Judgement

ITAT upheld the Rs 1.59 lakh notional rent addition on a vacant Hyderabad flat and dismissed the assessee’s appeal.

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

ITAT restored AY 2014-15 tax case to the AO for fresh assessment after finding that the CIT(A) had not adjudicated all grounds on merits, subject to a Rs 10,000 payment and fresh hearing.

Natural Justice Prevails: ITAT Sets Aside Ex Parte Proceedings, Orders Fresh Assessment Despite Taxpayer's Repeated Non-Compliace 

ITAT deleted the fruit sales addition after finding that the AO had relied on an earlier Khatoni despite corrected land records showing no discrepancy in fruit-bearing trees.

ITAT Quashes Rs 6.43 Lakh Fruit Sales Addition, Finds AO Relied on Earlier Khatoni Despite Corrected Land Records

ITAT has directed fresh verification of capital gains claim after finding that a typographical error may have led to Rs 13.68 lakh of excess income being disclosed in the ITR.

Genuine Typographical Mistake in Capital Gains Can Be Examined Under Section 154, Holds ITAT

A Mangaluru man lost Rs 3.81 lakh after fraudsters falsely promised him an Rs 8 lakh Kerala Lottery prize and demanded tax payments.

Mangaluru Man Duped of Rs 3.81 Lakh in Fake Kerala Lottery Scam After Fraudsters Promise Rs 8 Lakh Prize

The ITAT grants assessee a fresh opportunity to prove source of Rs 2.12 Crore cash deposits during Demonetisation.

ITAT Remands Demonetisation Cash Deposit Addition for Fresh Adjudication 

ITAT has restored the Rs 86.51 lakh unexplained mutual fund investment addition for fresh assessment, allowing the assessee an opportunity to prove that the investment came from earlier mutual fund redemptions.

Double Taxation Claim Over Mutual Fund Redemption Prompts ITAT Fresh Assessment in Rs 86.51 Lakh Unexplained Investment Case

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

The ITAT Ahmedabad ruled CIT(E)’s denial of renewal based on Diamond Bourse’s commercial activities was erroneous. 

ITAT Allows Renewal of 12A Registration And Holds Objects Charitable Under Section 2(15)

The ITAT remands the Rs 3.35 crore unexplained cash deposits and withdrawals case for fresh consideration after observing that both the CIT(A) and AO had passed ex parte orders. 

ITAT Grants One More Opportunity in Rs 3.35 Crore Unexplained Money Case After CIT(A) and AO Both Decide Ex Parte

ITAT condoned the 50-day delay, admitted additional evidence, and remanded the matter to the AO for fresh consideration.

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal:

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

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