Judgement

ITAT deletes Section 68 addition after assessee substantiates unsecured loans with complete documentary evidence and banking records.

Section 68 Addition Deleted After Assessee Proves Identity, Creditworthiness and Genuineness: ITAT

News

Rectification order reduces tax adjustments, while appeal on assessment merits continues before the CIT(A).

Jubilant Generics Gets Rs 65.48 Crore Relief as Income Tax Rectification Cuts AY 2023-24 Tax Adjustment

The ITAT allows Section 80P deduction on interest earned from deposits with cooperative banks by cooperative societies.

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks by Sugar Federation.

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks by Sugar Federation

Articles

A simple guide explaining the tax treatment of right shares in India, covering entitlement, renunciation, cost of acquisition, and capital gains implications.

Taxability of Rights Shares in India: Complete Guide with Capital Gains Treatment

The ITAT quashes rectification order, holding Section 154 cannot review appellate decisions without hearing the assessee.

ITAT Quashes CIT(A)'s Rectification Order Passed Without Notice, Restores Relief on Land Acquisition Interest

The ITAT deleted a Section 271B tax audit penalty, holding that the assessee's bona fide belief and consistent tax treatment constituted a reasonable cause under Section 273B.

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Section 68 Addition Deleted After Assessee Proves Identity, Creditworthiness and Genuineness: ITAT

Jubilant Generics Gets Rs 65.48 Crore Relief as Income Tax Rectification Cuts AY 2023-24 Tax Adjustment

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks by Sugar Federation

Taxability of Rights Shares in India: Complete Guide with Capital Gains Treatment

ITAT Quashes CIT(A)'s Rectification Order Passed Without Notice, Restores Relief on Land Acquisition Interest

ITAT Deletes Section 271B Penalty for Non-Filing of Tax Audit Report Due to Bona Fide Belief