Judgement

The ITAT granted partial relief to Moradabad Zila Sahkari Bank by allowing key deductions, preventing double taxation, and permitting ex-gratia payments as business expenditure.

ITAT Grants Major Relief to Moradabad Zila Sahkari Bank in Tax Appeals

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

ITAT Ahmedabad deletes Rs 9.66 lakh disallowance, ruling that Section 195 TDS does not apply to foreign agents’ commission for services rendered outside India.

ITAT Deletes Rs 9.66 Lakh Disallowance on Foreign Commission, Holds TDS Under Section 195 Not Applicable Where Services Rendered Outside India

ITAT remands Rs 2.35 crore Section 40(a)(i) disallowance to CIT(A), directing fresh consideration alongside the pending TDS appeal.

ITAT Remands Section 40(a)(i) Disallowance Dispute to CIT(A) Over Rs 2.35 Crore Payment to Singapore Firm

ITAT directed the Income Tax Department to grant Rs 14.32 lakh Foreign Tax Credit for taxes paid in Kenya, holding that delayed Form 67 filing cannot deny genuine tax relief.

ITAT Allows Rs 14.32 Lakh Foreign Tax Credit, Holds Delay in Filing Form 67 Cannot Deny Genuine Relief for Taxes Paid in Kenya

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 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 Grants Major Relief to Moradabad Zila Sahkari Bank in Tax Appeals:

ITAT Grants Major Relief to Moradabad Zila Sahkari Bank in Tax Appeals

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