Judgement

The ITAT partly allowed an appeal by granting relief of Rs 2 lakh while sustaining Rs 2.60 lakh addition under Section 68 for unexplained cash deposits.

ITAT Mumbai Upholds Rs 2.60 Lakh Addition After Rejecting Unsupported Cash Deposit Explanation

The ITAT held that the Tax Department cannot use Section 154 rectification proceedings to reclassify survey-disclosed business income as unexplained money taxable under Section 115BBE.

ITAT Ahmedabad Holds On-Money Receipts from Real Estate Business Taxable as Business Income

ITAT Ahmedabad deleted Rs 11.58 lakh demonetisation cash addition, as the assessee properly explained deposits through recorded cash balance and agricultural income.

No Additional Sustainable Cash When Deposits Are Properly Recorded in Books: ITAT

The Registrar of Patna has dropped the adjudication proceedings and did not impose any penalty on Aditya Vision Limited and its officers after confirming that the statute mandate was exempted as it was functioning as a private company.

No Penalty Against Company as ROC Drops Proceedings for Non- Appointment of Independent Directors 

No Penalty Against Company as ROC Drops Proceedings for Non-Appointment of Independent Directors

ITAT rules property investments taxable only in actual payment year, not registration year alone.

ITAT Ahmedabad Deletes Rs 2.04 Crore Addition After Finding Investments Pertained To Earlier Years

ITAT admits additional overseas evidence and restores Section 69A remittance additions for fresh adjudication.

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ITAT Mumbai Upholds Rs 2.60 Lakh Addition After Rejecting Unsupported Cash Deposit Explanation

ITAT Ahmedabad Holds On-Money Receipts from Real Estate Business Taxable as Business Income

No Additional Sustainable Cash When Deposits Are Properly Recorded in Books: ITAT

No Penalty Against Company as ROC Drops Proceedings for Non-Appointment of Independent Directors

ITAT Ahmedabad Deletes Rs 2.04 Crore Addition After Finding Investments Pertained To Earlier Years

ITAT Admits Additional Evidence in NRI Foreign Remittance Tax Dispute