The High Court of Patna, quashed an assessment order passed against the assessee for the period 2018-2019, observing that it had been issued without affording a personal hearing as mandated under Section…
The Raipur Bench of Income Tax Appellate Tribunal ( ITAT ) restored matter to the Commissioner of Income Tax(Appeals)[CIT(A)] for fresh adjudication after observing that notices were not served through the assessee’s…
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal against the addition of ₹31.15 lakh as unexplained cash credit, upholding the deletion by the Commissioner of Income…
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashes the revision order passed under Section 263 of Income Tax Act,1961, holding that the Assessing Officer (AO) had verified the donations…
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax(Appeals) [CIT(A)] and condoned a 99-day delay in filing appeals for Assessment Years (AYs)…
Is the ₹500 Note Really Going to Disappear by 2026? A viral YouTube video recently claimed that India’s ₹500 note would be withdrawn from circulation by March 2026, sparking a…
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) has overturned the addition of Rs. 5,01,500 made by the Assessing Officer (AO) under Section 69A of the Income Tax Act, 1961…
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal and upheld the deletion of a Rs. 6.80 crore addition made under Section 69A of the Income Tax Act,…
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case back to the Assessing Officer (AO) for fresh adjudication after the assessee submitted additional documents, including cash summaries,…
An individual has shared an extraordinary experience of getting two Income Tax Returns ( ITRs ) processed within just three hours of filing and the refund also credited to respective bank accounts…