Day: April 18, 2026

Clipped from: https://taxguru.in/income-tax/unverified-sundry-creditors-40-a-ia-issues-remanded-bang-itat-slams-non-speaking-order.html Shanker Mahadevan Iyer Vs ITO (ITAT Bangalore) The Bangalore ITAT set aside additions relating to sundry creditors (₹49.43 lakh) and TDS disallowance u/s 40(a)(ia) (₹3.74 lakh),

lipped from: https://www.taxscan.in/top-stories/itat-deletes-1269-cr-addition-upholds-loan-repayment-not-taxable-as-unexplained-credit-1444996 ITAT held that loan repayments cannot be treated as unexplained cash credits under Section 68. The Income Tax Appellate Tribunal (ITAT) Mumbai Bench

Clipped from: https://www.taxscan.in/top-stories/repayment-of-short-term-deposit-cannot-be-treated-as-unexplained-cash-credit-itat-deletes-26-cr-addition-1445084 ITAT held that repayment of short-term deposits through banking channels cannot be treated as unexplained cash credit under Section 68. The Income Tax

Clipped from: https://www.business-standard.com/finance/personal-finance/nominee-vs-legal-heir-why-your-pf-gratuity-may-not-go-where-you-think-126041701064_1.html Nomination enables payout, but ownership follows the will or succession law, says expert A nominee in provident fund (PF) or gratuity does not