Judgement

The ITAT remanded the alleged bogus purchase case for fresh examination after finding unclear factual findings in the CIT(A)’s order restricting the addition to 12.5%.

ITAT Sets Aside Order Restricting Addition to 12.5% on Alleged Hawala Purchases; Remands Matter for Re-Verification

Member deposits and cash collections cannot be treated as unexplained credits in mutual benefit society.

ITAT Deletes Rs. 4.67 Crore Section 68 Addition Against Cooperative Credit Society

Retailer’s cash deposits during December 2016 held explained by recorded cash sales and sufficient cash balance

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

ITAT favoured the assessee by deleting the capital gains addition, as the reassessment notice was invalid and improperly served, and proceedings lacked jurisdiction.

Reassessment proceedings void if notice not properly served and income already disclosed in ITR

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Draft Income-tax Rules 2026 introduce stricter reporting of high-value credit card payments, PAN requirements and more.

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ITAT Sets Aside Order Restricting Addition to 12.5% on Alleged Hawala Purchases; Remands Matter for Re-Verification

ITAT Deletes Rs. 4.67 Crore Section 68 Addition Against Cooperative Credit Society

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

Reassessment proceedings void if notice not properly served and income already disclosed in ITR

Five Important Credit Card Rules You Must Know Under Draft Income-tax Rules 2026

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine