Income Tax Act – Page 2

Chennai ITAT Restores Agricultural Income Claim for Fresh Adjudication

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has officially restored a series of appeals concerning tax exemptions on agricultural income. This legal development provides taxpayers with a…

Prasenjit Bhowmik August 1, 2026

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ITAT Ruling Clarifies Tax Audit Errors Do Not Justify Automatic Disallowances

The Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, determining that a tax audit report containing erroneous figures cannot serve as the sole legal basis for invoking disallowances…

Prasenjit Bhowmik May 31, 2026