Judgement

The ITAT Bangalore held BSNL VRS compensation qualifies for Section 10(10B) exemption.


ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation 

The ITAT Bangalore held BSNL VRS compensation qualifies for Section 10(10B) exemption.

ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation

ITAT Pune has upheld a Rs 4.50 lakh addition under Section 69A after the assessee failed to prove the source of cash deposits made in his HDFC Bank account

ITAT Rejects Appeal, Confirms Rs 4.50 Lakh Addition as Unexplained Cash After Assessee Fails to Prove Source of Deposits

The Income Tax Department has made Form 1 under FAST-DS 2026 available on the e-filing portal, allowing eligible taxpayers to voluntarily disclose previously undisclosed foreign assets and income by Dec 31, 2026.

Undisclosed Foreign Assets? Income Tax Department Activates Form 1 under FAST-DS 2026 on E-Filing Portal

The ITAT Bangalore holds registration under Karnataka Souharda Sahakari Act does not bar Section 80P benefit.


ITAT Holds Karnataka Souharda Sahakari Eligible for Section 80P Deduction on Credit Facility Income

The ITAT Bench has set aside a Rs 11.48 crore addition on securities and mutual fund transactions, directing the AO to conduct a fresh assessment after proper verification and a meaningful hearing.

ITAT Sets Aside Rs 11.48 Crore Capital Gains Addition, Remands Case for Fresh Adjudication After Finding Lack of Hearing Opportunity

ICAI has clarified that recent social media allegations about its governance and functioning are false and misleading, places all the correct facts on record. 

ICAI Rejects ‘False and Misleading’ Social Media Posts, Clarifies Council Decision-Making and Governance Practices

The ITAT Bangalore directed CIT(E) to reconsider Section 80G Approval.

ITAT Remands 80G Approval Application to CIT(E) After Denial Without Granting Adjournment

The ITAT held that AO cannot treat entire bank deposits as Income without examining business records.

ITAT Remands Rs 1.36 Crore Cash Deposit Addition for Fresh Assessment

The ITAT Bangalore ruled revisionary order is issued after expiry of statutory limitation.

ITAT Quashes Section 263 Revision as Time-Barred

The ITAT Mumbai holds Revenue cannot treat entire transaction value as Unexplained Investment without specific evidence.

ITAT Holds Client Code Modification Alone Cannot Justify Section 69 Addition

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

Gujarat High Court quashes a GST show-cause notice (SCN) over the levy of GST on a licence or lease of land, following settled judicial precedent.

Gujarat High Court Quashes Show-Cause Notice Concerning Levy of GST on Land License/Lease

CA Madhukar Narayan Hiregange has resigned from the 26th Council of ICAI, with the resignation notified under Section 13(1) of the Chartered Accountants Act, 1949.

ICAI Notifies Resignation of CA Madhukar Narayan Hiregange

Learn how to get your free annual credit report in India, check for errors, and dispute mistakes before they affect your next loan application.

ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation :

ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation

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