Judgement

ITAT Mumbai held that TUV SUD's audit and certification service income is not taxable as FTS and dismissed the Revenue's appeal.

ITAT: German Company’s Audit Service Income Not Taxable as FTS in India

Delhi ITAT deletes Rs 2.13 crore Section 68 addition after finding that the loan transactions were supported by sufficient evidence and routed through banking channels.

ITAT Deletes Rs 2.13 Crore Addition Under Section 68, Grants Major Tax Relief

The ITAT held that cash deposited during demonetisation was part of the assessee's business turnover and directed the AO to estimate income at a 6% net profit rate.

Cash Deposited During Demonetisation Cannot Be Taxed Under Section 69A if Linked to Business, Holds ITAT 

The Tribunal dismissed the Revenue's appeal after ruling that the quashing of the substantive assessment left no basis for the protective addition.

ITAT: Protective Addition Cannot Survive After Substantive Assessment Is Quashed

The ITAT Delhi has held that a reassessment completed without issuing the mandatory notice under Section 143(2) is void in law. 

ITAT Rules That Reassessment Proceedings Invalid Without Mandatory Notice under Section 143(2)

ITAT has remanded the Rs 8.12 crore cash withdrawal disallowance case to the AO for fresh assessment after granting the assessee another opportunity to explain the transactions.

ITAT Remands Rs 8.12 Crore Cash Withdrawal Disallowance Case to AO for Fresh Assessment

The ITAT condoned a 1,731-day delay and remanded its Section 12A registration application for fresh consideration, citing bona fide reasons and COVID-19-related difficulties.

ITAT Condones 1,731-Day Delay, Remands Cancer Trust's Section 12A Registration Application for Fresh Consideration

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 deleted Section 68 addition, holding that unsecured loan amounts directly paid to the Haryana Mining Department through banking channels do not require examination of identity or creditworthiness.

ITAT Says Identity and Creditworthiness Irrelevant Where Loan Was Directly Paid to Haryana Mining Department

ITAT sets aside the NFAC order and grants the assessee a fresh opportunity to substantiate claims relating to alleged suppressed sales and commission expenses.

ITAT Allows Fresh Opportunity in Dispute Over Suppressed Sales and Commission Expenses

ITAT held that fresh applications for registration under Sections 12AB and 80G must be independently examined and cannot be rejected solely because an earlier application was denied.

ITAT: German Company’s Audit Service Income Not Taxable as FTS in India:

ITAT: German Company’s Audit Service Income Not Taxable as FTS in India

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