Judgement

Tribunal deletes penalty; holds AO’s failure to specify concealment or inaccurate particulars vitiates proceedings.

Penalty Proceedings Vitiated Due to Defective Show-Cause Notice: ITAT

Tribunal upholds deletion of 2.22 crore addition; holds cash deposits reflected genuine sales duly recorded in books.

The taxpayers investing in these specified bonds of IREDA can claim exemption under the said section.

HC holds tax disputes settled under Vivad se Vishwas cannot be reopened via Section 154 rectification; directs refund with statutory interest.

Court declines to answer question on Section 69C addition to labour payments; appeal withdrawn without adjudication

Finally, after a long time, the department has now released the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26.