Judgement

ITAT deleted a Rs 2.53 lakh addition under Section 69A after finding that the cash deposits were adequately explained by earlier withdrawals from the assessee’s bank account.

Trader Deposited Rs. 2.53 Lakh Cash from Earlier Bank Withdrawals; ITAT Deletes Income Tax Addition

ITAT restored the assessee’s appeals to the CIT(A) for fresh adjudication after condoning filing delays and noting lack of effective representation.

Construction Firm’s Appeals Restored by ITAT After Delay of Up to 700 Days; CIT(A) Directed to Rehear Disallowance and Bad Debt Issues

Notifications

Govt imposes anti-dumping duty on Sulphenamides Accelerators imported from China, the EU, and the USA to protect the domestic industry from unfairly priced imports.

Government Notifies Anti-Dumping Duty on Sulphenamides Accelerators Following DGTR Findings

High Court holds refunded royalty under APA cannot be taxed as real income.

Bombay High Court Upholds APA-Based Royalty Adjustment; Refunded Rs. 19.44 Crore Cannot Be Taxed as Income of Foreign AE

ITAT remands Section 80GGC donation deduction case to AO for fresh verification, while upholding reassessment.

ITAT Remands Section 80GGC Deduction Dispute to AO for Fresh Verification of Political Donation Alleged as Bogus

News

Income Tax Department Intensifies Search, Survey and Enforcement Drive for FY27

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Trader Deposited Rs. 2.53 Lakh Cash from Earlier Bank Withdrawals; ITAT Deletes Income Tax Addition

Construction Firm’s Appeals Restored by ITAT After Delay of Up to 700 Days; CIT(A) Directed to Rehear Disallowance and Bad Debt Issues

Government Notifies Anti-Dumping Duty on Sulphenamides Accelerators Following DGTR Findings

Bombay High Court Upholds APA-Based Royalty Adjustment; Refunded Rs. 19.44 Crore Cannot Be Taxed as Income of Foreign AE

ITAT Remands Section 80GGC Deduction Dispute to AO for Fresh Verification of Political Donation Alleged as Bogus

CBDT Unveils FY27 Action Plan, Orders Aggressive Crackdown on Tax Evasion and High-Value Search Cases