Judgement

Tribunal rules cash deposits during demonetisation were consistent with business pattern; Section 68 addition unsustainable.

ITAT Deletes Addition of Rs. 20 Lakhs Cash Deposit in SBN; Accepts Regular Cash-Intensive Business Pattern

Tribunal finds cash deposits during demonetisation fully explained and rejects arbitrary GP addition without supporting comparables

ITAT Ahmedabad Deletes Rs. 2.42 Cr Cash Deposit Addition; Restricts GP Estimate to 2.50%

CIT(E) directed to freshly examine charitable objects and activities under amended Section 12AB framework

ITAT Remands 12AB Registration Rejection; Holds Section 13(1)(b) Cannot Be Invoked at Registration Stage

Tribunal rules on multiple appeals of Anupam Industries: ad-hoc disallowance deleted, PF delay disallowance upheld, CENVAT duty allowed, penalty sustained, warranty provision remanded.

CENVAT Penalty Paid Cannot Be Claimed as Business Expense for Income Tax

CIT(A) faulted for rejecting detailed sales evidence without verification; matter sent back for reconsideration

ITAT Ahmedabad Remands Demonetisation Cash Deposit Case for Fresh Verification Under Rule 46A

Articles

Here a comprehensive guide explaining why holding more than one PAN is an illegal activity in India and can lead to massive penalties under Section 139A of the Income Tax Act, 1961.

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ITAT Deletes Addition of Rs. 20 Lakhs Cash Deposit in SBN; Accepts Regular Cash-Intensive Business Pattern

ITAT Ahmedabad Deletes Rs. 2.42 Cr Cash Deposit Addition; Restricts GP Estimate to 2.50%

ITAT Remands 12AB Registration Rejection; Holds Section 13(1)(b) Cannot Be Invoked at Registration Stage

CENVAT Penalty Paid Cannot Be Claimed as Business Expense for Income Tax

ITAT Ahmedabad Remands Demonetisation Cash Deposit Case for Fresh Verification Under Rule 46A

Holding More than One PAN? Know Legal Risks and Heavy Penalties under Section 139A