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Income Tax Act 1961

ITAT Deletes ₹10.42 Lakh Addition u/s 69A as Cash Deposits during Demonetization Explained by Withdrawals [Read Order]

Sneha Sukumaran Mullakkal

The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of ₹10.42 lakh under section 69A of Income Tax Act,1961, holding...

Unexplained Investment of ₹10.33 lakh in Immovable Property u/s 69: ITAT Deletes Addition...

Income Tax Assessment Made Under Old ‘Firm’ PAN instead of New ‘Company’ PAN: ITAT directs CIT(A) to...

Payments for Software Licenses, Hardware, and Support Services not Royalty under India-UK DTAA:...

Delhi HC Upholds Notice issued u/s 148A(b) of Income Tax Act in absence of Submission of Details of...

HRA Claim Restricted to 50% as Rent Agreement in Joint Name with Brother, rules ITAT Despite Assessee Bearing Entire Rent [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Pune Bench, held that an assessee is entitled to claim only 50% deduction of House Rent Allowance (HRA) where the rent agreement stands...

Late Filing causes Disallowance of Section 80P Deduction: ITAT directs Taxation on Net Profit After Verification [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) directs taxation on the net profit after verification, while noting that late filing disallowed the deduction under section 80P of...

Addition of Rs. 4.66 Crore u/s 69A in Individual PAN: ITAT upholds Deletion noting Disclosure in HUF Return [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the revenue’s appeal and upheld the deletion of Rs. 4.66 crore added under Section 69A of Income Tax Act,1961 by the...

Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi has held that a reassessment notice issued under Section 148 of the Income Tax Act, 1961, beyond the statutory limitation period is...

Supreme Court Upholds 2012 Income Tax Attachment on Mumbai Shop, Rules Possession Alone Cannot Confer Right Without Clear Title [Read Judgement]

In a recent order, the Supreme Court of India upheld a decision of the Bombay High Court dismissing a challenge to an Income Tax attachment dating back to 2012. The Court explained that mere...

Tamil Nadu Electricity Regulatory Commission exempted from Income Tax u/s 10(46A), CBDT Notifies [Read Notification]

The Central Board of Direct Taxes (CBDT), through Notification dated 15th September 2025, has notified the Tamil Nadu Electricity Regulatory Commission as an eligible authority under Section 10(46A)...

Income Declared During Survey is Taxable as Business Income u/s 28, Not Under Unexplained Income Sections: ITAT [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that income declared during survey is taxable as business income under Section 28 of the Income Tax Act, 1961 and not under the...