Judgement

ITAT upheld a Rs 7.23 crore addition under Section 69A over unexplained bank credits, citing unreconciled financial discrepancies and lack of documentary evidence.

ITAT Upholds Rs 7.23 Crore Addition Over Unexplained Bank Credits and Unreconciled Financial Discrepancies

The ITAT remanded the case to the AO for fresh examination of land-related tax additions, DVO valuation, disclosure of the remand report, and verification of the assessee's claimed 16.21% ownership share.

ITAT Directs AO to Reconsider Rs 16.44 Lakh Capital Gains and Rs 25.87 Lakh Stamp Duty Value Addition

News

Surat Cybercrime Police have arrested a 26-year-old Haryana man in an alleged Rs 40 lakh WhatsApp ‘Boss Scam’ that involved impersonating a company owner to trick an accountant into transferring funds.

Fake WhatsApp Boss Dupes Company Accountant of Rs 40 Lakh; Surat Police Arrest Haryana Man in Cyber Fraud Case

The Andhra Pradesh High Court holds Section 147A Unconstitutional for Retrospectively Conferring Jurisdiction on AOs.


High Court Strikes Down Retrospective Section 147A of Income Tax Act

The Jharkhand High Court held writ jurisdiction cannot be invoked routinely against GST Show-Cause Notices.

High Court Directs Assessee to Avail Statutory Remedies

NIIT Limited faces a Rs 1.72 crore tax appeal before Delhi ITAT for AY 2018-19 but expects no adverse impact on its financial position or operations.

Explore Our Blogs

ITAT Upholds Rs 7.23 Crore Addition Over Unexplained Bank Credits and Unreconciled Financial Discrepancies

ITAT Directs AO to Reconsider Rs 16.44 Lakh Capital Gains and Rs 25.87 Lakh Stamp Duty Value Addition

Fake WhatsApp Boss Dupes Company Accountant of Rs 40 Lakh; Surat Police Arrest Haryana Man in Cyber Fraud Case

High Court Strikes Down Retrospective Section 147A of Income Tax Act

High Court Directs Assessee to Avail Statutory Remedies

NIIT Limited Discloses Income Tax Department’s Appeal Before Delhi ITAT, Says No Adverse Financial Impact Expected