Judgement

The ITAT ruled in favour of a retired government officer, deleting unjustified additions made for cash deposits during demonetisation, citing valid explanations from gratuity and loan repayments.

ITAT Quashes Income Tax Addition for Cash Deposits During Demonetisation; Retired Officer Wins Relief

Notifications

CBDT has notified Karnataka Housing Board for income tax exemption under Section 10(46A) of Income-tax Act, effective from Assessment Year 2024-25.

CBDT Issues Notification Granting Tax Relief to Karnataka Housing Board

The Tribunal held that the order dated 02.03.2022 is bad in law and the adjustment made in the order issued under Section 154 is beyond the scope of the provisions of Section 154.

ITAT Quashes Rectification Order for Being Beyond the Scope of Section 154

News

IT Dept has withdrawn its long-pending Rs. 8,500 crore transfer pricing case against Vodafone India, ending a decade-old tax dispute after years of legal inactivity.

Income Tax Department Withdraws Rs. 8,500 Crore Tax Case Against Vodafone India

The ITAT Delhi allows the appeal, holding that salary disallowance and additions based on uncertified WhatsApp chats are unjustified and lack proper evidentiary support.

Income Tax Addition Based on WhatsApp Messages Invalid: ITAT

ITAT Delhi upheld the deletion of Rs. 8.3 crore addition, ruling that cash deposits during demonetisation were linked to genuine sales and not unexplained income.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Quashes Income Tax Addition for Cash Deposits During Demonetisation; Retired Officer Wins Relief

CBDT Issues Notification Granting Tax Relief to Karnataka Housing Board

ITAT Quashes Rectification Order for Being Beyond the Scope of Section 154

Income Tax Department Withdraws Rs. 8,500 Crore Tax Case Against Vodafone India

Income Tax Addition Based on WhatsApp Messages Invalid: ITAT

Cash Deposits During Demonetisation Not Taxable when Books & Stock Are Intact: ITAT