IT Judgement

Recent Posts

• Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade
• No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT
• Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT
• Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury
• Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT
• Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.
• Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid
• ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman:
• Companies Amendment Bill: A Step Towards Ease of Doing Business
• Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT