Judgement

ITAT holds share losses taxable under the capital gains head, recognising long-standing investor status.

ITAT: Dolly Khanna’s Rs 54.23 Crore Short-Term Capital Loss Cannot Be Treated as Business Loss Merely Due to High Volume Share Transactions

The ITAT Delhi remands 8% commission estimation case to the CIT(A) for fresh consideration, noting taxpayer was not granted fair opportunity of hearing.

Estimation of 8% Solely Based on Assumptions Not Admissible under Law; ITAT Restores Appeal Before CIT(A) 

ITAT reduces estimated profit rate to 0.5%, recognizing low margins in newspaper publishing.

ITAT Cuts Estimated Profit from 15% to 0.5% in Newspaper Publishing Business

ITAT restored an addition, holding that an alleged accommodation entry routed through a shell company could not be treated as a genuine loan despite subsequent repayment.

ITAT Upholds Section 68 Addition for Alleged Accommodation Entry, Allows Revenue Appeal

ITAT rules that for Section 153C proceedings, the relevant date is the non-searched person's AO's satisfaction date, not the original search date.

ITAT: For Section 153C, Relevant Date Is AO’s Receipt of Seized Documents, Not Search Date

The ITAT Delhi has granted major relief to the taxpayer in the Rs 30.55 lakh unexplained cash deposits case by restricting the addition to just Rs 20 lakh.

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ITAT: Dolly Khanna’s Rs 54.23 Crore Short-Term Capital Loss Cannot Be Treated as Business Loss Merely Due to High Volume Share Transactions

Estimation of 8% Solely Based on Assumptions Not Admissible under Law; ITAT Restores Appeal Before CIT(A)

ITAT Cuts Estimated Profit from 15% to 0.5% in Newspaper Publishing Business

ITAT Upholds Section 68 Addition for Alleged Accommodation Entry, Allows Revenue Appeal

ITAT: For Section 153C, Relevant Date Is AO’s Receipt of Seized Documents, Not Search Date

Senior Citizen Deposited Rs 30.55 Lakh Cash, Faced Income Tax Scrutiny; He Fought Back and Won Partial Relief in ITAT Delhi