Judgement

ITAT deletes the entire Section 271D penalty, holding that the Assessing Officer (AO) had invoked the wrong provision of the Income Tax Act.

ITAT Cancels Section 271D Penalty on Rs 47.54 Lakh Cash Property Sale Over Invocation of Wrong Income Tax Section

The ITAT Lucknow allows assessee to produce Additional Evidence after finding inadequate opportunity of hearing before CIT(A).

ITAT Remands Capital Gain Addition for Fresh Verification of Eviction and Development Expenses

The ITAT Lucknow directs AO to re-examine exemption claim and additions after giving society an opportunity to furnish evidence.

ITAT Remands Assessments of Education Society for Fresh Verification of Section 10(23C)(iiiad) Exemption 

News

BHEL has received major relief as Telangana GST authorities dropped the Rs 207.26 crore tax demand raised against the company for FY 2022-23.

BHEL Gets Major Relief as GST Department Drops Rs 207.26 Crore Demand for FY 2022-23

The ITAT Lucknow held that Form 10CCB filed before return filing due date is sufficient.

ITAT Rejects Revenue’s Appeal Against Timely Filing of Form 10CCB

Hyderabad's EOW is investigating an alleged Rs 670 crore investment fraud involving around 7,400 investors, with the accused reportedly promising 4% monthly returns through companies including Shares Bazaar Pvt Ltd and Kisaan Parivar Ltd.

Hyderabad Investment Fraud: Man Allegedly Cheats 7,400 Investors of Rs 670 Crore by Promising 4% Monthly Returns

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