Judgement

The ITAT held that a written loan agreement or repayment of loan and interest are not essential ingredients for establishing the genuineness of the loan transaction.

Big Section 68 Relief: ITAT Says Written Loan Agreement or Interest Not Essential to Prove Loan Genuineness

Tribunal holds that once the basis of reopening fails, Assessing Officer cannot make additions on unrelated issues.

ITAT Delhi Quashes Reassessment Addition Where Original Reopening Ground Was Dropped

Articles

Know the common reasons for delayed tax refunds in 2026 and how to check and resolve them quickly.

Six Common Reason of Late Tax Refunds and How to Solve Them

Repair and overhaul services under Smart Parts Q400 Agreement do not satisfy “make available” test under India-Canada DTAA

ITAT Delhi Holds Aircraft Maintenance Receipts Not Taxable as FTS/FIS in India

The ITAT agreed with the CIT(A) that non-maintenance of the item-wise stock register alone cannot be the only reason to reject books.

AO Cannot Reject Books of Accounts Solely for Non-Maintenance of Stock Register: ITAT

ITAT deleted interest disallowance, holding that advances to other business were part of regular business transactions and not proved to be from borrowed funds.

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Big Section 68 Relief: ITAT Says Written Loan Agreement or Interest Not Essential to Prove Loan Genuineness

ITAT Delhi Quashes Reassessment Addition Where Original Reopening Ground Was Dropped

Six Common Reason of Late Tax Refunds and How to Solve Them

ITAT Delhi Holds Aircraft Maintenance Receipts Not Taxable as FTS/FIS in India

AO Cannot Reject Books of Accounts Solely for Non-Maintenance of Stock Register: ITAT

ITAT Deletes Rs 75.61 Lakh Interest Disallowance for Interest-Free Business Advances