Judgement

Delhi ITAT upholds taxation of interest on enhanced compensation under Section 56(2)(viii), holding that exemption under Section 10(37) is not applicable post the Finance Act, 2009

ITAT: Interest on Enhanced Compensation Taxable as “Income from Other Sources” under Section 56(2)(viii)

The ITAT Mumbai allowed partial relief to an educational trust after its 80G renewal was wrongly rejected due to a clerical error in the application form.

Clerical Mistake in 80G Filing: ITAT Mumbai Grants Relief to Educational Trust

Articles

The Income Tax Department is tracking these common money moves for signs of tax evasion.

Avoid These 10 Money Moves That Can Attract an Income Tax Notice

ITAT upholds CIT(A)’s order deleting additions of Rs. 1.47 crore and Rs. 2.16 crore under Section 69A, finding no link between seized data and assessee

ITAT dismisses Revenue’s appeal; upholds deletion of additions under Section 69A

Tribunal finds non-application of mind in JCIT’s approval; assessment and consequential penalty proceedings set aside.

ITAT Delhi Quashes Assessment; Holds Approval under Section 153D Mechanical and Invalid

Taxpayers must consider these steps if their ITR status shows as “Processed” but the refund is not yet credited.

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ITAT: Interest on Enhanced Compensation Taxable as “Income from Other Sources” under Section 56(2)(viii)

Clerical Mistake in 80G Filing: ITAT Mumbai Grants Relief to Educational Trust

Avoid These 10 Money Moves That Can Attract an Income Tax Notice

ITAT dismisses Revenue’s appeal; upholds deletion of additions under Section 69A

ITAT Delhi Quashes Assessment; Holds Approval under Section 153D Mechanical and Invalid

ITR Status Shows “Processed” But No Refund? Here’s What You Should Do