Day: August 6, 2026

Assessee is eligible for claiming deduction under Chapter VIA under Section 80IE of the Income Tax Act 1961 on the increased income. In a recent judgment, ITAT has held that assessee is eligible for deduction under Chapter VIA under Section 80IE of the Act on the increased income …

Assessee could not be faulted for showing only cash in hand and bank balance as capital following presumptive taxation when there was no mandate to provide particular set of information in ITR In a recent judgment, ITAT has held that when assesse had taken a recourse to filing …