Judgement

ITAT ruled that duly recorded cash deposits cannot be treated as unexplained and that income cannot be arbitrarily estimated without rejecting the books of accounts.

ITAT Deletes Additions: Cash Deposits Upheld with Proper Records, No Income Estimation Without Rejecting Books

ITAT holds land, which remains agricultural despite temporary non-use and allows a capital gains exemption claim.

Agricultural Land Status Retained Despite Temporary Non-Use, Rules ITAT

Press Release

The ICAI has successfully conducted an awareness programme on the theme “Understanding the New Tax Provisions" under the Income Tax Act 2025.

ICAI Hyderabad Conducts an Awareness Programme: Understanding New Tax Provisions under Income Tax Act 2025

Articles

A concise comparison of the Old and New Tax Regimes for FY 2026-27, highlighting key differences in deductions, exemptions, and overall tax benefits to help you choose the most suitable option.

Old vs New Tax Regime for Tax Year 2026-27

The ITAT cited the Supreme Court's ruling that a mere wrong claim, without concealing facts, does not amount to "furnishing inaccurate particulars".

Penalty Under Section 271(1)(c) Cannot Be Imposed When No Income is Concealed: ITAT

The ITAT deletes the penalty holding disallowance of the Section 54 claim and does not amount to concealment.

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ITAT Deletes Additions: Cash Deposits Upheld with Proper Records, No Income Estimation Without Rejecting Books

Agricultural Land Status Retained Despite Temporary Non-Use, Rules ITAT

ICAI Hyderabad Conducts an Awareness Programme: Understanding New Tax Provisions under Income Tax Act 2025

Old vs New Tax Regime for Tax Year 2026-27

Penalty Under Section 271(1)(c) Cannot Be Imposed When No Income is Concealed: ITAT

ITAT Deletes Penalty; Disallowance of Section 54 Claim Not Concealment