Judgement

Mobilisation advance not unexplained credit where transaction properly substantiated

ITAT Deletes Rs. 10.20 Crore Addition on Mobilisation Advance, Grants TDS Relief

The Tribunal deletes Rs 6.70 lakh Sec. 69A addition, accepting assessee’s explanation that demonetisation cash deposits were from wedding funds and deceased mother’s savings.

ITAT: Validates Cash Deposits During Demonetisation Sourced From Assessee’s Deceased Mother; Deletes Sec. 69A Addition

Court quashes decades-old tax demands, citing delay and absence of supporting records by Revenue

Old Tax Demands Invalid Without Records; High Court Applies Doctrine of Laches

Supreme Court upholds HC ruling quashing Section 153C notice due to 22-month delay in recording satisfaction note

SC Dismisses Revenue SLP; Upholds Quashing of Delayed Section 153C Notice

Court refuses to condone delay, finds no sufficient cause for belated filing by Revenue

SC Rejects 359-Day Delay, Dismisses Revenue SLP as Time-Barred

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ITAT Deletes Rs. 10.20 Crore Addition on Mobilisation Advance, Grants TDS Relief

ITAT: Validates Cash Deposits During Demonetisation Sourced From Assessee’s Deceased Mother; Deletes Sec. 69A Addition

Old Tax Demands Invalid Without Records; High Court Applies Doctrine of Laches

SC Dismisses Revenue SLP; Upholds Quashing of Delayed Section 153C Notice

SC Rejects 359-Day Delay, Dismisses Revenue SLP as Time-Barred

Major Changes Introduced to ITR -1 Form; Effective AY 2026-27