Judgement

The ITAT Ahmedabad rules that higher stamp duty value arising solely from conversion of agricultural land into non-agricultural land does not justify addition.

ITAT Holds Stamp Duty Value Cannot Override Agreed Consideration

ITAT condones over 1,000 days delay, remands the case for fresh assessment, and gives the taxpayer another chance to explain Rs 19.02 lakh in credit card expenses and salary income.

ITAT Condones Delay of Over 1,000 Days, Gives Taxpayer Fresh Opportunity to Explain Rs.19.02 Lakh Credit Card Expenses and Salary Income

ITAT remands Rs 75.07 lakh depreciation disallowance to the AO for fresh assessment after directing verification of the correct WDV and supporting evidence.

WDV Mismatch in ITR: ITAT Remands Rs 75.07 Lakh Depreciation Disallowance Dispute to AO for Fresh Assessment

The ITAT Ahmedabad ruled CIT(E)’s denial of renewal based on Diamond Bourse’s commercial activities was erroneous. 

ITAT Allows Renewal of 12A Registration And Holds Objects Charitable Under Section 2(15)

The ITAT Delhi grants relief on Comparables and Other Disallowances while directing fresh TP computation.

ITAT Rejects Retrospective Application of Omitted Section 92BA(i)

The ITAT Delhi holds that lower authorities failed to properly examine evidence on rural agricultural land.

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ITAT Holds Stamp Duty Value Cannot Override Agreed Consideration

ITAT Condones Delay of Over 1,000 Days, Gives Taxpayer Fresh Opportunity to Explain Rs.19.02 Lakh Credit Card Expenses and Salary Income

WDV Mismatch in ITR: ITAT Remands Rs 75.07 Lakh Depreciation Disallowance Dispute to AO for Fresh Assessment

ITAT Allows Renewal of 12A Registration And Holds Objects Charitable Under Section 2(15)

ITAT Rejects Retrospective Application of Omitted Section 92BA(i)

ITAT Remands Taxability Dispute Over Rural Agricultural Land Compensation for Fresh Consideration