![Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122592-jewellery-sale-found-genuine-taxscan.webp "Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]")
Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal held that cash deposits made during the demonetisation period represented...
![Taxpayer Only Account Opener, Acted as Conduit for Third Party Funds: ITAT Limits Income Tax Liability to 0.5% Commission [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/250x150_2122575-taxpayer-account-third-party-funds-itat-limits-income-tax-liability-commission-taxscan.webp "Taxpayer Only Account Opener, Acted as Conduit for Third Party Funds: ITAT Limits Income Tax Liability to 0.5% Commission [Read Order]")
![Unexplained Deposits are Cash Sales during Demonetization, Only 8% is Income: ITAT Allows Income Tax Appeal Partly [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/250x150_2122590-unexplained-deposits-are-cash-sales-during-demonetization-only-8-is-income-itat-allows-income-tax-appeal-partly-taxscan.webp "Unexplained Deposits are Cash Sales during Demonetization, Only 8% is Income: ITAT Allows Income Tax Appeal Partly [Read Order]")
![AO & CIT(A) Denied Hearing in Income Tax Assessment: ITAT Directs De Novo Speaking Order for ₹17L Addition u/s 69A [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/250x150_2122502-ao-cit-a-denied-hearing-income-tax-assessment-itat-directs-de-novo-speaking-order-17l-addition-69a-taxscan.webp "AO & CIT(A) Denied Hearing in Income Tax Assessment: ITAT Directs De Novo Speaking Order for ₹17L Addition u/s 69A [Read Order]")
![LTCG to be Computed from Taxpayer’s First Year as Property Holder: ITAT Notes Error in Indexation Year [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/250x150_2122448-ltcg-computed-from-taxpayers-first-year-property-holder-itat-notes-error-indexation-year-taxscan.webp "LTCG to be Computed from Taxpayer’s First Year as Property Holder: ITAT Notes Error in Indexation Year [Read Order]")
No Sufficient Cause to Revise Income Tax Exemption Order after 7 Years: Supreme Court Backs Telangana HC in Tata Projects Case [Read Order]
The Supreme Court of India recently declined to interfere with a ruling by the Telangana High Court where it was found that an application filed by Tata Projects seeking revision of an income tax...
![No Sufficient Cause to Revise Income Tax Exemption Order after 7 Years: Supreme Court Backs Telangana HC in Tata Projects Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122464-telangana-high-court-income-tax-exemption-tata-projects-tata-projects-case-supreme-court-tata-projects-case-telangana-hc-tax-ruling-supreme-court-backs-telangana-hc-in-tata-projects-case-taxscan.webp "No Sufficient Cause to Revise Income Tax Exemption Order after 7 Years: Supreme Court Backs Telangana HC in Tata Projects Case [Read Order]")
Income Tax Reassessment Jurisdiction Fails Without Fresh Material: SC Upholds Gujarat HC in GTPL Hathway Case [Read Order]
In a recent ruling SC upheld that the Gujarat HC orders quashing the reopening of assessment against GTPL Hathway Ltd for the assessment year 2017-18, holding that reassessment initiated without any...
![Income Tax Reassessment Jurisdiction Fails Without Fresh Material: SC Upholds Gujarat HC in GTPL Hathway Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122430-income-tax-reassessment-jurisdiction-fails-fresh-material-sc-upholds-gujarat-hc.webp "Income Tax Reassessment Jurisdiction Fails Without Fresh Material: SC Upholds Gujarat HC in GTPL Hathway Case [Read Order]")
Employer vs Employee PF/ESI Contributions Treatment under Income Tax: Supreme Court to Resolve Deduction Issue [Read Judgement]
The Supreme Court of India will examine the issue of allowability of deductions for delayed deposit of employees’ Provident Fund (PF) and Employees’ State Insurance ( ESI ) contributions under the...
![Employer vs Employee PF/ESI Contributions Treatment under Income Tax: Supreme Court to Resolve Deduction Issue [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122383-employer-employee-pf-esi-contributions-treatment-under-income-tax-supreme-court-resolve-deduction-issue-taxscan.webp "Employer vs Employee PF/ESI Contributions Treatment under Income Tax: Supreme Court to Resolve Deduction Issue [Read Judgement]")
Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT) has held that expenditure incurred on advertising, publicity and sales promotion towards dealers, distributors and other third parties...
![Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122382-advertising-sales-promotion-spend-dealers-fringe-benefit-itat.webp "Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]")
Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]
If there is a direct nexus between the borrowing and lending activity, interest expenditure is allowable as a deduction under Section 57(iii) of theIncome-tax Act, 1961, ruled the Mumbai Bench of the...
![Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122376-interest-expenditure-allowable-interest-income-direct-nexus-proved-taxscan.webp "Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]")
Cash from Sale of Crops Deposited during Demonetization Period, Supporting Documents Submitted: ITAT Removes Addition u/s 68 [Read Order]
The two-member bench of the Income Tax Appellate Tribunal (“ITAT”) had removed addition to cash deposit as unexplained as had been done under Section68. ITAT accepted the explanation given by the...
![Cash from Sale of Crops Deposited during Demonetization Period, Supporting Documents Submitted: ITAT Removes Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/500x300_2122282-cash-from-sale-crops-deposited-during-demonetization-period-taxscan.webp "Cash from Sale of Crops Deposited during Demonetization Period, Supporting Documents Submitted: ITAT Removes Addition u/s 68 [Read Order]")