Judgement

The ITAT dismissed Revenue’s appeals, ruling that BRR Securities, being merely a conduit entity, could not be subjected to protective additions.

ITAT Delhi Deletes Protective Additions in Accommodation Entry Case; Revenue’s Appeals Dismissed

The ITAT Delhi invalidates reassessment proceedings initiated merely by relying on information received from the CRUI module insight portal without independently examining the facts.

Case Reopening Merely Relying on Information Received from Insight Portal Held Invalid: ITAT

ITAT held that lease rental earned from a commercially exploited complex under a development agreement is taxable as business income and not as income from house property.

ITAT: Lease Rental from Commercial Complex Taxable as Business Income, Not House Property Income

Tribunal deletes additions after finding no evidence beyond investigation reports and third-party allegations.

ITAT Deletes Bogus Purchase and Loan Additions Lacking Evidence.

ITAT Deletes Bogus Purchase and Loan Additions Lacking Evidence

ITAT deletes penalty, holding education cess claim was bona fide and fully disclosed.

ITAT Deletes Penalty on Education Cess Deduction Claimed Bona Fide

The ITAT upholds the commission income addition after finding the assessee facilitated accommodation entry transactions through fund routing.

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ITAT Delhi Deletes Protective Additions in Accommodation Entry Case; Revenue’s Appeals Dismissed

Case Reopening Merely Relying on Information Received from Insight Portal Held Invalid: ITAT

ITAT: Lease Rental from Commercial Complex Taxable as Business Income, Not House Property Income

ITAT Deletes Bogus Purchase and Loan Additions Lacking Evidence

ITAT Deletes Penalty on Education Cess Deduction Claimed Bona Fide

ITAT Validates Commission Estimation on Funds Routed Through Banking Channels