June 18, 2026 : In a significant ruling on unexplained cash credits under Section 68 of the Income Tax Act, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted substantial relief to Palco Tex Feb Limited by Read more…
Tag: Section 68 Income Tax Act
June 5, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed the Revenue Department’s appeal against ANR International Pvt. Ltd., reaffirming that low income reflected in an investor’s income tax return cannot, by itself, justify treating share Read more…
May 22, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled in favour of ARVR Education Society and deleted an addition of ₹15.96 crore that had been treated as unexplained cash credits under Section 68 of the Read more…