Judgement

ITAT remands the Section 68 Unsecured Loan Addition dispute to CIT(A), on the grounds that additional evidence on unsecured loans u/s 68 requires factual verification.

ITAT Remands Section 68 Unsecured Loan Addition to CIT(A) for Fresh Adjudication

Non-Speaking Order Rejecting GST Registration Cancellation Set Aside Despite Pending Ab-Initio Proceedings

Gujarat High Court Quashes GST Cancellation Rejection Passed Without Reasons

The CIT(A) held that the addition cannot be made based on suspicion and the same was upheld by ITAT.

ITAT Allows LTCG Claim on Sale of Shares Under Section 10(38); Rejects Revenue's Appeal Alleging Bogus Gains

ITAT allowed the deduction, holding that the interest was already taxed through disallowance in the prior years.

ITAT Allows Interest Deduction Under Section 43B to Avoid Double Taxation

News

The Income Tax Department issues intimations to salaried taxpayers for non-disclosure of foreign assets or income, urging them to file revised ITRs for AY 2025-26 by Dec 31.

Income Tax Dept Flags Undisclosed Foreign Assets, Urges Revised ITR Filing by Dec 31, 2025

Seizure Quashed as Cloud Point Deviation Alone Cannot Reclassify Marine Fuel as Automotive Diesel

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ITAT Remands Section 68 Unsecured Loan Addition to CIT(A) for Fresh Adjudication

Gujarat High Court Quashes GST Cancellation Rejection Passed Without Reasons

ITAT Allows LTCG Claim on Sale of Shares Under Section 10(38); Rejects Revenue's Appeal Alleging Bogus Gains

ITAT Allows Interest Deduction Under Section 43B to Avoid Double Taxation

Income Tax Dept Flags Undisclosed Foreign Assets, Urges Revised ITR Filing by Dec 31, 2025

High Court Orders Release of Seized Distillate Oil, Rejects Customs’ Diesel Mis-Classification