Judgement

ITAT condoned 608-day delay, set aside the ex parte CIT(A) order, and remanded the Rs 79.28 lakh addition and consequential penalty for fresh adjudication with a Rs 10,000 cost.

ITAT Condones 608-Day Delay in Rs 79.28 Lakh Addition Dispute, Remands Case for Fresh Adjudication Citing Natural Justice

The ITAT Delhi holds unsecured loans and share capital received from existing directors cannot be treated as Unexplained Cash Credits.

 ITAT Deletes Section 68 Addition on Loans and Share Capital from Directors

The ITAT Mumbai held that liability accrued under Mercantile System cannot be disallowed merely because it remained unpaid.

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

News

Share India Securities faces a Rs 1 lakh penalty from NSE Clearing for violating MWPL rules, with no material impact on its operations or finances.

Share India Securities Discloses NSE Clearing Penalty for Violation of Market Wide Position Limit Rules

The ITAT Ahmedabad sets aside reassessment order, directs AO to reconsider cash deposits, loan and expenses.

ITAT Directs AO to Reconsider Cash Deposits, Loan and Expenses 

The Gujarat High court rejects reliance on Later-Inserted Section 244A(1B).

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ITAT Condones 608-Day Delay in Rs 79.28 Lakh Addition Dispute, Remands Case for Fresh Adjudication Citing Natural Justice

ITAT Deletes Section 68 Addition on Loans and Share Capital from Directors

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

Share India Securities Discloses NSE Clearing Penalty for Violation of Market Wide Position Limit Rules

ITAT Directs AO to Reconsider Cash Deposits, Loan and Expenses

High Court Upholds Refund Interest Governed by Section 244A (1)(b)