Judgement

ITAT upheld PCIT’s revision, holding that excess depreciation due to unadjusted government grants warranted reassessment.

ITAT: Excess Depreciation on Govt-Funded Assets Triggers Fresh Tax Assessment

ITAT Delhi dismisses Revenue’s appeal as AMP issue covered under unilateral APA; remands Rs.1.63 crore disallowance u/s 40(a)(i) to AO for factual verification of cost allocations and DTAA applicability.

ITAT Remands Rs.1.63 Crore Disallowance u/s 40(a)(i) for Fresh Verification; Dismisses Revenue’s AMP Adjustment Grounds as Covered under APA

ITAT Remands Rs.1.63 Crore Disallowance u/s 40(a)(i) for De Novo Consideration

High Court directs immediate release of bank accounts attached under Section 226(3) after 20% deposit of demand; allows assessee to seek relief before CIT for remaining balance

Delhi High Court Allows De-Attachment of Bank Accounts on Deposit of 20% Demand

Since the non-compliance was due to the ngeligence of the consultant, the tribunal believed that the matter deserved a fresh look.

ITAT Ahmedabad Restores Matter for Fresh Hearing Over Consultant's Negligence

Since the AO and CIT(A) did not properly verify the reconciliation, the ITAT decided that the matter needs fresh consideration.

ITAT Remands Case of Mismatch in Form 26AS Due to Project Completion Method

Tribunal held that reopening based solely on an Investigation Wing report mentioning the wrong company name and incorrect figures is invalid.

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ITAT: Excess Depreciation on Govt-Funded Assets Triggers Fresh Tax Assessment

ITAT Remands Rs.1.63 Crore Disallowance u/s 40(a)(i) for De Novo Consideration

Delhi High Court Allows De-Attachment of Bank Accounts on Deposit of 20% Demand

ITAT Ahmedabad Restores Matter for Fresh Hearing Over Consultant's Negligence

ITAT Remands Case of Mismatch in Form 26AS Due to Project Completion Method

ITAT Quashes Reopening Under Section 147; Reasons Based on Wrong Facts and Mechanical Approval Invalid