Judgement

ITAT Kolkata deleted the entire Rs. 12.71 lakh cash deposit addition after accepting the legal heir’s explanation and evidence on the source of funds.

ITAT Deletes Entire Rs. 12.71 Lakh Addition in Legal Heir’s Appeal; Holding Cash Deposits Were Fully Explained

Articles

New Tax Regime in 2026 offers middle-income earners higher tax-free limits and simpler rules, helping them save significantly on income tax.

Budget 2026: How New Tax Regime is Changing Income Tax for Middle-Income Earners

News

Mustafizur Rahman’s Rs. 9.20 crore IPL 2026 contract and what his actual take-home earnings would have been after Indian tax and DTAA impact.

Rs. 9.20 Crore IPL Contract: What Mustafizur Rahman Lost After KKR Exit

Rs. 9.20 Crore IPL Contract: What Mustafizur Rahman Would Have Earned Without KKR Exit

The Tribunal said that applying a G.P. rate to calculate only the profit embedded in the unaccounted sales was the correct method.

Only Profit From Undisclosed Sales Must be Taxed Instead of Entire Sale: ITAT Upholds CIT(A)'s Order

ITAT held that the Rs. 1.62 crore adjustment made under Section 143(1) without reasons or notice was illegal and deleted the addition, fully allowing the company’s appeal.

ITAT Quashes Rs. 1.62 Crore Adjustment Made Without Giving Proper Reason or Issuance of Notice

Rising adoption of the new tax regime could shape further income tax changes in Budget 2026

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ITAT Deletes Entire Rs. 12.71 Lakh Addition in Legal Heir’s Appeal; Holding Cash Deposits Were Fully Explained

Budget 2026: How New Tax Regime is Changing Income Tax for Middle-Income Earners

Rs. 9.20 Crore IPL Contract: What Mustafizur Rahman Would Have Earned Without KKR Exit

Only Profit From Undisclosed Sales Must be Taxed Instead of Entire Sale: ITAT Upholds CIT(A)'s Order

ITAT Quashes Rs. 1.62 Crore Adjustment Made Without Giving Proper Reason or Issuance of Notice

Union Budget 2026: Middle-Class Tax Relief May Continue as New Tax Regime Gains Ground