📢 Mere Assumptions Cannot Sustain Addition: Rs 15.72 Lakh Cash Addition Deleted After ITAT Finds No Incriminating Evidence

ITAT deleted the Rs 15.72 lakh addition, holding that the Revenue failed to produce sufficient incriminating material proving an undisclosed cash payment to the Bhutani Group.

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📢 Max Healthcare Faces NCLT Proceedings Over Kalinga Hospital; Next Hearing Scheduled for Sept 28

Max Healthcare has disclosed that the NCLT Cuttack Bench has directed it and other respondents to file replies in the BRS Capital proceedings involving subsidiary Kalinga Hospital.

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📢 Over 50,000 Swiggy Delivery Partners Use App to File ITRs, Claim Rs 6.5 Crore Refund

More than 50,000 Swiggy delivery partners have filed ITRs through its app, collectively claiming around Rs 6.5 crore in tax refunds.

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📢 Merely Absence of PAN or Email Address in Sale Confirmation Cannot Prove Transaction Bogus, Holds ITAT

ITAT deleted the Rs 21.81 lakh addition, holding that spelling errors and missing PAN or email details in the purchaser’s confirmation could not by themselves establish a bogus transaction.

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📢 High Court Denies Anticipatory Bail to Man Accused of GST Fraud Through Forged Invoices

The Punjab and Haryana High Court rules custodial interrogation necessary to uncover link with Non-Existent Firms.

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📢 ITAT Takes Lenient View on Long Delay, Remands Tax Dispute for Fresh Hearing After Taxpayer Claims He Was Unaware of Proceedings

ITAT Pune condones years-long delay in filing tax appeal, citing reasonable cause and directing CIT(A) to reconsider the matter afresh.

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📢 Adobe Systems Wins 10% Tax Rate on Income Tax Refund Interest Under India-Ireland DTAA

ITAT allows taxpayer to avail the beneficial 10% tax rate under the India-Ireland DTAA on interest received from income-tax refunds for AYs 2018-19 and 2019-20, along with TDS credit relief.

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📢 High Court Holds Retrospective Section 147A of Income Tax Act As Unconstitutional

The Punjab and Haryana High Court has declared Section 147A of the Income tax Act, 1961 unconstitutional.

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📢 Rs 2.67 Crore Income Tax Penalty Quashed by ITAT as AO Failed to Clearly Specify Whether Case Involved Concealment or Inaccurate Particulars

ITAT Delhi quashed the Rs 2.67 crore penalty, holding that the AO’s failure to clearly specify the penalty charge in the Section 271(1)(c) notice rendered the proceedings invalid.

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📢 ITAT Remands Deegee Software Rental Income Dispute to AO for Fresh Adjudication

ITAT admitted Deegee Software’s additional ground on the tax treatment of rental income and restored the dispute to the AO for fresh consideration.

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📢 ITAT Rules LLP Subject to Statutory Audit Under LLP Law get Extended ITR Due Date

The ITAT Mumbai has held that LLP required to be audited under LLP Act and Rules is entitled to the extended return filing.

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📢 HDFC Life Faces Rs 3,365 Crore GST Demand, Penalty; To Appeal Order

HDFC Life faces a Rs 3,365 crore GST demand and penalty, and plans to challenge the order before the GST Appellate Tribunal.

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📢 ITAT Deletes Rs 1.13 Crore Transfer Pricing Adjustment, Flags Inconsistent Depreciation Treatment

ITAT deleted the Rs 1.13 crore transfer pricing adjustment after finding that depreciation was treated inconsistently while comparing the assessee’s operating margin with comparable companies.

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How to Pay Advance Tax!

https://x.com/PratibhaGoyal/status/2098699321021743536?s=20

📢 Rs 24 Crore Cyber Fraud: Mumbai Police Arrest 3 for Supplying Mule Bank Accounts, 2,898 SIMs

Mumbai Police arrested three accused for allegedly supplying mule bank accounts and SIM cards to a cyber fraud network involved in transactions linked to around Rs 24 crore.

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📢 ITAT Remands Tax Dispute to Assessing Officer, Directs Fresh Review After Assessee Cites Lack of Proper Opportunity and Non-Supply of Documents

ITAT remands the tax dispute to the Assessing Officer for fresh review after finding that the assessee was not given proper opportunity or relevant documents.

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📢 ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief

ITAT deleted Rs 30,108 in TDS and TCS penalties, holding that its bona fide beliefs constituted reasonable cause under Section 273B of the Income Tax Act.

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📢 ITAT Gives Taxpayer Another Chance to Prove Professional, Commission Expenses and Section 80GG Deduction Claims

The Mumbai ITAT gave the taxpayer another opportunity to substantiate professional, commission expenses and Section 80GG deduction claims before the CIT(A).

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📢 CBI Arrests CGST Superintendent and a Consultant in Rs 1 Crore Bribery Case

The CBI has arrested a CGST Superintendent and a consultant acting as an intermediary for an alleged demand of Rs 1 crore bribe.

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📢 ITAT Dismisses Dell Employee’s Appeal, Holds Address in Meghalaya Not Enough to Claim Section 10(26) Salary Exemption

ITAT dismissed a Section 10(26) exemption claim on salary income, holding that she failed to prove her income arose from a source situated in the notified area.

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📢 CA Association Seeks Extension in Due Dates of Tax Audit, Form 10B/10BB and ITR Filing for AY 2026-27

The Chartered Accountants Association, Jalandhar, has urged Finance Minister to extend Tax Audit Report, Forms 10B/10BB and ITR filing deadlines for AY 2026-27.

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