly agreed with Mehta as he provided the explanation, but it also noted that the assessee failed to explain some of the cash deposits.

ITAT Restricts Unexplained Cash Addition of Rs 80.82 Lakh to Only Rs 5 Lakh

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ITAT Restricts Unexplained Cash Addition of Rs 80.82 Lakh to Only Rs 5 Lakh

Advance Tax 2025-26: Who Should Pay and What Happens If You Don’t

ITAT Upholds Penalty Rectification: AO Can Correct Wrong Section from 271AAB to 271AAC Using Section 154

ITAT Dismisses Revenue’s Appeals Against Relief Given to Anil Ambani in HSBC Geneva “Base Note” Additions

Income Tax Litigation Backlog: Pending Income Tax Cases Touch 539,000 for FY 2025

Government Confirms Timeline for New ITR Forms Under Income Tax Act 2025