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Foreign Salary Remitted to NRE Account Can’t Be Treated as Unexplained Investment Merely on SFT Data: CIT(A) Deletes ₹1.33 Crore Addition

The Commissioner of Income Tax (Appeals), Delhi, has deleted an addition of ₹1.33 crore...

Export Commission Paid to Foreign Agents for Services Outside India Not Liable to TDS: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that commission...

Belated Filing of Form 10B Is a Curable Procedural Irregularity; S. 11 Exemption Can’t Be Denied: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...

Tax Audit Not Mandatory Where Turnover Is Below Rs. 10 Crore and Cash Transactions Do Not Exceed 5%: ITAT 

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has ruled that a taxpayer whose...

Ignorance of Law Can’t Explain 689-Day Delay in Challenging S. 263 Revision Order: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has refused to condone...

S. 263 Revision Can’t Sustain Penalty After Underlying S. 69 Addition Is Deleted: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revisional...

Contract Notes Are Primary Evidence in Penny Stock Transactions: ITAT Restores ₹1.94 Crore Bogus LTCG Addition for Fresh Examination

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has restored a ₹1.94...

CIT(A) Must Reconsider 1,292-Day Delay After Accounting for Supreme Court’s COVID Limitation Relief: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai, has restored an income tax appeal involving...

Separate Additions for Cash Deposits and Business Expenses Unjustified When Income Taxed U/s 44AD: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that cash deposits forming...

Interest on Enhanced Compensation for Compulsory Acquisition of Agricultural Land Not Taxable as ‘Other Sources’: ITAT Mumbai

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest...

Unauthenticated WhatsApp Chats and Third-Party Statement Can’t Prove Cash Payment for Property: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...

Waiting for Favourable Ruling Is Not ‘Sufficient Cause’: ITAT Refuses to Condone 11 Years Delay To Former Cricketer

The Income Tax Appellate Tribunal (ITAT), Mumbai, has refused to condone a delay of...

Latest articles

Service Tax Order Pasted At Business Premises Starts Appeal Limitation: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad, has held that service...

Sewage Pumps Not Eligible For 6% Excise Duty Concession: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad, has held that sewage...

Airline Ticket Cancellation Charges Are Compensation, Not Taxable Service: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...

Common Purchase Orders Can’t Prove Father’s Firm Is Dummy Unit: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has dismissed the...