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Bombay High Court Upholds Section 10B Benefit and Section 14A Relief for EOU
Bombay High Court dismisses Revenue appeals, upholding Section 10B benefits for a 100% EOU and sustaining the deletion of Rule 8D disallowance.
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Delhi High Court Sets Aside Section 148A(d) Order For Ignoring Assessee Reply
Delhi High Court invalidates a Section 148A(d) income tax order because the assessing officer failed to review the submitted reply, violating natural justice.
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Wife’s Jewellery Found at Residence Cannot Be Added to Husband Income: Nagpur ITAT
Nagpur ITAT rules that wife's jewellery found at a common residence cannot be treated as the husband's unexplained asset under Section 69A.
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ITAT Jaipur Rules WhatsApp Chats Alone Cannot Justify Section 69A Tax Addition
ITAT Jaipur deletes a Rs 24.20 lakh addition under Section 69A, ruling that digital chat records without physical cash recovery are insufficient.
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ITAT Mumbai Quashes Income Tax Reassessment Over Borrowed Satisfaction
Learn how ITAT Mumbai set aside a tax reassessment because the assessing officer relied on investigation wing data without independent verification.
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ITAT Mumbai Rules Section 48 Cannot Substitute Future Share Prices
ITAT Mumbai deletes a 97 crore capital gain addition, ruling that consideration from a later share transfer cannot be applied retrospectively.
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ITAT Mumbai Deletes Rs 30 Lakh Unexplained Money Addition Under Section 69A
ITAT Mumbai deletes a Rs 30 lakh addition under Section 69A after accepting foreign salary savings as a valid source of funds.
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ITAT Rules in Favor of Full Section 57 Interest Deduction Beyond Interest Income
Discover the recent ITAT ruling allowing full Section 57 interest deduction without income limits, provided a clear nexus with other-source income exists.
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ITAT Cuttack Rules NFAC Show-Cause Notice Before March 29 2022 Invalid
ITAT Cuttack quashes reassessment proceedings after ruling that NFAC issued a show-cause notice prematurely without proper jurisdiction.
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ITAT Pune Confirms Long Term Capital Gains on Urban Land in Landmark Ruling
Discover the latest ITAT Pune ruling regarding long term capital gains on urban land and the deletion of interest disallowance for the assessment year.