Judgement

The ITAT granted the assessee another opportunity and remanded the Rs 1.55 crore disallowance matter to the CIT(A) for fresh adjudication.

ITAT Gives Fresh Opportunity to Assessee, Remands Rs 1.55 Crore Disallowance Matter to CIT(A)

The ITAT Delhi holds that expenditure not claimed in the Profit & Loss Account cannot be disallowed due to delayed deduction of TDS.



ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress 

The ITAT Ahmedabad rules that a bona fide deduction claim cannot attract penalty for Misreporting without evidence of false particulars

ITAT Says Mere Disallowance of Section 80GGC Deduction Does Not Amount to Misreporting of Income

The ITAT rules that disallowance of deduction under Section 80GGC, without evidence of false particulars or deliberate concealment, cannot justify penalty under Section 270A.

ITAT Says Mere Rejection of Section 80GGC Deduction Is Not Misreporting

The ITAT deleted a Rs. 43.03 lakh tax addition, holding that the AO cannot make ad hoc disallowances of purchases and expenses without identifying specific defects or bogus transactions.

ITAT Deletes Rs. 43.03 Lakh Tax Addition, Says AO Cannot Make Ad Hoc Disallowance of Purchases Without Specific Defects

The ITAT Rules that estimated disallowance cannot be made without identifying defective or bogus transactions. 

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ITAT Gives Fresh Opportunity to Assessee, Remands Rs 1.55 Crore Disallowance Matter to CIT(A)

ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress

ITAT Says Mere Disallowance of Section 80GGC Deduction Does Not Amount to Misreporting of Income

ITAT Says Mere Rejection of Section 80GGC Deduction Is Not Misreporting

ITAT Deletes Rs. 43.03 Lakh Tax Addition, Says AO Cannot Make Ad Hoc Disallowance of Purchases Without Specific Defects

ITAT Holds Ad Hoc Disallowance of Purchases and Expenses Without Evidence As Unsustainable