Judgement

ITAT allowed the deduction, holding that the interest was already taxed through disallowance in the prior years.

ITAT Allows Interest Deduction Under Section 43B to Avoid Double Taxation

News

The Income Tax Department issues intimations to salaried taxpayers for non-disclosure of foreign assets or income, urging them to file revised ITRs for AY 2025-26 by Dec 31.

Income Tax Dept Flags Undisclosed Foreign Assets, Urges Revised ITR Filing by Dec 31, 2025

Section 148 Proceedings Set Aside Where Assessee Fully Disclosed Turnover and Sales in Audited Books

High Court Quashes Reassessment Against Diamond Trader Based on Third-Party Allegations

Backward area excise exemption held capital in nature; operating margins to be recomputed excluding excise and CST benefits

ITAT Allows Excise Duty Incentive as Capital Receipt; TP Issues Remanded for Fresh Adjudication

ITAT deleted an addition made for property purchased below market value as the agreement was executed prior to valuation date.

ITAT Deletes Addition Under Section 56(2)(vii)(b) Based on Prior Agreement Date

ITAT Pune dismissed assessee appeal, upholding Rs 78.70 lakh addition for unproven agricultural income.

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ITAT Allows Interest Deduction Under Section 43B to Avoid Double Taxation

Income Tax Dept Flags Undisclosed Foreign Assets, Urges Revised ITR Filing by Dec 31, 2025

High Court Quashes Reassessment Against Diamond Trader Based on Third-Party Allegations

ITAT Allows Excise Duty Incentive as Capital Receipt; TP Issues Remanded for Fresh Adjudication

ITAT Deletes Addition Under Section 56(2)(vii)(b) Based on Prior Agreement Date

ITAT: Agricultural Income Claim Rejected for Lack of Evidence