Judgement

The Tribunal referred to a Supreme Court ruling that clearly states that if such payments are made after the due date under PF/ESI laws, they cannot be allowed as a deduction, even if they were paid before filing the return.

Delayed PF/ESI Employee Contributions Cannot be Allowed for Deduction Even if Paid Before Return Filing: ITAT

HC ruled that real estate developers must tax rental income from unsold stock as House Property income, not Business Income.

HC Rules Rental Income from Unsold Inventory Taxable as 'Income from House Property'

The tribunal noted that the assessee had filed the details of the cash deposits to substantiate his claim. Therefore, the addition was deleted.

ITAT Deletes Addition of Cash Deposits on account of agricultural income made During Demonetization

ITAT held that reassessment beyond three years is invalid if the alleged escaped income does not exceed the statutory Rs 50 lakh threshold under Section 149(1)(b).

Income Tax Section 149: Escaped Income Refers to Real Income, Not Gross Transactions

High Court ruled that Section 8B of the Agricultural Income Tax Act applies to income from the 2008-09 financial year.

HC Upholds Validity of Section 8B for Assessment Year 2009-10

ITAT Mumbai remands Shilpa Shetty’s Rs. 12.54 crore gift case to the Assessing Officer for fresh examination, citing lack of proof of genuineness and creditworthiness under Section 68

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Delayed PF/ESI Employee Contributions Cannot be Allowed for Deduction Even if Paid Before Return Filing: ITAT

HC Rules Rental Income from Unsold Inventory Taxable as 'Income from House Property'

ITAT Deletes Addition of Cash Deposits on account of agricultural income made During Demonetization

Income Tax Section 149: Escaped Income Refers to Real Income, Not Gross Transactions

HC Upholds Validity of Section 8B for Assessment Year 2009-10

ITAT Remands Rs. 12.54 Cr Gift Case of Shilpa Shetty to AO for Fresh Examination