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ITAT Grants SBI Retiree Additional Leave Encashment Tax Exemption
Discover how the ITAT Agra ruled in favor of an SBI retiree, allowing an additional Rs. 7.56 lakh leave encashment tax exemption with a refund.
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ITAT Rules Section 270A Penalty Notice Valid Despite Missing Clause
Learn how the ITAT Hyderabad ruled that a Section 270A tax penalty notice remains valid even if the specific misreporting clause is omitted.
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ITAT Ruling: Job Fairs and Yoga Events Qualify as Charitable Activities
Discover how the ITAT Pune set aside a Section 12AB registration rejection, ruling that job fairs and yoga events serve general public utility.
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ITAT Deletes Section 68 Addition of Rs 24.01 Lakh on Machinery Sale
Learn how the Rajkot ITAT deleted a Section 68 addition of Rs 24.01 lakh on machinery sale receipts supported by proper books and balance sheets.
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Agra ITAT Quashes Section 263 Revision on Rs 12.50 Crore Bogus Purchases
Agra ITAT quashes Section 263 revision regarding Rs 12.50 crore purchases for AY 2019-20 and remands a loan dispute for AY 2022-23.
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ITAT Rules in Favor of Foreign Tax Credit Claim Despite Late Form 67 Filing
Discover how the ITAT Bangalore tribunal allowed a foreign tax credit claim despite delayed filing of Form 67 and clerical errors.
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ITAT Limits Hospital Receipt Additions to 5 Percent and Cancels Diary Based Tax Demands
Discover the latest Chandigarh ITAT ruling restricting hospital receipt additions to 5 percent and deleting diary based unexplained income demands.
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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.