Judgement

Tribunal affirms depreciation relief but reverses deletion of 4 crore addition on share sale; says agreement terms are clear and binding

Income Tax: ITAT Says Leasehold Improvements Eligible for Depreciation

ITAT: Regional Rural Bank Entitled to Section 80P Deduction; Reassessment Objections Partly Allowed

Regional Rural Bank Wins: ITAT Allows 80P Deduction, Declines to Uphold Reassessment

News

The user filed ITR for his retired mother and father around 1 PM, and by 4 PM the same day, both returns were processed, and the refund amounts were also credited to their bank accounts.

Parents Got ITR Refund in Just 3 Hours: Son’s Post Praising Income Tax Department Goes Viral

ITAT quashes reassessment; holds absence of valid satisfaction, incriminating material, and limitation bar fatal under Section 153C

ITAT: Reassessment Under Section 153C Can’t Be Based on Diary Alone

Income Tax: ITAT Crushes Section 153C Reassessments Based on Dead Man’s Diary

Three TDS refund frauds in Maharashtra exposed misuse of PAN details and tax laws to illegally claim income tax refunds in Gondia and Nagpur.

Fake PANs and Bogus Returns: Inside Maharashtra’s Growing TDS Refund Scam

ITAT deletes Rs. 15.10 lakh addition, holding time gap alone insufficient to treat cash re-deposit as unexplained income

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Income Tax: ITAT Says Leasehold Improvements Eligible for Depreciation

Regional Rural Bank Wins: ITAT Allows 80P Deduction, Declines to Uphold Reassessment

Parents Got ITR Refund in Just 3 Hours: Son’s Post Praising Income Tax Department Goes Viral

Income Tax: ITAT Crushes Section 153C Reassessments Based on Dead Man’s Diary

Fake PANs and Bogus Returns: Inside Maharashtra’s Growing TDS Refund Scam

Demonetization Cash Deposits from Prior Withdrawals Can’t Be Taxed Just for Time Gap: ITAT