Judgement

ITAT deleted a Rs 13.01 lakh addition made solely due to an auditor’s erroneous reporting in Form 3CD, holding that taxing already-disclosed income again would amount to double taxation.

ITAT Deletes Addition Arising from Auditor’s Reporting Error in Tax Audit Report

A landmark transfer pricing ruling where the ITAT Delhi grants substantial relief to ACME Cleantech while upholding the TNMM-based adjustment on sales to associated enterprises.

ACME Cleantech Solutions: A Case That Touches Every Corner of Transfer Pricing Law

The ITAT Mumbai held that additions made by the AO were incorrect as it was assumed that assessee claimed exempt Long-Term Capital Gain but the assessee disclosed a Short-Term Capital Loss through penny stock transactions

ITAT Deletes Penny Stock Addition as Assessee Had Claimed Short-Term Capital Loss

The ITAT Mumbai held that cash deposits that arise from disclosed business turnover can not be treated as unexplained money in absence of any material proving that such deposits represented unaccounted income

ITAT Held That Business Cash Deposits Cannot Be Treated as Unexplained Without Contrary Evidence 

News

ITAT deleted Rs 9.25 lakh of a tax addition after accepting part of a Mumbai taxpayer's family gift claim for cash credit card payments.

Mumbai Taxpayer Gets ITAT Relief in Rs 13.95 Lakh Credit Card Cash Payment Case

Articles

Most salaried taxpayers are waiting for Form 16 before filing their ITR. Here's why this document is important, what details it contains, and how it helps ensure accurate tax return filing.

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ITAT Deletes Addition Arising from Auditor’s Reporting Error in Tax Audit Report

ACME Cleantech Solutions: A Case That Touches Every Corner of Transfer Pricing Law

ITAT Deletes Penny Stock Addition as Assessee Had Claimed Short-Term Capital Loss

ITAT Held That Business Cash Deposits Cannot Be Treated as Unexplained Without Contrary Evidence

Mumbai Taxpayer Gets ITAT Relief in Rs 13.95 Lakh Credit Card Cash Payment Case

ITR Filing FY 2025-26: Why Form 16 Matters Before You File