Judgement

ITAT directed CIT(A) to condone delay and decide penalty appeals on merits.

ITAT Restores Penalty Appeals, Says Delay Alone Cannot Defeat Meritorious Cases

The ITAT Bangalore has partly allowed the appeal filed by Castles Vista Pvt. Ltd. by deleting multiple additions and disallowances made during assessment. 

ITAT Holds Mere Clerical Error and Creditor’s Non-Response Do Not Justify Tax Additions

ITAT held additional evidence should be admitted where confirmations from numerous customers required time to obtain.

ITAT Restores Section 68 Addition Case After CIT(A) Rejects Fresh Evidence

 ITAT dismissed appeal after refusing to condone an unexplained 2,376-day filing delay.

ITAT Refuses to Condoned 2,376-Day Delay, Dismisses Time-Barred Income Tax Appeal.

ITAT Refuses to Condoned 2,376-Day Delay, Dismisses Time-Barred Income Tax Appeal

News

The RBI has extended the due date for furnishing the annual census on FLA for the FY 2025-26 and also revised the email ID for all communication/queries. 

RBI Extends FLA Return Filing Deadline to July 31, 2026; Changes Official Email for Queries

Tribunal held unabsorbed business losses can be set off against short-term capital gains arising under Section 50.

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ITAT Restores Penalty Appeals, Says Delay Alone Cannot Defeat Meritorious Cases

ITAT Holds Mere Clerical Error and Creditor’s Non-Response Do Not Justify Tax Additions

ITAT Restores Section 68 Addition Case After CIT(A) Rejects Fresh Evidence

ITAT Refuses to Condoned 2,376-Day Delay, Dismisses Time-Barred Income Tax Appeal

RBI Extends FLA Return Filing Deadline to July 31, 2026; Changes Official Email for Queries

ITAT Allows Set-Off of Brought Forward Business Loss Against Section 50 Capital Gains