Judgement

ITAT restores appeal, allowing Rule 46A application to examine demonetisation cash deposit evidence on merits.

ITAT Restores Demonetisation Cash Deposit Case for Fresh Rule 46A Examination

ITAT remands tax appeal after finding denial of effective hearing opportunity due to unconsidered adjournment requests.

ITAT Remands Tax Appeal After Finding Denial of Effective Opportunity of Hearing

Articles

Learn the complete tax treatment of deemed dividend under Section 2(22) of the Income Tax Act, 1961, including loans, buybacks, asset distributions, liquidation, and practical examples.

Received Dividend, Loan, or Buyback Proceeds? Decode Deemed Dividend Under Section 2(22) with Practical Examples

ITAT set aside a Rs 10,000 penalty under Section 272A(1)(d) and remanded the matter to the AO for fresh adjudication.

ITAT Sets Aside Rs 10,000 Penalty Under Section 272A(1)(d), Orders Fresh Examination

ITAT held that member-wise cash deposits cannot be treated as unexplained under Section 68 without proper verification and upheld the co-operative society's Section 80P deduction.

ITAT: Cash Deposits From Members Not Unexplained Without Proper Verification 

ITAT quashes reassessment beyond four years and deletes Section 68 addition lacking fresh material and evidence.

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ITAT Restores Demonetisation Cash Deposit Case for Fresh Rule 46A Examination

ITAT Remands Tax Appeal After Finding Denial of Effective Opportunity of Hearing

Received Dividend, Loan, or Buyback Proceeds? Decode Deemed Dividend Under Section 2(22) with Practical Examples

ITAT Sets Aside Rs 10,000 Penalty Under Section 272A(1)(d), Orders Fresh Examination

ITAT: Cash Deposits From Members Not Unexplained Without Proper Verification

ITAT: Reassessment Beyond Four Years Quashed as AO Reopened Case on Mere Change of Opinion Without Fresh Material