Judgement

The ITAT Delhi holds that expenditure not claimed in the Profit & Loss Account cannot be disallowed due to delayed deduction of TDS.



ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress 

ITAT restored Rs 1.90 Crore Section 68 addition case to AO for fresh adjudication, allowing fresh opportunity to submit evidence proving loan genuineness.

ITAT Remands Rs 1.90 Crore Section 68 Unexplained Cash Credit Addition Case, Granting Taxpayer Another Chance to Prove Loan Genuineness

Gujarat AAR ruled that laundry soap used for washing clothes falls under HSN 34011942 and is taxable at 18% GST.

GST Classification and Rate on Laundry Soap in Bar or Cake Form: AAR

The ITAT condoned a 2,073-day delay in filing the appeal and deleted the Rs 11 lakh cash deposit addition after accepting the taxpayer's explanation.

ITAT Grants Relief to Senior Citizen, Deletes Rs 11 Lakh Cash Deposit Addition

News

The Direct Taxes Committee of ICAI has released the eleventh edition of a publication titled "Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 (Revised 2026)." 

ICAI Releases Eleventh Edition of Guidance Note on Tax Audit under Section 44AB of Income Tax Act, 1961 (Revised 2026)

A young CA died by suicide after an alleged prolonged struggle with online gambling addiction, highlighting the devastating impact of addictive online betting.

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ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress

ITAT Remands Rs 1.90 Crore Section 68 Unexplained Cash Credit Addition Case, Granting Taxpayer Another Chance to Prove Loan Genuineness

GST Classification and Rate on Laundry Soap in Bar or Cake Form: AAR

ITAT Grants Relief to Senior Citizen, Deletes Rs 11 Lakh Cash Deposit Addition

ICAI Releases Eleventh Edition of Guidance Note on Tax Audit under Section 44AB of Income Tax Act, 1961 (Revised 2026)

AIR-Holding Chartered Accountant Reportedly Dies by Suicide, Highlighting the Devastating Impact of Gambling Addiction