Judgement

The ITAT held that opening balance of Rs 15 Lakh could not be treated as Escaped Income for reassessment.

ITAT Quashes Reopening as Notice Issued Beyond Three-Year Limit

The ITAT Delhi holds CIT(A) failed to properly examine lenders’ creditworthiness and additional evidence.


ITAT Remands Rs 6.50 Crore Section 68 Loan Addition for Fresh Investigation

ITAT condoned a 2,027-day delay and remanded Section 10(26AAA) Sikkim Old Settler exemption dispute for fresh adjudication by the AO.

ITAT Remands Rs 1.83 Crore Section 10(26AAA) Sikkim Old Settler Tax Exemption Dispute After Condoning 2,027-Day Delay

ITAT Pune deleted a Rs 11.78 lakh Section 69A addition after accepting retirement benefits, agricultural income and small loans as sufficient sources for the cash deposits.

ITAT Grants Major Relief to Retired Maharashtra Government Employee, Deletes Rs 11.78 Lakh Unexplained Cash Addition Under Section 69A

News

UP State Tax Department uncovers alleged circular trading and irregular ITC claims by three Lucknow advertising firms, leading to a Rs 2.48 crore tax deposit.

Lucknow Ad Firms Under Scanner Over Alleged Circular Trading, ITC Irregularities

CBDT has extended the ITR filing deadline for taxpayers subject to audit to November 21, 2026, and the tax audit report deadline to October 21, 2026, for AY 2026-27.

Explore Our Blogs

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

ITAT Quashes Reopening as Notice Issued Beyond Three-Year Limit

ITAT Remands Rs 6.50 Crore Section 68 Loan Addition for Fresh Investigation

ITAT Remands Rs 1.83 Crore Section 10(26AAA) Sikkim Old Settler Tax Exemption Dispute After Condoning 2,027-Day Delay

ITAT Grants Major Relief to Retired Maharashtra Government Employee, Deletes Rs 11.78 Lakh Unexplained Cash Addition Under Section 69A

Lucknow Ad Firms Under Scanner Over Alleged Circular Trading, ITC Irregularities

CBDT Extends Income Tax Return and Tax Audit Report Filing Deadlines for AY 2026-27