Judgement

ITAT upheld the CIT(A)'s ruling, holding that ad-hoc expense disallowances without rejecting audited books or proving defects cannot be sustained.

ITAT Dismisses Rs. 8.82 Crore Addition; Holds Estimated Disallowances Not Allowed Without Proof

ITAT held that salary earned and first received outside India by a non-resident is not taxable in India merely because it was later credited to an NRE bank account.

Foreign Salary of Non-Resident Not Taxable in India Merely Due to NRE Account Credit: ITAT

News

Around 24.64 lakh ITR remain unprocessed for over 90 days due to technology-driven risk checks.

ITR Processing Backlog: Why Lakhs of Taxpayers Are Still Waiting for Refund

Waiver of foreign creditor liability offered to tax in later year; addition for AY 2013-14 held unsustainable

ITAT Deletes Addition; Holds Mere Long Outstanding Liability Does Not Amount to Cessation

ITAT dismissed both the assessee’s and Revenue’s appeals as infructuous due to an ongoing IBC moratorium.

Appeals Dismissed as Infructuous Due to Ongoing IBC Proceedings and Moratorium: ITAT

The ITAT ruled that notices and the consequential assessment order passed in the name of the dead entity are invalid if the AO is aware of the amalgamation.

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ITAT Dismisses Rs. 8.82 Crore Addition; Holds Estimated Disallowances Not Allowed Without Proof

Foreign Salary of Non-Resident Not Taxable in India Merely Due to NRE Account Credit: ITAT

ITR Processing Backlog: Why Lakhs of Taxpayers Are Still Waiting for Refund

ITAT Deletes Addition; Holds Mere Long Outstanding Liability Does Not Amount to Cessation

Appeals Dismissed as Infructuous Due to Ongoing IBC Proceedings and Moratorium: ITAT

Assessment Order Cannot Be Passed Against Non-Existent Entity: ITAT Rules in Favour of Bank of Baroda