Judgement

ITAT deletes Section 56(2)(vii)(b) addition, holding that the 6.2% difference between the stamp duty value and actual property purchase price falls within the permissible 10% tolerance limit.

ITAT Deletes Section 56(2)(vii)(b) Addition on Property Purchase, Holds Property Price Difference Within 10% Tolerance Limit

ITAT set aside the CIT(A) order, giving the taxpayer a fresh opportunity to explain the source of the Rs 20.90 lakh property investment.

Rs 20.90 Lakh Property Investment Dispute: ITAT Pune Sets Aside CIT(A) Order, Gives Taxpayer Fresh Chance to Prove Source

News

RTCA requests income tax authorities to extend the due date for furnishing Tax Audit Reports and Forms 10B/10BB for Assessment Year (AY) 2026-27 to October 31, 2026.

RTCA Urges Government to Extend Due Date for Filing Tax Audit Reports and Forms 10B/10BB for AY 2026-27 Until Oct 31

The CBI Court in Ahmedabad has convicted Kushal Diamonds Ltd. and two of its directors in a criminal conspiracy and cheating case involving financial assistance from NSIC.

CBI Court Convicts Private Company and Two Directors in Criminal Conspiracy and Cheating Case

The ITAT Ahmedabad held that PCIT Cannot Invoke Section 263 Merely Because Assessment Order Is Silent.

ITAT Sets Aside Section 263 Revision Where AO Had Examined Deduction Claim Under Section 57

The ITAT Bangalore gives opportunity to co-operative society to explain cash deposits  claimed as member loan repayment.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Deletes Section 56(2)(vii)(b) Addition on Property Purchase, Holds Property Price Difference Within 10% Tolerance Limit

Rs 20.90 Lakh Property Investment Dispute: ITAT Pune Sets Aside CIT(A) Order, Gives Taxpayer Fresh Chance to Prove Source

RTCA Urges Government to Extend Due Date for Filing Tax Audit Reports and Forms 10B/10BB for AY 2026-27 Until Oct 31

CBI Court Convicts Private Company and Two Directors in Criminal Conspiracy and Cheating Case

ITAT Sets Aside Section 263 Revision Where AO Had Examined Deduction Claim Under Section 57

ITAT Remands Cash Deposit Addition to AO for Fresh Examination Under Section 69A