Judgement

The ITAT partly agreed with Mehta as he provided the explanation, but it also noted that the assessee failed to explain some of the cash deposits.

ITAT Restricts Unexplained Cash Addition of Rs 80.82 Lakh to Only Rs 5 Lakh

Articles

A comprehensive guide to advance tax payments, deadlines, eligibility, and penalties for FY 2025-26

Advance Tax 2025-26: Who Should Pay and What Happens If You Don’t

Tribunal holds that misquoting the penalty provision was a clear, rectifiable mistake, rejects assessee’s claim that AO changed his “satisfaction” or exceeded jurisdiction.

ITAT Upholds Penalty Rectification: AO Can Correct Wrong Section from 271AAB to 271AAC Using Section 154

Court Permits New Revocation Application Under Rule 23(1) After Noting Returns Filed and Delay Still Conditionally Extensible

HC Allows Fresh Revocation Plea: GST Registration Can Be Restored If Returns Filed Within Extended Window

HC: GST appeal filed within extended deadline cannot be dismissed for not paying the enhanced pre-deposit without giving a chance to cure the defect

HC Restores GST Appeal: Minor Pre-Deposit Defect Under Special Scheme Held Curable

Tribunal holds that additions based solely on “Base Notes” and uncorroborated foreign account linkages cannot survive; confirms CIT(A)’s deletion of Section 69A additions

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Restricts Unexplained Cash Addition of Rs 80.82 Lakh to Only Rs 5 Lakh

Advance Tax 2025-26: Who Should Pay and What Happens If You Don’t

ITAT Upholds Penalty Rectification: AO Can Correct Wrong Section from 271AAB to 271AAC Using Section 154

HC Allows Fresh Revocation Plea: GST Registration Can Be Restored If Returns Filed Within Extended Window

HC Restores GST Appeal: Minor Pre-Deposit Defect Under Special Scheme Held Curable

ITAT Dismisses Revenue’s Appeals Against Relief Given to Anil Ambani in HSBC Geneva “Base Note” Additions