Judgement

ITAT Holds No Disallowance under Section 14A if No Exempt Income is Earned  

Income Tax Department has released quarterly Forms 121, 138, 140, 143, 144, 147 and 148 on the e-Filing Portal for filing under Income Tax Rules, 2026.
 

Income Tax 2025 e-Filing Portal Update: Quarterly Forms Now Live

The ITAT held that a mere mismatch in a trade creditor's closing balance cannot justify an addition under Section 68 when the purchases, sales, and closing stock have already been accepted by the AO.

Mere Difference in Trade Creditor Closing Balance Cannot Justify Section 68 Addition When Purchases Are Accepted, Rules ITAT

The ITAT has upheld the disallowance of delayed employees' PF/ESI contributions under Section 143(1), ruling that CPC can make such adjustments while processing income tax returns.

Delayed PF/ESI Deposits Can Be Disallowed During ITR Processing, Holds ITAT

The ITAT Delhi remands Section 11 exemption case after the tax authorities fails to prove that educational institute engaged in trade or commercial activities.

ITAT Remands Section 11 Exemption Case After Revenue Fails to Prove Taxpayer's Engagement in Commercial Activity

The ITAT Mumbai deleted the Rs 7 lakh addition under Section 69A, holding that credible evidence and consistent explanations outweigh mere suspicion in unexplained cash cases.

Explore Our Blogs

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

ITAT Holds No Disallowance under Section 14A if No Exempt Income is Earned

Income Tax 2025 e-Filing Portal Update: Quarterly Forms Now Live

Mere Difference in Trade Creditor Closing Balance Cannot Justify Section 68 Addition When Purchases Are Accepted, Rules ITAT

Delayed PF/ESI Deposits Can Be Disallowed During ITR Processing, Holds ITAT

ITAT Remands Section 11 Exemption Case After Revenue Fails to Prove Taxpayer's Engagement in Commercial Activity

ITAT Deletes Rs 7 Lakh Section 69A Addition, Says Suspicion Alone Cannot Replace Proof