Judgement

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

ITAT dismissed the appeal as withdrawn after the assessee opted not to pursue its challenge against the Rs. 77.64 lakh unexplained cash credit addition for AY 2017-18.

ITAT Allows Withdrawal of Appeal Challenging Rs. 77.64 Lakh Unexplained Cash Credit Addition in Scrap Sale Deposits Case

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.

How to Get Your Free Annual Credit Report in India

A 71-year-old woman from Krishnagiri has alleged that her Aadhaar and PAN details were misused to create a fake GST registration, resulting in Rs 2.53 crore in tax dues and the freezing of her bank account.

Rs 2.53 Crore GST Fraud: 71-Year-Old Woman Says Aadhaar, PAN Were Misused

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

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


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

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

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