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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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Income Tax Tribunal Remands Rs 1.09-Crore Cash Addition and Sets Aside Penalty
Income Tax Appellate Tribunal in Agra remands a Rs 1.09-crore cash addition for fresh review and deletes the consequential penalty under section 271AAC.
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ITAT Delhi Rules Documented Purchases Valid Despite Later GST Cancellation
ITAT Delhi holds that documented purchases cannot be treated as bogus solely due to the subsequent cancellation of the supplier's GST registration.
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CESTAT Chandigarh Sets Aside ₹1.04 Crore Service Tax Demand Based on ST-3 & 26AS/ITR Mismatch
CESTAT Chandigarh has quashed a 1.04 crore service tax demand based solely on ST-3 and 26AS mismatches, ruling that thorough investigations are required.
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Bangalore ITAT Rules Demonetised Notes for Loan Recovery Are Not Taxable Under Section 68
The Bangalore ITAT ruled that demonetised notes accepted for loan recoveries are not taxable under Section 68, easing tax burdens for cooperatives.
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Hyderabad ITAT Rules Reassessment on Existing Material Constitutes Change of Opinion
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has issued a significant ruling concerning tax reassessment procedures. According to official reports, the tribunal quashed a reopening notice under…
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1 April Notice Date Prevails Over 31 March: Rajkot ITAT Quashes ₹1.33 Cr Penny-Stock Addition
Discover how the Rajkot ITAT quashed a 1.33 crore tax addition, ruling that an April 1 notice date invalidates older reassessment procedures.
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Panaji ITAT Rules AO Cannot Tax Loan Merely Doubting Creditor’s Creditworthiness
The ITAT ruled that tax officers cannot tax genuine loans under Section 68 solely by questioning a creditor financial standing.
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TDS Paid Under Section 195A Not Subject to Service Tax: CESTAT Chandigarh
In a notable legal development for indirect taxation, the Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled that Tax Deducted at Source (TDS) paid…
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Lucknow ITAT Rules Sales Spike Alone Cannot Tax Demonetisation Cash as Unexplained
The Lucknow ITAT ruled that a surge in sales during demonetisation is not enough to tax cash deposits as unexplained income, easing business scrutiny.