Judgement

The ITAT Mumbai held that exempt dividend can not be treated as taxable only if not disclosed in Schedule EI


ITAT Rules Mere Omission to Report Exempt Dividend Cannot Convert Tax-Exempt Income into Taxable Income

The ITAT Mumbai Rules Cash Deposits During Demonetisation Cannot Be Treated as Unexplained Cash Credit When Supported by Evidence 



ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition 

The Tribunal quashed the reassessment after finding the AO made no addition on the recorded reason for reopening.

ITAT Quashes Reassessment as AO Makes No Addition on Reopening Issue

The ITAT Chennai held mere observation that penalty 'Will be Initiated Separately' does not constitute valid satisfaction under Section 271(1)(c)


ITAT Quashes Penalty as AO Failed to Validly Initiate Proceedings During Assessment

ITAT ruled that unverified WhatsApp chats and uncorroborated statements cannot justify a tax addition under Section 69A.

ITAT Deletes Rs 34.20 Lakh Tax Addition Based on Unverified WhatsApp Chats

News

The Govt has proposed amendments to the Payment and Settlement Systems Act and the Income-tax Act to simplify digital payment compliance and provide greater flexibility for foreign investment funds.

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ITAT Rules Mere Omission to Report Exempt Dividend Cannot Convert Tax-Exempt Income into Taxable Income

ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition

ITAT Quashes Reassessment as AO Makes No Addition on Reopening Issue

ITAT Quashes Penalty as AO Failed to Validly Initiate Proceedings During Assessment

ITAT Deletes Rs 34.20 Lakh Tax Addition Based on Unverified WhatsApp Chats

Govt Proposes Major Amendments to Payment and Settlement Systems Act, 2007, and Income Tax Act, 2025