Unsecured Loan Genuine and Merely Carried Forward from Earlier Year, Not Fresh Borrowing: ITAT Deletes Rs. 2.50 Cr Income Tax Addition u/s 68 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee, observing that the unsecured loan was carried...
![Rs 1.90 Crore FDR Renewal Not a Fresh Investment: ITAT Upholds Deletion of Addition u/s 69 [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099293-fdr-renewal-fresh-investment-itat-taxscan.webp "Rs 1.90 Crore FDR Renewal Not a Fresh Investment: ITAT Upholds Deletion of Addition u/s 69 [Read Order]")
![Cash Deposits Linked to Wife’s Agricultural Land Sale Beyond 8 Km of Municipality, Assessee Claims Not Taxable: ITAT Orders De Novo Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/250x150_2093804-cash-deposits-wifes-agricultural-land-taxscan.webp "Cash Deposits Linked to Wife’s Agricultural Land Sale Beyond 8 Km of Municipality, Assessee Claims Not Taxable: ITAT Orders De Novo Adjudication [Read Order]")
![Co-Op Society cannot Claim Income Tax Deduction on Interest from Regional Rural Bank Deposits: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090126-itat-section-80p-rural-banks-taxscan.webp "Co-Op Society cannot Claim Income Tax Deduction on Interest from Regional Rural Bank Deposits: ITAT [Read Order]")
Expression “Parties” u/r 8(8) of SARFAESI Act not Mandate to include borrower and guarantor: Calcutta HC sets aside Order [Read Order]
In a recent case, the Calcutta High Court has held that the expression “parties” under rule 8(8) of the Securitisation And Reconstruction Of Financial Assets And Enforcement of Security Interest...
![Expression “Parties” u/r 8(8) of SARFAESI Act not Mandate to include borrower and guarantor: Calcutta HC sets aside Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2089860-sarfaesi-act-taxscan.webp "Expression “Parties” u/r 8(8) of SARFAESI Act not Mandate to include borrower and guarantor: Calcutta HC sets aside Order [Read Order]")
Disallowance of Rs.6.78 Lakh Cash Deposits as Unexplained Investment: ITAT Allows Claim Based on Agricultural, Transportation, and Family Income [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed an appeal against the disallowance of Rs.6.78 lakh cash deposits under section 69 of Income Tax Act,1961 as unexplained...
![Disallowance of Rs.6.78 Lakh Cash Deposits as Unexplained Investment: ITAT Allows Claim Based on Agricultural, Transportation, and Family Income [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2089024-itat-ahmedabad-disallowance-unexplained-investment-taxscan.webp "Disallowance of Rs.6.78 Lakh Cash Deposits as Unexplained Investment: ITAT Allows Claim Based on Agricultural, Transportation, and Family Income [Read Order]")
Any equitable mortgage created in favour of Bank after execution of Gift Deed, cannot be a valid mortgage: DRAT Dismisses Appeal of UCO Bank [Read Order]
In a recent case, the Kolkata Bench of the Debt Recovery Appellate Tribunal (DRAT) dismissed the appeal of UCO Bank, holding that any equitable mortgage created in favour of the Bank after execution...
![Any equitable mortgage created in favour of Bank after execution of Gift Deed, cannot be a valid mortgage: DRAT Dismisses Appeal of UCO Bank [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078257-any-equitable-mortgage-mortgage-created-in-favour-of-bank-taxscan.webp "Any equitable mortgage created in favour of Bank after execution of Gift Deed, cannot be a valid mortgage: DRAT Dismisses Appeal of UCO Bank [Read Order]")
Telangana HC Upholds DRAT's Cancellation of Auction: Petitioner’s Writ Fails Amid SARFAESI Rule Violations [Read Order]
The Telangana High Court has dismissed a writ petition filed by M/s Classic Chemicals Ltd., upholding the Debts Recovery Appellate Tribunal (DRAT) Kolkata’s decision to cancel an e-auction conducted...
![Telangana HC Upholds DRATs Cancellation of Auction: Petitioner’s Writ Fails Amid SARFAESI Rule Violations [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062490-sarfaesi-rule-taxscan.webp "Telangana HC Upholds DRATs Cancellation of Auction: Petitioner’s Writ Fails Amid SARFAESI Rule Violations [Read Order]")