Daily Archives: November 8, 2025

ITR REFUND PROCESSING आयकर विभाग ने रिफंड देने से पहले मांगे दस्तावेज ! INCOME TAX LATEST UPDATE

ITAT Allows Deduction for Bank Transaction Charges Against Interest Income. Issue Whether bank transaction charges levied by a bank are an allowable expenditure under Section 57 of the Income-tax Act against the interest income earned by the assessee from the same bank. Facts The assessee had declared interest income totaling ₹2,71,511, which was earned from… Read More »

ITAT Deletes Addition as AO Ignored “Glaring Facts” Available on Record. Issue Whether an ex-parte addition for unexplained investment under Section 69 can be sustained when the primary evidence on the Assessing Officer’s (AO) own record—the sale deed—clearly contradicts the basis of the addition? Facts The assessee’s case was reopened for Assessment Year 2018-19 based… Read More »