Judgement

Tribunal partially allows the appeal; holds the 10% ad hoc disallowance arbitrary and unsupported.

ITAT Slashes Baseless 10% Expense Disallowance to 4%

ITAT deletes Rs. 15.10 lakh addition, holding time gap alone insufficient to treat cash re-deposit as unexplained income

Demonetization Cash Deposits from Prior Withdrawals Can’t Be Taxed Just for Time Gap: ITAT

News

Discover the inspiring journey of Rajan Kabra, who topped May 2025 CA exams with passion and dedication

From Harry Potter to balance sheets: Meet Rajan Kabra CA Final May 2025 AIR 1

Tara Chand Agarwal became a Chartered Accountant at the age of 71, proving it's never too late to achieve your dreams.

Age is Just a Number: Tara Chand Agarwal Becomes CA at 71

Articles

The Ministry of Finance has introduced some significant changes in buy-back taxation in the Finance Act (No. 2), 2024, which is effective from October 1, 2024.

Important Income Tax Alert: Major Amendment in Buy-Back Taxation

ITAT quashes 1.32 crore addition for cash deposit during demonetization, holding sales genuine

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ITAT Slashes Baseless 10% Expense Disallowance to 4%

Demonetization Cash Deposits from Prior Withdrawals Can’t Be Taxed Just for Time Gap: ITAT

From Harry Potter to balance sheets: Meet Rajan Kabra CA Final May 2025 AIR 1

Age is Just a Number: Tara Chand Agarwal Becomes CA at 71

Important Income Tax Alert: Major Amendment in Buy-Back Taxation

Cash During Demonetization: ITAT Says VAT Accepted Sales Can’t Be Taxed Again u/s 68