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ITAT Grants Fresh Opportunity in Section 57(iii) Interest Disallowance Case, Remands Matter for Verification

ITAT Grants Fresh Opportunity in Section 57(iii) Interest Disallowance Case, Remands Matter for Verification The ITAT Delhi held that the interest expense disallowance under Section...

Big Update! Most Awaited GSTAT Hyderabad Bench Is Now Functional: Effective April 20, 2026

Big Update! Most Awaited GSTAT Hyderabad Bench Is Now Functional: Effective April 20, 2026 The Goods and Services Tax Appellate Tribunal (GSTAT), Hyderabad Bench, has...

Cash Deposits Cannot Be Treated as Unexplained Merely Due to Use of Old PAN: ITAT

Cash Deposits Cannot Be Treated as Unexplained Merely Due to Use of Old PAN: ITAT The ITAT Delhi, in a recent case, held in favour...

Reassessment Proceedings Are Invalid Without Section 143(2) Notice, Says ITAT 

Reassessment Proceedings Are Invalid Without Section 143(2) Notice, Says ITAT  The ITAT Delhi quashed the reassessment order, holding that once a taxpayer filed its ITR...

ICAI Disciplinary Committee Notifies Removal of a CA Name from Register of Members for One Year

ICAI Disciplinary Committee Notifies Removal of a CA Name from Register of Members for One Year The Institute of Chartered Accountants of India (ICAI), the...

MCA Proposes Major Overhaul of Filing System; Invites Feedback from Stakeholders till May 15

MCA Proposes Major Overhaul of Filing System; Invites Feedback from Stakeholders till May 15 The Ministry of Corporate Affairs (MCA), Government of India, has released...

CBIC Appoints Common Adjudicating Authority to Handle Multi-Show Cause Notices

CBIC Appoints Common Adjudicating Authority to Handle Multi-Show Cause Notices The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance (Department...

No Internet? No Problem! GSTN Introduces New IMS Offline Utility (Version 1.0) to Simplify GST Filings

No Internet? No Problem! GSTN Introduces New IMS Offline Utility (Version 1.0) to Simplify GST Filings The Goods and Services Tax Network (GSTN) has notified...

ITAT Holds Entire Deposit Cannot Be Taxed Without Evidence; Restricts Rs 9.83 Crore Addition to 8% of Deposits

ITAT Holds Entire Deposit Cannot Be Taxed Without Evidence; Restricts Rs 9.83 Crore Addition to 8% of Deposits ITAT Surat ruled that in cases where...

Missed Section 54 in Initial ITR? ITAT Says You Can Still Claim It During Appellate Proceedings

Missed Section 54 in Initial ITR? ITAT Says You Can Still Claim It During Appellate Proceedings ITAT Kolkata, in a recent significant ruling, highlighted that...

ITAT Deletes Additions: Cash Deposits Upheld with Proper Records, No Income Estimation Without Rejecting Books

ITAT Deletes Additions: Cash Deposits Upheld with Proper Records, No Income Estimation Without Rejecting Books ITAT Ahmedabad held that cash deposits cannot be treated as...

ITAT Invalidates Entire Reassessment; Cites Breach of Section 148A(b) and Joint Ownership Error

ITAT Invalidates Entire Reassessment; Cites Breach of Section 148A(b) and Joint Ownership Error ITAT Bangalore quashed the entire reassessment proceedings initiated against an immovable property,...

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