Judgement

Tribunal Holds No Addition Sustainable Without Independent Inquiry; Capital Purchases Cannot Be Treated as Bogus Merely on Investigation Wing Inputs

ITAT Deletes Bogus Purchase Additions Where Assets Existed & Sales Not Disputed 

The ITAT deleted the Rs 11.18 lakh addition, holding that the demonetisation cash deposits were satisfactorily explained with supporting evidence and no undisclosed income was found.

ITAT quashes Demonetisation addition: Funds Sent by NRI to Parents Not Unexplained Income

Appellate Authority holds leasehold rights in land fall outside “plant and machinery” and attract ITC restriction under Section 17(5)(d)

GST: AAAR Denies ITC on Land Lease for Air Separation Plant Setup

The High Court set aside an ex parte GST order against the petitioner and remitted the ITC dispute for fresh adjudication, restoring the opportunity to reply.

Opportunity to Reply Restored: High Court Remits ITC Dispute for Reconsideration

Articles

Income Tax Return forms for AY 2026–27 include a mandatory secondary address, simplified representative details, and easier capital gains reporting, making the filing process simpler and more efficient.

ITR 2026 Update: From Secondary Address to Capital Gains; What Changed

The Tribunal found that the reasons for delay in filing Form 10B and delay in filing appeal were genuine and similar delays were already condoned by the Revenue authority.

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ITAT Deletes Bogus Purchase Additions Where Assets Existed & Sales Not Disputed

ITAT quashes Demonetisation addition: Funds Sent by NRI to Parents Not Unexplained Income

GST: AAAR Denies ITC on Land Lease for Air Separation Plant Setup

Opportunity to Reply Restored: High Court Remits ITC Dispute for Reconsideration

ITR 2026 Update: From Secondary Address to Capital Gains; What Changed

ITAT Accepts Delay Due to Death of Person Handling Accounts, Restores Matter for Reconsideration