Articles

September 15, 2026, is the last date for eligible taxpayers to pay the second instalment of advance tax for FY 2026-27, with cumulative payment required to reach 45% of the estimated annual liability.

Advance Tax Second Instalment Due Tomorrow: Taxpayers Must Pay 45% by September 15

Judgement

The ITAT Ahmedabad holds cash returned by Housewife to Father-in-Law cannot be treated as Unexplained Expenditure.



ITAT Allows Telescoping Benefit on Family Cash Transactions 

The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection 


ITAT Holds Suspicion Cannot Substitute Evidence 

The ITAT Ahmedabad finds no proper basis for applying 8% profit rate on entire bank credits


ITAT Remands Petrol Pump Income Case for Fresh Examination Over Unjustified 8% Profit Estimation

ITAT condoned a 690-day delay and deleted Rs 9.20 lakh in foreign travel and other expense disallowances while remanding a Rs 4.36 lakh Form 26AS mismatch for fresh verification.

ITAT Deletes Rs 6.42 Lakh Spousal Reimbursement Disallowance, Grants Relief on Rs 9.20 Lakh Foreign Travel Expenses

News

CBI Court has convicted ex-Cotton Corporation of India officer and his wife in a disproportionate assets case, sentencing them to five and four years of RI, respectively.

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Advance Tax Second Instalment Due Tomorrow: Taxpayers Must Pay 45% by September 15

ITAT Allows Telescoping Benefit on Family Cash Transactions

ITAT Holds Suspicion Cannot Substitute Evidence

ITAT Remands Petrol Pump Income Case for Fresh Examination Over Unjustified 8% Profit Estimation

ITAT Deletes Rs 6.42 Lakh Spousal Reimbursement Disallowance, Grants Relief on Rs 9.20 Lakh Foreign Travel Expenses

CBI Court Sentences Ex-Cotton Purchase Officer to Rigorous Imprisonment for 5 Years in Rs 94 Lakh DA Case