Judgement

The ITAT granted Section 10(10B) exemption on BSNL VRS compensation and condoned the delay in filing the appeal, allowing the taxpayer to claim the consequential TDS refund.

Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITAT

ITAT remanded the matter to the AO, granting the taxpayer a final opportunity to substantiate that Rs 7.38 crore cash deposits were genuine business receipts with supporting evidence.

ITAT Grants Fresh Opportunity to Prove Rs 7.38 Crore Cash Deposits as Business Receipts

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.

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Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITAT

ITAT Grants Fresh Opportunity to Prove Rs 7.38 Crore Cash Deposits as Business Receipts

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