Judgement

ITAT upheld the deletion of bogus LTCG and commission additions, citing earlier tribunal relief, SEBI’s clean chit, and absence of fresh evidence, and dismissed the Revenue’s appeal.

ITAT Dismisses Revenue Appeal for Lack of Evidence, Upholds Deletion of Rs. 2.92 Crore Bogus LTCG Addition

ITAT Delhi holds that Section 56(2)(viib) does not apply to share issues made to non-resident investors

ITAT Quashes Rs. 418 Crore Share Premium Addition for Hero Fincorp: Non-Resident Clause Clarified

ITAT holds that assessments were beyond the permissible block period under Section 153C, following Supreme Court law

ITAT: Section 153C Assessments Time-Barred When Satisfaction Note Recorded Late

Since the factual conditions of Section 54F, such as the timing of investment and quantum of investment, were not verified earlier, the Tribunal remanded the matter back to the Assessing Officer.

ITAT Allows Fresh Review of Capital Gains Exemption Claimed Under Section 54F

Tribunal holds that selective funding of political content and editorial influence violated charitable objectives under Section 12AB

Selective Funding of Political Content Justifies Cancellation of Section 12AB Registration: ITAT

Tribunal rules that technical errors in paperwork cannot deny Section 11(2) benefits. The trust’s actual use of funds for charitable purposes was fully established.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Dismisses Revenue Appeal for Lack of Evidence, Upholds Deletion of Rs. 2.92 Crore Bogus LTCG Addition

ITAT Quashes Rs. 418 Crore Share Premium Addition for Hero Fincorp: Non-Resident Clause Clarified

ITAT: Section 153C Assessments Time-Barred When Satisfaction Note Recorded Late

ITAT Allows Fresh Review of Capital Gains Exemption Claimed Under Section 54F

Selective Funding of Political Content Justifies Cancellation of Section 12AB Registration: ITAT

Technical mistake in Form 10 alone is not enough to deny benefit to trust: ITAT