April 24, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of an addition of ₹18.63 crore made under Section 69A of the Income Tax Act, holding that amounts directly paid by subsequent Read more…
Tag: Section 69A
April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld the deletion of an addition of ₹10.5 crore made under Section 69A of the Income-tax Act, 1961, reiterating that a statement recorded during search proceedings—if subsequently Read more…
April 6, 2026 : The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has set aside reassessment proceedings against Addhya Forex (P) Ltd., holding that additions aggregating to ₹92.67 crore were made through effectively ex parte orders without granting Read more…
April 6, 2026 : The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹43.98 lakh made against Disha Eye Hospitals Pvt. Ltd., holding that receipts from identifiable and genuine sources cannot be treated as Read more…
April 1, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that reassessment proceedings cannot be initiated merely on the basis of general investigation reports relating to penny stock transactions, without any material directly linking Read more…
November 15, 2025 : A recent decision of the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), widely circulated on social media as permitting cash receipts of ₹38 lakh in a property transaction without tax consequences, has been widely Read more…