Judgement

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

Articles

ITR filing for AY 2026-27 has started with several important changes in reporting requirements.

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

Customer denial alone insufficient to reject commission expenditure backed by documentary records.

ITAT Mumbai Deletes Commission Disallowance of Rs 23.69 Lakh After Finding Adequate Evidence of Genuine Payments

ITAT Mumbai deletes Section 69A addition after verifying loan transactions through banking channels and records.

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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

ITAT Mumbai Deletes Commission Disallowance of Rs 23.69 Lakh After Finding Adequate Evidence of Genuine Payments

ITAT Deletes Rs.50 Lakh Addition Based on Verified Bank Transactions