Judgement

The ITAT deletes the Section 68 addition after accepting PAN details, confirmations, and banking records furnished.

Ahmedabad ITAT Grants Relief in Unsecured Loan Addition Dispute Under Section 68

ITAT deleted a concealment penalty on a senior citizen, accepting her genuine reliance on a tax consultant as a reasonable cause for not filing the income tax return on time.

Senior Citizen Taxpayer Gets Relief as ITAT Accepts Reasonable Cause for Non-Filing of Return

The ITAT held that cash deposits made from genuine business sales during demonetisation cannot be treated as unexplained income under Section 69A merely because they involved old currency notes.

Cash Deposits Cannot Be Treated as Unexplained Income Merely for Accepting Old Currency, Rules ITAT

The ITAT deletes the Section 271D penalty due to the absence of an assessment stage satisfaction finding.

ITAT Ahmedabad Deletes Rs 1.01 Crore Penalty Under Section 271D for Alleged Cash Deposits

The ITAT Ahmedabad granted major relief to a farmer by accepting his documented agricultural income claim and deleting an arbitrary tax addition of Rs 11.47 lakh.

ITAT Ahmedabad Says Agricultural Income Cannot Be Taxed Without Proper Basis

The ITAT Bangalore held that GST refunds cannot be taxed under the exclusive accounting method and that duplicate CPC additions leading to double taxation are unsustainable in law.

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Ahmedabad ITAT Grants Relief in Unsecured Loan Addition Dispute Under Section 68

Senior Citizen Taxpayer Gets Relief as ITAT Accepts Reasonable Cause for Non-Filing of Return

Cash Deposits Cannot Be Treated as Unexplained Income Merely for Accepting Old Currency, Rules ITAT

ITAT Ahmedabad Deletes Rs 1.01 Crore Penalty Under Section 271D for Alleged Cash Deposits

ITAT Ahmedabad Says Agricultural Income Cannot Be Taxed Without Proper Basis

GST Refunds Not Taxable Under Exclusive Accounting Method: ITAT Quashes Rs 223.40 Crore Tax Demand