Judgement

The ITAT dismissed the taxpayer's appeal due to a 691-day filing delay and upheld the income addition made by the Assessing Officer for AY 2017-18.

ITAT Dismisses 691-Day Delayed Appeal, Upholds AO's 8% Profit Estimation Under Section 44AD

The ITAT dismissed the appeal, holding that invoices and bank payments alone could not establish genuine purchase transactions.

ITAT Upholds Rs 16.5 Lakh Addition Under Section 69C Over Bogus Purchase Claim

ITAT allowed the assessee's appeal, holding that an average GP rate cannot be applied in the absence of defects in the books.

ITAT: Gross Profit Cannot Be Estimated Without Rejecting Books of Account

The ITAT Visakhapatnam Rules Director Borrowing at Higher Interest and Lending to His Own Company at Lower Interest Cannot Claim Full Interest Deduction 



ITAT Rules Interest Paid on Borrowed Funds Cannot Be Claimed Beyond Interest Earned from Related Company 

ITAT held that a delayed Form 67 filing cannot deny a foreign tax credit if the required conditions are met.

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67

ITAT held that a wrong deductor name in an ITR cannot be rectified under Section 154 to claim TDS credit.

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ITAT Dismisses 691-Day Delayed Appeal, Upholds AO's 8% Profit Estimation Under Section 44AD

ITAT Upholds Rs 16.5 Lakh Addition Under Section 69C Over Bogus Purchase Claim

ITAT: Gross Profit Cannot Be Estimated Without Rejecting Books of Account

ITAT Rules Interest Paid on Borrowed Funds Cannot Be Claimed Beyond Interest Earned from Related Company

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67

ITAT Rejects TDS Credit Claim Over Wrong Deductor Name in ITR