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

Articles

Oil and Natural Gas Corporation Ltd. received a demand order from Central Tax Authority for payment of SAED which Co. intends to contest via an appeal.

ONGC Receives Tax Demand Order on SAED from Central Tax Authority

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

News

UP CM reviews tax revenue performance, urging fair enforcement, better compliance, and support for honest taxpayers during festive season.

Festive Season: CM Yogi Tells Tax Officials to Avoid Unnecessary Raids

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

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