Brother got Rs 10 lakh cash from two sisters, tax dept had doubt and sent notice; he fought back and won case in ITAT Agra

The assessee’s own bank statements corroborating the receipts. The main reason the brother (assessee) won the case was that ...

Tax dept deducted Rs 10 lakh from guy’s bank a/c on suspicion of income concealment; he fights back and wins case in ITAT Ahmedabad

A Gujarati businessman successfully challenged the Income Tax department's action. The department had debited Rs 10 lakh from ...

Homebuyer claims Section 80C tax deduction for home loan repayment, tax dept challenges it — ITAT Panaji rules in his favour

Homebuyer claimed Section 80C tax deduction for home loan repayment, tax dept doubted the bank’s ability to give home loan ...
Tax Guru

ITAT Raipur Condoned 93-Day Delay, Remands Cash Deposit Case for Fresh Adjudication

The ITAT Raipur condoned a 93-day delay citing the medical student's hectic schedule and remanded the Rs. 11,82,000/− unexplained cash deposit addition under Section 69A to the CIT(A) for a de novo ...
Tax Guru

ITAT Restores ₹22.01L Bank Deposits to AO After Ignored Affidavits & Sale Deeds

The ITAT Agra set aside the NFAC's order confirming a Rs. 22,01,000/− cash deposit addition, citing the NFAC's failure to follow earlier verification directions and admitting new legal grounds under ...