Judgement

The ITAT Delhi deleted a Rs 15.41 crore addition under Section 69 after finding that the taxpayer had adequately explained the source of investments despite an ITR reporting error.

Addition Is Unsustainable When Investment Sources Are Properly Verified Despite ITR Reporting Error: ITAT

ITAT held that a genuine mistake in Form 10 can be rectified before assessment completion, allowing charitable trusts to claim Section 11(2) accumulation benefit.

Genuine Mistake in Form 10 Curable Before Assessment Completion: ITAT

Supreme Court issued notice to the Centre over long-pending vacancies in ITAT and suggested deputation of judicial officers to address the shortage.

SC Seeks Urgent Filing of Vacant Posts in ITAT

The ITAT partly allowed an appeal by granting relief of Rs 2 lakh while sustaining Rs 2.60 lakh addition under Section 68 for unexplained cash deposits.

ITAT Mumbai Upholds Rs 2.60 Lakh Addition After Rejecting Unsupported Cash Deposit Explanation

The ITAT held that the Tax Department cannot use Section 154 rectification proceedings to reclassify survey-disclosed business income as unexplained money taxable under Section 115BBE.

ITAT Ahmedabad Holds On-Money Receipts from Real Estate Business Taxable as Business Income

ITAT Ahmedabad deleted Rs 11.58 lakh demonetisation cash addition, as the assessee properly explained deposits through recorded cash balance and agricultural income.

Explore Our Blogs

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

Addition Is Unsustainable When Investment Sources Are Properly Verified Despite ITR Reporting Error: ITAT

Genuine Mistake in Form 10 Curable Before Assessment Completion: ITAT

SC Seeks Urgent Filing of Vacant Posts in ITAT

ITAT Mumbai Upholds Rs 2.60 Lakh Addition After Rejecting Unsupported Cash Deposit Explanation

ITAT Ahmedabad Holds On-Money Receipts from Real Estate Business Taxable as Business Income

No Additional Sustainable Cash When Deposits Are Properly Recorded in Books: ITAT