News

During the investigation, ED officials found that, among other assets, the Pali Hill property was aggregated into the RiseE trust.

ED Attaches Anil Ambani's Pali Hill Home in RCOM Loan Fraud Probe

Judgement

The ITAT directed the AO to delete the addition, holding that the assessee had sufficiently proved the genuineness of the purchases.

ITAT Ahmedabad Deletes Alleged Bogus Purchase Addition Due to Proper Evidence Submission

The ITAT Bangalore deletes major additions on unsecured loans, interest, and salary expenses while remanding Rs. 44.71 lakh for fresh verification.

ITAT Faults CIT(A)/NFAC for Lack of Reasoning; Deletes Major Additions, Remands Rs. 44.71 Lakh Loan Issue

The ITAT ruled that only the Rs. 3.34 lakh trading profit of the company is taxable, rejecting the Rs. 3.90 crore unexplained cash credit addition under Section 68.

ITAT Quashes Rs. 3.90 Crore Section 68 Addition; Holds Only Trading Profit Taxable

The Supreme Court of India criticised NCERT and ordered a ban on a Class 8 textbook over references to judicial corruption.

Supreme Court of India Slams NCERT Textbook Over 'Judicial Corruption' Claim; Bench Orders Ban

The ITAT held that Section 54F deduction must strictly follow the statutory formula and cannot exceed the computed exemption merely due to higher deposits in the CGAS.

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ED Attaches Anil Ambani's Pali Hill Home in RCOM Loan Fraud Probe

ITAT Ahmedabad Deletes Alleged Bogus Purchase Addition Due to Proper Evidence Submission

ITAT Faults CIT(A)/NFAC for Lack of Reasoning; Deletes Major Additions, Remands Rs. 44.71 Lakh Loan Issue

ITAT Quashes Rs. 3.90 Crore Section 68 Addition; Holds Only Trading Profit Taxable

Supreme Court of India Slams NCERT Textbook Over 'Judicial Corruption' Claim; Bench Orders Ban

Section 54F Deduction Must Follow Statutory Formula, Not CGAS Deposit: ITAT