Cooperative Bank Claimed Rs. 2.22 Crore Dividend Exemption Under Wrong Section; ITAT Allows Deduction Under Section 80P(2)(d)

Cooperative Bank Claimed Rs. 2.22 Crore Dividend Exemption Under Wrong Section; ITAT Allows Deduction Under Section 80P(2)(d) The Income Tax […]

Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax Rate Cannot Apply

Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax […]

ITAT Delhi Upholds Disallowance of Section 80GGC Deduction on Rs 3 Lakh Political Donation Treated as Accommodation Entry

ITAT Delhi Upholds Disallowance of Section 80GGC Deduction on Rs 3 Lakh Political Donation Treated as Accommodation Entry The Income […]

ITAT Delhi Deletes Rs 9.41 Crore Addition on Demonetisation Cash Deposits Holding Suspicion Alone Cannot Justify Addition

ITAT Delhi Deletes Rs 9.41 Crore Addition on Demonetisation Cash Deposits Holding Suspicion Alone Cannot Justify Addition The Income Tax […]

No Additional Sustainable Cash When Deposits Are Properly Recorded in Books: ITAT

No Additional Sustainable Cash When Deposits Are Properly Recorded in Books: ITAT ITAT deleted the addition on demonetisation cash deposits […]

Third-Party Software Entries Alone Cannot Justify Section 69 Addition: ITAT

Third-Party Software Entries Alone Cannot Justify Section 69 Addition: ITAT The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) […]

No Section 69A Addition Where Family Jewellery Exceeds Seized Assets

A search under Section 132 was conducted on the Passi family group, during which substantial jewellery, cash, and foreign currency […]

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court The appellant, Shri Narayan Rao Hebri, a […]

ITAT Quashes Revision in Demonetisation Cash Deposit Case; No ‘Lack of Inquiry’ Found

ITAT Quashes Revision in Demonetisation Cash Deposit Case; No ‘Lack of Inquiry’ Found Sikka Infrastructure Pvt. Ltd. filed its return […]