Judgement

ITAT Ahmedabad remands Rs 63.75 lakh cash addition to CIT(A), granting the assessee a final opportunity to submit evidence.

Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

Articles

This year, 2025, has brought several key changes to India's financial and tax system relating to everyday life, mainly influencing the lives of middle-class individuals.

Big Relief for India’s Middle Class: Key Banking, Tax and Pension Changes in 2025

News

Ankita Lokhande and Vicky Jain marked their fourth wedding anniversary with a heartfelt message amid ongoing GST action linked to coal firms associated with his family business.

GST Dept. Recovers Rs. 27.5 Crore in Coal Tax Case Linked to Ankita Lokhande and Vicky Jain’s family in Bilaspur

The Tribunal deleted the penalty due to the difference in the grounds for initiating the penalty and imposition of the penalty.

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

There was no misreporting of income and in the absence of details as to which limb of section 270A was attracted and how the ingredient of sub-section (9) of section 270A was satisfied.

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Raipur sets aside ex-parte CIT(A) order for AY 2018-19, remanding case for de novo adjudication, giving assessee a final opportunity to comply.

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Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

Big Relief for India’s Middle Class: Key Banking, Tax and Pension Changes in 2025

GST Dept. Recovers Rs. 27.5 Crore in Coal Tax Case Linked to Ankita Lokhande and Vicky Jain’s family in Bilaspur

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Remands Ex-Parte CIT(A) Order for De Novo Adjudication