Judgement

ITAT held that a delayed Form 67 filing cannot deny a foreign tax credit if the required conditions are met.

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67

The ITAT Ahmedabad upholds a Rs 10.91 lakh addition on unrecorded job work transactions by applying an 8% profit rate.

ITAT Upholds Rs 10.91 Lakh Addition on Unrecorded Job Work Transactions at 8% Profit Rate

The ITAT Ahmedabad holds investment recorded in books and supported by evidence cannot be added merely for explanation


ITAT Holds Documented Sources Cannot Be Treated as Unexplained Investment

ITAT Pune condones 494-day delay and directs CIT(A) to decide Builders’ Rs 73.70 lakh tax appeal on merits.

494-Day Delay Condoned: ITAT Pune Directs CIT(A) to Reconsider Tax Appeal

ITAT condones 52-day delay in Section 270A penalty appeal and directs CIT(A) to decide penalty and quantum appeals together.

ITAT Restores Section 270A Penalty Dispute for Fresh Adjudication After Condoning 52-Day Delay

The ITAT Ahmedabad upheld the addition towards unrecorded job work transactions found at assessee’s premises 


ITAT Upholds 8% Profit Addition on Unrecorded Job Work Transactions Found in Loose Papers

ITAT Pune restores HUF’s appeal against the Rs 20 lakh unexplained income addition, granting a fresh hearing before the CIT(A).

ITAT Grants HUF Fresh Opportunity to Contest Rs 20 Lakh Unexplained Income Addition After CIT(A) Dismissal

The ITAT Bangalore has allowed tax exemption on BSNL VRS retrenchment compensation and eligible leave encashment, granting major relief to retired employees.

 ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

Don't rely on an ITR deadline extension. File early to avoid errors, penalties, and refund delays.

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

The Income Tax Department has uncovered a Rs 65.5 crore fake tax refund scam involving bogus deduction claims under Section 80GGC. 

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

A professional's viral post about paying nearly Rs 1 crore in taxes but receiving no support after being laid off has reignited the debate on social security and taxpayer benefits in India.

Professional’s Viral Post on Rs 1 Crore Tax Sparks Debate on India’s Social Security

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

ITAT remands the case for fresh review, giving the taxpayer another chance to explain the source of funds for his Rs 60.99 lakh property purchase.

Rs 39.72 Lakh Tax Addition: ITAT Gives NRI Taxpayer Fresh Chance to Explain Investment

The ITAT Ahmedabad restored appeal for fresh adjudication after CIT(A) dismissed it without examining merits


ITAT Remands Rs 92 Lakh Capital Gain Addition to CIT(A)

ITAT remands Trust’s Section 12AB registration application for fresh consideration after noting that relevant documents were already submitted in parallel 80G proceedings.

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67:

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67

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