ITAT Archives - Faceless Compliance

ITAT Hyderabad Deletes Addition: Books of Accounts Cannot Be Rejected Without Identifying Specific Defects

By Mahesh Mara December 1, 2025ITATNo Comments

ITAT Hyderabad Deletes Addition: Books of Accounts Cannot Be Rejected Without Identifying Specific Defects In a significant and taxpayer-friendly judgment, the Income Tax Appellate Tribunal (ITAT) Hyderabad has ruled that…

CBDT Launches 2nd NUDGE Initiative to Improve Voluntary Compliance of Foreign Assets: A Step Toward Transparency and Responsible Tax Reporting

By Mahesh Mara November 27, 2025CBDT, CBDT Amnedment, Circulars, INCOME TAX, ITAT, ITR, Salaried Employees, Tax Audit, Tax CreditNo Comments

CBDT Launches 2nd NUDGE Initiative to Improve Voluntary Compliance of Foreign Assets: A Step Toward Transparency and Responsible Tax Reporting The Central Board of Direct Taxes (CBDT) has announced its…

ITAT Rules That Low Income of Investors Cannot Trigger Section 68 Addition: A Major Relief for Taxpayers

By Mahesh Mara November 26, 2025ITATNo Comments

ITAT Rules That Low Income of Investors Cannot Trigger Section 68 Addition: A Major Relief for Taxpayers The Income Tax Appellate Tribunal (ITAT) has once again clarified the scope of…

Joint Ownership Not a Barrier for Section 54F Exemption: ITAT Delhi Offers Major Relief to Taxpayers

By Mahesh Mara November 26, 2025ITATNo Comments

Joint Ownership Not a Barrier for Section 54F Exemption: ITAT Delhi Offers Major Relief to Taxpayers Section 54F of the Income Tax Act has always been a crucial provision offering…

Section 68 Cannot Apply to Household Support from Husband: Detailed Analysis of ITAT Hyderabad Ruling

By Mahesh Mara November 25, 2025ITATNo Comments

Section 68 Cannot Apply to Household Support from Husband: Detailed Analysis of ITAT Hyderabad Ruling Household support between spouses is a normal and accepted part of family life. However, in…

Investments Already Accepted in Earlier Scrutiny Cannot Be Treated as Bogus u/s 68 on Sale: ITAT Kolkata Ruling Explained

By Mahesh Mara November 24, 2025ITATNo Comments

Investments Already Accepted in Earlier Scrutiny Cannot Be Treated as Bogus u/s 68 on Sale: ITAT Kolkata Ruling Explained The Income Tax Appellate Tribunal (ITAT), Kolkata, recently delivered an important…

ITAT Hyderabad Deletes Addition: Books of Accounts Cannot Be Rejected Without Identifying Specific Defects

CBDT Launches 2nd NUDGE Initiative to Improve Voluntary Compliance of Foreign Assets: A Step Toward Transparency and Responsible Tax Reporting

ITAT Rules That Low Income of Investors Cannot Trigger Section 68 Addition: A Major Relief for Taxpayers

Joint Ownership Not a Barrier for Section 54F Exemption: ITAT Delhi Offers Major Relief to Taxpayers

Section 68 Cannot Apply to Household Support from Husband: Detailed Analysis of ITAT Hyderabad Ruling

Investments Already Accepted in Earlier Scrutiny Cannot Be Treated as Bogus u/s 68 on Sale: ITAT Kolkata Ruling Explained

Cash Deposits During Demonetisation Accepted as Genuine Business Sales: ITAT Deletes Double Addition

Rebate Under Section 87A Cannot Be Denied by Excluding LTCG: ITAT Chennai’s Important Ruling

ITAT Delhi Deletes Penalty Under Section 271F: Timely Filing of Return Saves the Assessee

ITAT Mumbai Rules: Infrastructure Grants for Road Projects Are Capital, Not Revenue Receipts

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