Judgement

The ITAT Mumbai has granted partial relief to an assessee by reducing the addition of Rs 4.60 lakh to Rs 2.60 lakh made under Section 68 on account of unexplained cash deposits.

ITAT Grants Relief of Rs. 2 Lakh Despite Lack of Complete Supporting Evidence

Tribunal follows Bombay High Court ruling in connected shareholder buyback cases involving same company.

ITAT Mumbai Treats Share Buyback Receipts as Exempt Deemed Dividend.

ITAT Mumbai Treats Share Buyback Receipts as Exempt Deemed Dividend

ITAT allows Section 80P deduction to a co-operative society on interest income from co-operative bank deposits.

ITAT Grants Section 80P Tax Relief to Co-operative Society

ITAT Delhi held that unpaid GST shown merely as a balance-sheet liability, without being claimed as an expenditure, cannot be disallowed under Section 43B.

No Section 43B Disallowance for Unpaid GST Shown Only as Balance Sheet Liability: ITAT

The ITAT deleted the Rs 28.92 lakh Section 68 addition for unexplained credits; however, it sustained additions for low household withdrawals and TDS defaults on freight expenses.

ITAT Deletes Unexplained Credit Addition But Confirms Household Expense and TDS Disallowances

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ITAT Grants Relief of Rs. 2 Lakh Despite Lack of Complete Supporting Evidence

ITAT Mumbai Treats Share Buyback Receipts as Exempt Deemed Dividend

ITAT Grants Section 80P Tax Relief to Co-operative Society

No Section 43B Disallowance for Unpaid GST Shown Only as Balance Sheet Liability: ITAT

ITAT Deletes Unexplained Credit Addition But Confirms Household Expense and TDS Disallowances

ITR Filing AY 2026-27: 7 Major Changes Every Taxpayer Must Know