Judgement

Income Tax Addition for Unexplained Cash Deposits During Demonetization Period deleted for Cash Balance Backed by Books of account and computation of income

Demonetization Cash Deposits Addition Deleted as Books Fully Explained Cash Balance

ITAT upheld the CIT(A)'s ruling, holding that ad-hoc expense disallowances without rejecting audited books or proving defects cannot be sustained.

ITAT Dismisses Rs. 8.82 Crore Addition; Holds Estimated Disallowances Not Allowed Without Proof

As per the Maharashtra AAR, the supply of medicines, lab tests, bed charges, food, etc. to in-patients constitutes a composite supply, where healthcare service is the principal supply.

In-Patient Healthcare Services Including Medicines and Room Charges Treated as Composite Supply: AAR

ITAT held that salary earned and first received outside India by a non-resident is not taxable in India merely because it was later credited to an NRE bank account.

Foreign Salary of Non-Resident Not Taxable in India Merely Due to NRE Account Credit: ITAT

News

Around 24.64 lakh ITR remain unprocessed for over 90 days due to technology-driven risk checks.

ITR Processing Backlog: Why Lakhs of Taxpayers Are Still Waiting for Refund

Waiver of foreign creditor liability offered to tax in later year; addition for AY 2013-14 held unsustainable

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Demonetization Cash Deposits Addition Deleted as Books Fully Explained Cash Balance

ITAT Dismisses Rs. 8.82 Crore Addition; Holds Estimated Disallowances Not Allowed Without Proof

In-Patient Healthcare Services Including Medicines and Room Charges Treated as Composite Supply: AAR

Foreign Salary of Non-Resident Not Taxable in India Merely Due to NRE Account Credit: ITAT

ITR Processing Backlog: Why Lakhs of Taxpayers Are Still Waiting for Refund

ITAT Deletes Addition; Holds Mere Long Outstanding Liability Does Not Amount to Cessation