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ITAT Allows Section 80 JJAA Deduction, Holds Return and Form 10 DA Filed Within Due Date
32+ min ago (390+ words) ITAT allowed Mindteck's Section 80 JJAA deduction of Rs. 11. 90 lakh, holding that both the income tax return and Form 10 DA were filed within the extended due date. Vanshika verma | Jun 20, 2026 | ITAT Allows Section 80 JJAA Deduction, Holds Return and Form 10 DA Filed…...
Auto Components Manufacturer Got Rs 10. 39 Crore Scrap Credit Disallowance Deleted; ITAT Rejects Ad-Hoc Expense Additions and Turnover Mismatch Adjustment
2+ hour, 30+ min ago (483+ words) Scrap liability to M&M held genuine; turnover mismatch, staff welfare and other estimated additions quashed by Tribunal. Meetu Kumari | Jun 20, 2026 | Auto Components Manufacturer Got Rs 10. 39 Crore Scrap Credit Disallowance Deleted; ITAT Rejects Ad-Hoc Expense Additions and Turnover Mismatch Adjustment…...
Civil Contractor Faced Rs. 1. 51 Crore Addition After AO Applied 10% Profit Rate on Rs. 26. 94 Crore Receipts; ITAT Orders Fresh Examination and 8% Profit Estimation
1+ hour, 54+ min ago (244+ words) The ITAT remanded the case of a Mysore civil contractor to the AO for fresh verification of turnover and directed profit estimation at 8% after reconciliation of records. Saloni Kumari | Jun 20, 2026 | Civil Contractor Faced Rs. 1. 51 Crore Addition After AO Applied 10% Profit…...
Single GST Show Cause Notice Covering 4 Financial Years and Rs. 2. 54 Crore Demand Invalid; Bombay High Court Quashes Entire Proceedings
18+ hour, 3+ min ago (369+ words) High Court quashes GST demand holding multiple financial years cannot be clubbed together. Meetu Kumari | Jun 19, 2026 | Single GST Show Cause Notice Covering 4 Financial Years and Rs. 2. 54 Crore Demand Invalid; Bombay High Court Quashes Entire Proceedings Also Read Bombay High Court…...
Income Tax Breaking: CBDT Releases Excel Utility for ITR-3 Form on E-Filing Portal (AY 2026-27)
23+ hour, 50+ min ago (314+ words) Saloni Kumari | Jun 19, 2026 | Income Tax Breaking: CBDT Releases Excel Utility for ITR-3 Form on E-Filing Portal (AY 2026-27) The Income Tax Department has released the Excel Utility for the ITR-3 form for Assessment Year 2026-27 (Financial Year 2025-26) on the official e-filing portal....
CA Claimed Rs. 50 Lakh Bank Transfers Were Repayment of Cash Loan; Delhi High Court Rejects Defence, Orders Recovery of Rs. 72. 14 Lakh
19+ hour, 27+ min ago (519+ words) CA Received Rs. 50 Lakh Through Bank Transfers, Claimed It Was Repayment of Cash Advance; Delhi High Court Upholds Rs. 72. 14 Lakh Recovery Decree Based on Account Confirmation Meetu Kumari | Jun 19, 2026 | CA Claimed Rs. 50 Lakh Bank Transfers Were Repayment of Cash Loan;…...
Contractor Faced Rs. 15. 11 Lakh Service Tax Demand Based Solely on Form 26 AS; High Court Quashes Demand, Interest and Penalties
18+ hour, 29+ min ago (332+ words) High Court quashes service tax demand based solely on Form 26 AS entries and assumptions. Meetu Kumari | Jun 19, 2026 | Contractor Faced Rs. 15. 11 Lakh Service Tax Demand Based Solely on Form 26 AS; High Court Quashes Demand, Interest and Penalties Also Read Allahabad High…...
Examination Records Safe and Secure, ICAI Clarifies Amid Data Leak Claims
21+ hour, 2+ min ago (288+ words) ICAI has denied social media claims of a data leak, stating that examination records remain secure and that the reported website is only an examiner training portal. Vanshika verma | Jun 19, 2026 | Examination Records Safe and Secure, ICAI Clarifies Amid Data Leak…...
Real Estate Company Faced Rs. 5. 75 Crore Tax Addition After Reassessment; ITAT Deletes Addition as It Was Not Part of Reopening Reasons
23+ hour ago (301+ words) The ITAT held that the AO cannot make additions on issues unrelated to the reason for reopening when no addition is made on the original escapement ground, deleting a Rs 5. 75 crore disallowance. Saloni Kumari | Jun 19, 2026 | Real Estate Company Faced Rs....
ITAT Condones Nearly 3-Year Delay Caused by President's Illness, Demise and COVID Disruptions
23+ hour, 55+ min ago (274+ words) ITAT condoned a 2. 10-Year appeal delay caused by the President's illness, demise, and COVID-19 disruptions, directing a fresh hearing on merits. Vanshika verma | Jun 19, 2026 | ITAT Condones Nearly 3-Year Delay Caused by President's Illness, Demise and COVID Disruptions The Kolkata Bench…...