ITAT Chennai upholds deletion of 75% cash receipt additions against IG3 Infra, highlighting the need for verification of seized Excel entries and transaction-wise identification. Introduction The Income Tax Appellate Tribunal (ITAT), Chennai, has delivered an important ruling on additions made …
ITAT Jaipur quashed a ₹3.99 lakh penalty under Section 270A despite non-filing of ITR. Learn why proper satisfaction and valid penalty notices matter. Introduction Failure to file an Income Tax Return (ITR) within the prescribed time can expose taxpayers to …
ITAT Jaipur grants relief to a Dubai-based NRI by deleting an unexplained money addition involving FCNR deposits. Learn how bank records, currency conversion errors and Section 69A influenced the decision. Introduction A major tax addition can collapse when the underlying …
Read how the Sikkim High Court quashed Zydus Healthcare’s income tax reassessments, holding that an audit objection alone cannot replace the statutory requirement for new evidence. Key Takeaway: An audit objection pointing to a different interpretation of an issue already …
Calcutta High Court quashes an income tax case transfer to Delhi, ruling that a single business transaction without sufficient links to a searched group is inadequate. The Calcutta High Court has ruled that a single business transaction, without sufficient evidence …
Andhra Pradesh High Court strikes down Section 147A of the Income Tax Act, 1961, examining faceless reassessment, retrospective amendments and JAO jurisdiction. Introduction In a significant ruling on income tax reassessment proceedings, the Andhra Pradesh High Court has declared Section …
Bombay High Court rules that income tax penalties for misreporting may be waived under amended Section 270AA after the Finance Act 2026, subject to statutory conditions. Introduction In a significant ruling for income tax assessees, the Bombay High Court has …
Bombay High Court rules that the Income Tax Department cannot delay limitation computation when a digitally signed court order is available. Read the Section 153 ruling. The Bombay High Court has clarified that the Income Tax Department cannot postpone the …
Karnataka High Court hears a plea seeking gift tax exemption for same-sex partners. Centre argues marriage laws, not the Income Tax Act, must be challenged. The Centre has argued before the Karnataka High Court that same-sex partners seeking exemption from …
Delhi High Court gives the Income Tax Department until October 31, 2026, to credit ₹3.65 crore advance tax to a 92-year-old taxpayer, warning of interest for further delay. The Delhi High Court has granted the Income Tax Department a final …
Calcutta High Court rules that ₹11.35 crore tax addition cannot be sustained on mere suspicion or uncorroborated seized documents without independent supporting evidence. The Calcutta High Court has reaffirmed an important principle of income-tax jurisprudence: tax additions cannot be sustained …
Jaipur ITAT deletes ₹10.90 lakh Section 69A addition on cash credit-card payments, ruling that direct matching of every withdrawal with payment is not mandatory. Introduction Making a substantial payment towards credit-card dues in cash can attract scrutiny from the Income …
ITAT Mumbai deletes ₹1.23 crore penalty under Section 270A, ruling that rejection of a bona fide tax claim alone cannot establish concealment or under-reporting of income. The Income Tax Appellate Tribunal (ITAT), Mumbai, has delivered an important ruling on the …
Gujarat High Court upholds ₹23.77 crore tax relief for Adani Infrastructure Services, ruling on Section 14A and Rule 8D(2)(ii) interest disallowance. The Gujarat High Court has dismissed the Revenue’s appeal against Adani Infrastructure Services Pvt. Ltd., upholding the deletion of …
Delhi High Court quashes a Section 153C notice for AY 2016-17 as time-barred, relying on Ojjus Medicare and the limitation prescribed under Sections 153A and 153C. The Delhi High Court has once again emphasised that proceedings under Section 153C of …
Analysis of CBDT Notification No. 133/2026 clarifying the administrative subordination and jurisdictional alignment of JCIT (Appeals) and Addl. CIT (Appeals) under the Income-tax Act, 2025. Overview of the Notification The Central Board of Direct Taxes (CBDT), under the Department of …
“Sold a property? Learn how to legally reduce your capital gains tax bill using Section 54, 54F, and CGAS under the latest property tax indexation rules.” Selling a piece of real estate often marks a major financial milestone, but it …
ITAT Mumbai grants major relief in the Harshad Mehta tax case for AY 1993-94, deleting several crore-rupee additions relating to securities, bank payments, money-market transactions and alleged income. The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has delivered …
Gujarat High Court allows condonation of delay in filing an income tax return under Section 119(2)(b), despite a pending CIT(A) appeal, providing relief to taxpayers with genuine hardship. The Gujarat High Court has delivered an important ruling on the condonation …
