Judgement

The Income Tax Appellate Tribunal (ITAT) Delhi held that professional legal services provided by foreign law firms cannot automatically be treated as Fees for Technical Services (FTS) under Section 9(1)(vii) of the Income Tax Act.

ITAT Deletes Addition Against UK LLP Holding Legal Services by Foreign Law Firm Not Taxable as FTS

The Income Tax Appellate Tribunal (ITAT) Ahmedabad has restored the issue relating to addition under Section 56(2)(x) of the Income Tax Act, 1961 to the file of the Assessing Officer for fresh adjudication.

ITAT Remands Addition Made on Property Purchase Value Difference And Directs Fresh Examination of the Addition under Section 56(2)(x)

ITAT held that where corresponding sales are accepted, only the profit element embedded in alleged bogus purchases can be taxed, restricting the addition to 8% of the disputed purchases

ITAT Restricts Bogus Purchase Addition to 8% Profit Element, Grants Major Relief to Taxpayer

ITAT holds incorrect audit form filing is curable and cannot defeat eligible deduction.

ITAT Allows Section 10AA Claim Despite Filing Wrong Form; Procedural Error Held Curable

The ITAT condoned a 461-day delay and remanded the capital gains dispute arising from a Joint Development Agreement for fresh adjudication.

ITAT Condones 461-Day Delay, Restores Capital Gains Appeals for Fresh Adjudication in JDA Dispute

The ITAT condoned an 89-day delay and remanded a Rs 10.53 crore unexplained income addition case to the AO after finding that the assessee was denied a fair opportunity of hearing.

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ITAT Deletes Addition Against UK LLP Holding Legal Services by Foreign Law Firm Not Taxable as FTS

ITAT Remands Addition Made on Property Purchase Value Difference And Directs Fresh Examination of the Addition under Section 56(2)(x)

ITAT Restricts Bogus Purchase Addition to 8% Profit Element, Grants Major Relief to Taxpayer

ITAT Allows Section 10AA Claim Despite Filing Wrong Form; Procedural Error Held Curable

ITAT Condones 461-Day Delay, Restores Capital Gains Appeals for Fresh Adjudication in JDA Dispute

ITAT Grants Second Opportunity to NRI Assessee, Remands Rs 10.53 Crore Unexplained Income Addition Case to AO