Judgement

ITAT has given the taxpayer another opportunity to explain bank deposits and interest income by remanding the case for a fresh assessment.

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

ITAT quashes Rs 42.49 lakh penalty under Section 270A after setting aside the underlying income additions for fresh assessment.

ITAT Cancels Rs 42.49 Lakh Penalty Under Section 270A After Setting Aside Income Additions for Fresh Assessment

ITAT reduced the income estimation on Rs 1.42 crore liquor business turnover to 11% and deleted the separate Rs 6 lakh addition for demonetisation-period cash deposits.


ITAT Slashes Profit Rate from 20% to 11% on Rs 1.42 Crore Liquor Turnover, Deletes Separate Rs 6 Lakh Demonetisation Addition

ITAT remands Rs 6.73 lakh TDS credit dispute to the AO for fresh verification of Form 26AS receipts and expense reimbursements.

ITAT Restores TDS Credit Case After Finding Merit in Reimbursement Explanation

The ITAT Ahmedabad Holds Group-Company Advisory Transactions Lacked Commercial Substance.


ITAT Rejects Business Loss Claim Over Colourable Advisory Arrangement

The 57th GST Council meeting will discuss possible reforms to simplify GST registration and cancellation processes.

57th GST Council Meeting on September 12: Registration Reforms on Agenda

ITAT deleted the Rs 12.62 lakh Section 68 addition and directed the AO to allow the LTCG exemption after finding no transaction-specific evidence of price manipulation or accommodation entry.

ITAT Allows Section 10(38) LTCG Exemption and Deletes Rs 12.62 Lakh Penny Stock Addition After Finding No Evidence of Accommodation Entry

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 Mumbai ruled additional evidence on SEZ Unit Formation to be examined.

 ITAT Remands Section 10AA Deduction and Transfer Pricing Dispute For Fresh Adjudication

ITAT deleted the Rs 8.56 lakh addition under Section 56(2)(vii)(b), holding that the DVO’s valuation of the jointly purchased property matched the actual purchase price.

ITAT Deletes Rs 8.56 Lakh Addition, Holds Same Property Cannot Have Different Valuations for Joint Owners

The MCA has extended the due date for the Companies Compliance Facilitation Scheme, 2026, upto September 15, 2026, providing companies extra time to clear their backlogs. 

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits:

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

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