Judgement

Just because money was deposited during demonetization does not mean it is unexplained without proof.

Demonetisation Cash Deposits Cannot be Doubted if ITR Filed u/s 44AD: ITAT

The Income Tax Department has released the Excel utilities and Schemas for ITR-2 and ITR-3. Check related details below.

Tribunal quashes revision under Section 263; holds no disallowance under Section 14A when no exempt income earned.

ITAT Mumbai allows ACG Pam Pharma to claim Section 80G deduction on CSR donation, quashing PCIT's revision under Section 263.

Tribunal holds assessment order invalid as passed beyond limitation under Section 144C(13); other grounds left open.

The Income Tax Department has introduced the Annual Information Statement (AIS) to help people see all their financial transactions in one place.