April 8, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that additions under Section 68 of the Income Tax Act, 1961 cannot be sustained merely on the basis of unverified information, particularly where sales are duly Read more…
April 7, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside reassessment proceedings under Section 147 of the Income Tax Act, holding that the Assessing Officer (AO) cannot sustain additions on a ground entirely different from Read more…
April 7, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside reassessment proceedings initiated against Crystal Quinone Pvt. Ltd., holding that reliance on generalized third-party statements without establishing a direct nexus with the assessee is legally Read more…
February 24, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that even if purchase transactions are found to be accommodation entries, the entire purchase amount cannot be treated as unexplained expenditure under Section 69C of Read more…
February 14, 2026 : The Delhi Bench ‘B’ of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings for Assessment Year (AY) 2016–17 and deleted additions made under Section 68 for both AY 2016–17 and AY 2017–18 in the Read more…
February 13, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeals in the case of DCIT vs. Shri Irfan, affirming the deletion of a protective addition of ₹175.03 crore and an estimated Read more…
February 06, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by Ambuja Cements Limited and upheld the revisionary order passed under Section 263 of the Income Tax Act for Assessment Year 2019–20. Read more…