No recovery of outstanding GST ( Goods and Services Tax ) demand could be made once a taxpayer deposited the statutory ...

ITAT Chennai strikes down a penalty under Section 271D, ruling that a fabricated, unregistered sale agreement and the lack of proof of cash receipt failed to substantiate the tax department's ...

The ITAT Delhi has remanded a case on long-term capital gains, ruling that an Assessing Officer cannot unilaterally reject a registered valuer's report without a mandatory reference to the ...

ITAT Delhi deletes an unexplained investment addition, ruling that the assessee provided sufficient documentary evidence to prove the source of funds for a property ...

ITAT Delhi deleted a Rs. 1.40 crore capital gains tax on a property transfer between spouses, ruling that no consideration was ...

ITAT Delhi upholds CIT(A) order, ruling reassessment invalid for want of sanction from proper authority and being time-barred under Rajiv Bansal SC ...

ITR-7 for AY 2025-26 has significant changes. Learn about the new reporting rules for trusts and non-profits, including donor disclosures and capital ...

The ITAT Delhi has deleted a ₹8.79 lakh addition, ruling that cash deposits in a joint bank account were properly explained as the wife's ...

Tribunal rules reassessment notice by Jurisdictional AO after 29.03.2022 invalid under Faceless Scheme; all proceedings ...

In a significant ruling, Delhi ITAT has remanded back the case of holding that CIT (A) had failed to pass a reasoned & speaking order while confirming massive additions running into more than Rs 82 ...

The Delhi ITAT has ruled that a penalty cannot be imposed when income is based on estimation. It deleted penalties on a taxpayer where cash deposits were assessed as estimated business profits, not ...

ITAT Delhi deletes disallowance of ₹23.71 lakh, ruling that foreign exchange loss on business advances is an allowable business expenditure for Sitac Re Pvt.