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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 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 Remands Rs 1.30 Crore Loan Addition Case for Fresh Verification
Learn how the ITAT Mumbai admitted new evidence regarding a Rs 1.30 crore loan addition under Section 68 and remanded the matter for re-evaluation.
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Orissa High Court Upholds ITAT Decision on Section 68 Additions in Unabated Assessments
Learn how the Orissa High Court upheld the deletion of Section 68 additions for unabated assessment years lacking incriminating search material.