Judgement

The Income Tax Appellate Tribunal (ITAT) has held SBNs received during demonetisation cannot be treated as unexplained cash credits merely because such notes ceased to be legal tender.

ITAT Holds Demonetisation Deposits Are Not Unexplained Cash Only Because SBNs Ceased to be Legal Tender

News

Gokul Agro received a customs notice over alleged export benefit claims worth Rs 53 crore and plans to contest the allegations.

Gokul Agro Faces Customs Scrutiny Over Rs 53 Crore Export Benefit Claims

ITAT quashes reassessment after holding Section 148 notice was issued beyond permissible limitation.

Property Sale of 1.18 Crore Led to Reassessment; ITAT Cancels Proceedings as Income Tax Notice Was Issued Beyond Time Limit

The Mumbai ITAT ruled that a co-operative society’s surplus from member contributions is not taxable under the doctrine of mutuality and deleted the Section 234F fee.

ITAT Rules Maintenance Charges and Property Tax Recoveries Collected from Members Are Not Taxable

The ITAT sets aside the reassessment order and directs a fresh examination of property investment and bank deposits after providing adequate opportunity of hearing.

NRI Seafarer Faced Rs. 82.50 Lakh Additions for Property Purchase and Cash Deposits; ITAT Orders Fresh Assessment

The Reserve Bank of India (RBI) has imposed a penalty of Rs 70,000 on Repco Home Finance Limited over Non-compliance with 'Fair Practice Code' directions.

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ITAT Holds Demonetisation Deposits Are Not Unexplained Cash Only Because SBNs Ceased to be Legal Tender

Gokul Agro Faces Customs Scrutiny Over Rs 53 Crore Export Benefit Claims

Property Sale of 1.18 Crore Led to Reassessment; ITAT Cancels Proceedings as Income Tax Notice Was Issued Beyond Time Limit

ITAT Rules Maintenance Charges and Property Tax Recoveries Collected from Members Are Not Taxable

NRI Seafarer Faced Rs. 82.50 Lakh Additions for Property Purchase and Cash Deposits; ITAT Orders Fresh Assessment

RBI Levies penalty of Rs. 70,000 on Repco Home Finance Over 'Fair Practice Code' Non-Compliance