Judgement

ITAT Holds A Sheet Found During Third-Party Search Cannot Justify Section 69A Addition Without Corroborative Evidence

ITAT has given the taxpayer another opportunity to explain bank deposits and interest income by remanding the case for a fresh assessment.

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

Orders

The CBDT has authorised the DGIT (Systems) to upload Automatic Exchange of Information (AEOI) data into taxpayers' Annual Information Statement (AIS) within 90 days of receipt.

CBDT Authorises DGIT (Systems) to Upload Automatic Exchange of Information in Taxpayers' AIS Within 90 Days

High Court Dismisses Revenue's Appeal on CENVAT Credit for Reliance Telecom Towers Following Supreme Court Ruling

The Chennai ITAT directed the AO to restrict the Section 69A addition to the peak credit instead of taxing the entire cash deposits.

ITAT Restricts Section 69A Addition to Peak Credit, Says Entire Cash Deposits Cannot Be Taxed

News

The Income Tax Department has released the ITR-7 Excel Utility for AY 2026-27, enabling eligible trusts, institutions, and other specified entities to begin filing their income tax returns.

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ITAT Holds A Sheet Found During Third-Party Search Cannot Justify Section 69A Addition Without Corroborative Evidence

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

CBDT Authorises DGIT (Systems) to Upload Automatic Exchange of Information in Taxpayers' AIS Within 90 Days

High Court Dismisses Revenue's Appeal on CENVAT Credit for Reliance Telecom Towers Following Supreme Court Ruling

ITAT Restricts Section 69A Addition to Peak Credit, Says Entire Cash Deposits Cannot Be Taxed

Income Tax Department Releases ITR-7 Excel Utility for AY 2026-27 on e-Filing Portal