Judgement

ITAT deleted a Rs 20.65 lakh ad hoc commission disallowance, holding that estimation alone cannot justify an addition without identifying any bogus or non-business payment.

ITAT Deletes Rs 20.65 Lakh Commission Disallowance, Rules AO Cannot Disallow Commission Expenses Merely on Estimation

The ITAT Mumbai ruled mere allegations of price manipulation cannot justify Section 68 addition.

ITAT Rules General Investigation Report Cannot Establish Bogus LTCG

ITAT remands the Rs 32.55 lakh Section 69C addition over alleged bogus purchases to the AO for fresh verification of all supporting documents. 

ITAT Remands Section 69C Unexplained Expenditure Addition After Taxpayer Submits Supporting Documents

ITAT quashes the Section 263 revision over Rs 40.80 crore alleged bogus purchases, holding that the AO had adopted a legally permissible view, and the issue was already pending before CIT(A).

ITAT Quashes Section 263 Revision, Holds PCIT Cannot Invoke Section 263 Where AO Adopted a Plausible View

ITAT deletes Rs 11.82 crore in alleged bogus purchase additions after finding the transactions supported by transport, toll, stock, and banking records.

ITAT Deletes Rs 11.82 Crore Bogus Purchase Additions After Finding Genuine Purchases Supported by Toll, Transport, and Banking Records

ITAT deletes Rs 14 lakh in bogus purchase addition against Amit Agarwal after finding that the department failed to independently prove the cement purchases were non-genuine.

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ITAT Deletes Rs 20.65 Lakh Commission Disallowance, Rules AO Cannot Disallow Commission Expenses Merely on Estimation

ITAT Rules General Investigation Report Cannot Establish Bogus LTCG

ITAT Remands Section 69C Unexplained Expenditure Addition After Taxpayer Submits Supporting Documents

ITAT Quashes Section 263 Revision, Holds PCIT Cannot Invoke Section 263 Where AO Adopted a Plausible View

ITAT Deletes Rs 11.82 Crore Bogus Purchase Additions After Finding Genuine Purchases Supported by Toll, Transport, and Banking Records

ITAT Deletes Rs 14 Lakh Addition as Tax Authorities Fail to Prove Cement Purchases Were Bogus