Judgement

The ITAT Bangalore has partly allowed the appeal filed by Castles Vista Pvt. Ltd. by deleting multiple additions and disallowances made during assessment. 

ITAT Holds Mere Clerical Error and Creditor’s Non-Response Do Not Justify Tax Additions

ITAT held additional evidence should be admitted where confirmations from numerous customers required time to obtain.

ITAT Restores Section 68 Addition Case After CIT(A) Rejects Fresh Evidence

 ITAT dismissed appeal after refusing to condone an unexplained 2,376-day filing delay.

ITAT Refuses to Condoned 2,376-Day Delay, Dismisses Time-Barred Income Tax Appeal.

ITAT Refuses to Condoned 2,376-Day Delay, Dismisses Time-Barred Income Tax Appeal

Tribunal held unabsorbed business losses can be set off against short-term capital gains arising under Section 50.

ITAT Allows Set-Off of Brought Forward Business Loss Against Section 50 Capital Gains

The ITAT Kolkata held that interest on delayed payment of sales tax, service tax, VAT, entry tax and employer's PF contribution is compensatory and allowable under Section 37(1). 


ITAT Rules Interest on Statutory Dues May Be Compensatory, But TDS Interest Has No Nexus With Business Profits

The ITAT Pune quashes reassessment proceedings after holding section 148 notices invalid due to expiry of statutory time limit.

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ITAT Holds Mere Clerical Error and Creditor’s Non-Response Do Not Justify Tax Additions

ITAT Restores Section 68 Addition Case After CIT(A) Rejects Fresh Evidence

ITAT Refuses to Condoned 2,376-Day Delay, Dismisses Time-Barred Income Tax Appeal

ITAT Allows Set-Off of Brought Forward Business Loss Against Section 50 Capital Gains

ITAT Rules Interest on Statutory Dues May Be Compensatory, But TDS Interest Has No Nexus With Business Profits

ITAT Quashed Reassessment Proceedings as Section 148 Notices Issued Beyond Statutory Time Limit