Judgement

ITAT rules that Section 69A can't be invoked where cash deposits are duly recorded in audited books.

ITAT Relief: Demonetization Cash Treated as Sales, Not Unexplained Income

Tribunal quashes assessments due to consolidated and mechanical approval under Section 153D of the Income Tax Act

Excel forms for ITR-2 and ITR-3 still not released; taxpayers seek clarity as they prepare to file returns before the September 15, 2025 deadline.

Form 10-IEA is filed by individuals and HUFs with business income who want to continue with the old tax regime

30,161 Taxpayers reported foreign assets and income of Rs. 29,208 crores and Rs. 1,089.88 crores in Income Tax Return AY 2024-25