News

Visaka Industries has secured a major legal victory as the court allowed recovery of Rs 68.73 crore awarded in its long-running dispute with the Hyderabad Cricket Association.

Visaka Industries Wins Rs 68.73 Crore Recovery After Court Upholds Cheque Execution Petition Against Hyderabad Cricket Association

Judgement

ITAT held that taxpayer's demonetisation cash deposits were genuine business receipts, upheld deletion of the Rs 1.16 crore Section 69 addition, and dismissed the Revenue's appeal.

ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal

The Bombay High Court hears a plea seeking equal tax exemption for same-sex couples.

Same-Sex Couple Files Plea Seeking Equal Tax Treatment Under Income Tax Act

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.

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Visaka Industries Wins Rs 68.73 Crore Recovery After Court Upholds Cheque Execution Petition Against Hyderabad Cricket Association

ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal

Same-Sex Couple Files Plea Seeking Equal Tax Treatment Under Income Tax Act

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