Judgement

Bank Valuation Report and DVO Estimates Cannot Justify Massive Additions Under Section 153A in Absence of Search Evidence

ITAT Rejects Valuation-Based Additions in Search Assessment Without Incriminating Material

News

The Income Tax Department releases FAQs explaining deductions allowed under Section 80G for donations, including eligible funds, deduction limits, and others.

Donating to Charity? Here’s How Section 80G Reduces Your Tax Burden

ITAT deleted Rs. 2 crore addition, holding that third-party WhatsApp images and loose notes without independent proof cannot justify an unexplained cash addition.

ITAT Rejects Rs. 2 Crore Cash Addition Merely Based on Third-Party WhatsApp Evidence

ITAT holds each oil well is a separate undertaking for Section 80IB(9), allows higher and additional depreciation

ITAT Allows Section 80IB(9) Deduction Well-wise; Grants Higher Depreciation on Oil Assets

ITAT remands the case for fresh verification, holding that an unsigned sale agreement alone cannot justify capital gains addition without independent proof of actual receipt.

ITAT Remands Case Over Unsigned Sale Agreement; Orders Fresh Verification of Rs. 13 Lakh Receipt

ITAT remands case to re-verify the source of Rs. 1.11 crore cash deposits after admitting new evidence related to the alleged sale of agricultural land.

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ITAT Rejects Valuation-Based Additions in Search Assessment Without Incriminating Material

Donating to Charity? Here’s How Section 80G Reduces Your Tax Burden

ITAT Rejects Rs. 2 Crore Cash Addition Merely Based on Third-Party WhatsApp Evidence

ITAT Allows Section 80IB(9) Deduction Well-wise; Grants Higher Depreciation on Oil Assets

ITAT Remands Case Over Unsigned Sale Agreement; Orders Fresh Verification of Rs. 13 Lakh Receipt

ITAT Remands Rs. 1.11 Crore Cash Deposit Case for Fresh Verification After Admitting Additional Evidence