ITAT Ahmedabad dismissed the Revenue’s appeal, confirming CIT(A)’s deletion of ₹1.06 crore addition under Section 41(1). The tribunal held that the unsecured loans were used for capital expenditure, ...

Chennai ITAT remanded an ex parte assessment back to the CIT(A) after the assessee filed an affidavit promising full cooperation and no adjournments. The appeal was allowed for statistical ...

As established in Maxopp Investment Ltd. v. CIT (2018) 402 ITR 640 (SC), the AO must provide reasons before invoking Rule 8D ...

Canberra Institute of Technology has not been offering remedial massage training for more than a year due to a "review".

Actress Aishwarya Rai Bachchan secured a significant win in her tax case. The Income Tax Appellate Tribunal in Mumbai ruled ...

The Mumbai bench of the income tax appellate tribunal (ITAT) has ruled in favour of actor Aishwarya Rai Bachchan, deleting a ...

Aishwarya Rai Bachchan secures a favourable ruling in a high-profile income tax case, as ITAT Mumbai overturns a Rs 4 crore tax disallowance relating to exempt income claims and clarifies procedural ...

Aishwarya Rai Bachchan won her income tax case after ITAT Mumbai removed a Rs 4 crore disallowance raised by the department. The tribunal said the assessing officer failed to justify the additional ...

The Drake men's basketball team tried to mount a comeback Saturday in the second round of the collegeinsider.com Postseason Tournament but fell short. The Bulldogs' 81-72 road loss to Northern ...

Retired govt employee claims Rs 20 lakh gratuity exemption; tax dept imposes Rs 2.2 lakh penalty; ITAT Cochin rules in his ...

Bollywood star Aishwarya Rai Bachchan has scored a major victory against the Income Tax Department, winning a Rs 4-crore tax dispute in the Income Tax Appellate Tribunal (ITAT) Mumbai, multiple ...

Another fallback, as cited by Treasury Secretary Scott Bessent, is to drag out of the woodwork section 338 of the Smoot ...