Judgement

ITAT upheld the addition of Rs. 8 lakh as unexplained cash deposits made during the demonetisation period due to failure to prove the source.

ITAT Upholds Rs. 8 Lakh Demonetisation Cash Deposit Addition for Failure to Explain Source

The ITAT, after reviewing the case, found no valid justification for the cash deposits, and the addition of Rs. 8 lakhs  was upheld.

ITAT Dismisses Appeal in Cash Deposit Case, Upholds Rs. 8 Lakh Addition

ITAT held that reassessment based solely on third-party Insight Portal information, without independent verification and despite full disclosure by the assessee, is invalid in law and liable to be quashed.

ITAT Held Reassessment Based on Third-Party Information and Borrowed Satisfaction as Invalid

The Tribunal said that the case require further verification, and remanded the case back to the CIT(A).

ITAT Partly Allows Appeal Citing Need for Detailed Verification in Cash Deposit Transaction 

Uploading Unaudited, Director-Unsigned without UDIN in AOC-4 Filings by CA Held as Professional Misconduct

ICAI Reprimands CA for Uploading Unsigned Financial Statements Without UDIN and certifying AOC-4

News

Income Tax Department made a public appeal to curb use of Black Money during Maharashtra Municipal Elections 2025-26

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ITAT Upholds Rs. 8 Lakh Demonetisation Cash Deposit Addition for Failure to Explain Source

ITAT Dismisses Appeal in Cash Deposit Case, Upholds Rs. 8 Lakh Addition

ITAT Held Reassessment Based on Third-Party Information and Borrowed Satisfaction as Invalid

ITAT Partly Allows Appeal Citing Need for Detailed Verification in Cash Deposit Transaction

ICAI Reprimands CA for Uploading Unsigned Financial Statements Without UDIN and certifying AOC-4

Income Tax Department’s Appeal for Public Cooperation Against Black Money in Elections