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Separate Addition for Demonetisation Cash Deposit Can’t Survive Once Income Is Estimated: ITAT

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

TDS Credit Can’t Be Proportionately Denied Merely Due to Form 26AS-Revenue Mismatch: ITAT

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

S. 68 Can’t Apply to Loan Receivable Shown as Debit Balance: ITAT 

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

Suspicion Over Penny-Stock Price Rise Cannot Sustain S. 68 Addition Without Transaction-Specific Evidence: ITAT 

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

COVID-19 Transfer Pricing Adjustment Can’t Be Rejected Merely Because Pandemic Affected All Enterprises: ITAT

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

Pending TDS Liability Appeal Can Directly Impact S. 40(a)(i) Disallowance: ITAT 

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

Same-Day ‘Approved’ Sanction Doesn’t Make Reassessment Mechanical: ITAT 

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

Judicial Orders Blocking TDS Override S. 201 Default: ITAT Deletes Tax Demand on LTC Payments Involving Foreign Travel

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that branches of a...

BSNL VRS Compensation Fully Exempt U/S 10(10B): ITAT

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that compensation received by...

Pre-Commencement Business Expenses Deductible Once Business Is Set Up: ITAT 

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that expenses incurred during...

S. 80P(4) No Bar to Deduction on Interest Earned From Co-operative Bank: ITAT 

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that interest earned by...

Dept. Can’t Fully Disbelieve Hospital’s Higher Cash Receipts During Demonetisation: ITAT Restricts Rs. 1.80 Crore Addition to Rs. 5 Lakh

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has substantially restricted an...

Latest articles

Creditors Can’t Withdraw Approved Resolution Plan Just Because Company’s Finances Improve: Supreme Court

The Supreme Court has held that a Committee of Creditors (CoC) cannot withdraw its...

Co-operative Bank Members Can Seek Records Through RTI Even If Bank Is Not A Public Authority: Supreme Court

The Supreme Court has held that a member of a co-operative bank can obtain...

Unchallenged Waqf Notification Leaves No Cloud On Title: Supreme Court Restores Protection For Mosque Lands

The Supreme Court has restored a permanent injunction protecting lands attached to a mosque,...

Fraud Vitiates Land Acquisition Despite Delay In Challenge; Land Must Be Returned To Owners

The Supreme Court has set aside land acquisition proceedings undertaken in Karnataka for a...