Judgement

The ITAT granted relief from enhanced Section 14A disallowance due to lack of mandatory satisfaction by the AO and remanded the expected loss provision issue for fresh examination.

ITAT Holds Rule 8D Cannot Be Invoked Without Recording Satisfaction, Remands Rs 119.56 Crore Expected Loss Claim

The Income Tax Appellate Tribunal (ITAT) Delhi has deleted the addition made towards long-term capital gains and allowed the assessee's claim of long-term capital loss amounting to Rs 2.94 crore.

ITAT Deletes Addition And Allows Rs 2.94 Crore Long Term Capital Loss Claim on Sale of Jointly Owned Property

ITAT holds demat transfer taxable while permitting examination of other deduction and loss claims.

Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

ITAT allows business loss claims, deletes Section 68 addition and Section 14A disallowance.

ITAT Allows Write-Off of Rs 54.88 Crore as Business Loss, Rejects Revenue’s Multiple Disallowances

High Court condones seven-day delay in filing ITR and restores carry forward loss benefit to taxpayer.

Belated ITR Filing: HC Directs Condonation of Delay for Carry Forward Loss Claim

ITAT Rules in favour of assessee to claim long-term capital gains and losses after corporate restructuring under family settlement.

Explore Our Blogs

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

ITAT Holds Rule 8D Cannot Be Invoked Without Recording Satisfaction, Remands Rs 119.56 Crore Expected Loss Claim

ITAT Deletes Addition And Allows Rs 2.94 Crore Long Term Capital Loss Claim on Sale of Jointly Owned Property

Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

ITAT Allows Write-Off of Rs 54.88 Crore as Business Loss, Rejects Revenue’s Multiple Disallowances

Belated ITR Filing: HC Directs Condonation of Delay for Carry Forward Loss Claim

ITAT Upholds Capital Gains and Loss Claims in Family Settlement Restructuring