Judgement

ITAT upheld the PCIT’s Section 263 revision order for the AO’s failure to properly verify suspected bogus purchases and red-flagged suppliers.

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

News

CBI has arrested two accused in a Rs 11.42 crore digital arrest case in Gujarat and searched 22 premises across 10 states under Operation Chakra VI.

CBI Arrests Two in Rs 11.42 Crore Cyber Fraud Network, Raids 22 Premises in 10 States under Operation Chakra VI

Vigilance raids on a GST Joint Commissioner’s premises in Kochi lead to the seizure of Rs 14.10 lakh in unaccounted cash and $788 amid a disproportionate assets probe.

Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash

The ITAT Kolkata deleted a Rs 20 lakh addition made under Section 68 towards share application money received from M/s Evergreen Barter Pvt. Ltd.

ITAT Holds Share Capital Addition Unsustainable Where Assessee Furnished ITR

The ITAT Kolkata holds Stamp Value cannot be substituted for actual property consideration without referring matter to DVO.

ITAT Restricts Section 56(2)(x) Addition to Rs 13.23 Lakh After DVO Values Property at Rs 1.74 Crore

The ITAT Delhi held deduction cannot be denied solely for delayed submission when the form was available before processing of return.


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ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

CBI Arrests Two in Rs 11.42 Crore Cyber Fraud Network, Raids 22 Premises in 10 States under Operation Chakra VI

Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash

ITAT Holds Share Capital Addition Unsustainable Where Assessee Furnished ITR

ITAT Restricts Section 56(2)(x) Addition to Rs 13.23 Lakh After DVO Values Property at Rs 1.74 Crore

ITAT Allows Section 80JJAA Deduction Despite Belated Form 10DA Filing