Judgement

ITAT Delhi rules that cash deposits duly reflected in audited books and linked to business transactions cannot be treated as unexplained money merely due to doubts over VAT compliance

ITAT Delhi Deletes Rs 5.60 Crore Addition for Demonetisation Cash Deposits Under Section 69A 

The ITAT remanded the Rs 34.86 Lakh cash deposit case for fresh assessment after finding that evidence relating to cash deposits and presumptive taxation claims had not been properly examined.

Transport Business Receipts or Undisclosed Income? ITAT Remands Rs 34.86 Lakh Cash Deposit Addition Case

The Goods and Services Tax Appellate Tribunal (GSTAT) Delhi, has held that Lifestyle International Pvt. Ltd. profiteered Rs 13.61 crore by failing to pass on the benefit of reduction in GST rate.

GSTAT Upholds Profiteering of Rs 13.61 Crore by Not Passing GST Rate Cut Benefit to Consumers

ITAT held that a genuine Section 43B deduction for employee bonus cannot be denied merely due to a reporting error in Form 3CD when actual payment is substantiated by evidence.

ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

The ITAT Mumbai held that the tax authorities cannot treat the disputed purchases as bogus, solely relying on the general information received from the Sales Tax Department without independent verification.

Entire Purchases Cannot Be Treated As Bogus Merely Relying on Information Received From Sales Tax Dept: ITAT

Articles

Taxpayers holding RBI Floating Rate Savings Bonds have been advised to carefully verify the interest income reflected in their AIS before filing ITR for Assessment Year 2026-27.

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ITAT Delhi Deletes Rs 5.60 Crore Addition for Demonetisation Cash Deposits Under Section 69A

Transport Business Receipts or Undisclosed Income? ITAT Remands Rs 34.86 Lakh Cash Deposit Addition Case

GSTAT Upholds Profiteering of Rs 13.61 Crore by Not Passing GST Rate Cut Benefit to Consumers

ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

Entire Purchases Cannot Be Treated As Bogus Merely Relying on Information Received From Sales Tax Dept: ITAT

RBI Floating Rate Bond Interest Showing Only Half in AIS; Verify Income Before Filing ITR 2026