Judgement

The ITAT deleted a Rs 75.22 lakh addition, holding that an unverified Excel sheet without corroborative evidence cannot establish a cash property transaction.

ITAT Deletes Rs 75.22 Lakh Addition, Says Unverified Excel Sheet Cannot Prove Cash Property Deal

ITAT quashed the assessment as the AO exceeded the limited scrutiny scope and ignored a valid revised return.

ITAT Quashes Assessment for Exceeding Limited Scrutiny Scope and Ignoring Revised Return

The ITAT Delhi has granted partial relief to the assessee by reducing the addition made on alleged bogus purchase transactions.

ITAT Restricts Addition on Alleged Bogus Purchases to 1% GP Rejecting AO’s Adoption of Higher Profit Rate from Subsequent Year

The ITAT Delhi has held that consideration received for rendering finance, accounting, procurement, treasury and human resource support services to their Indian affiliate cannot be characterised as royalty.

ITAT Holds Business Support Service Receipts Are Not Taxable in India as Royalty 

The ITAT quashed the reassessment against Ishleen Kaur, holding that reopening under Sections 147/148 cannot be based on vague allegations and borrowed satisfaction without tangible evidence.

ITAT Invalidates Reassessment Proceedings, Holds Vague Reasons Cannot Justify Reopening Under Section 147

ITAT dismissed Revenue's appeals against IL&FS Energy, citing NCLAT's moratorium protection and directing tax claims to be pursued through the insolvency process.

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ITAT Deletes Rs 75.22 Lakh Addition, Says Unverified Excel Sheet Cannot Prove Cash Property Deal

ITAT Quashes Assessment for Exceeding Limited Scrutiny Scope and Ignoring Revised Return

ITAT Restricts Addition on Alleged Bogus Purchases to 1% GP Rejecting AO’s Adoption of Higher Profit Rate from Subsequent Year

ITAT Holds Business Support Service Receipts Are Not Taxable in India as Royalty

ITAT Invalidates Reassessment Proceedings, Holds Vague Reasons Cannot Justify Reopening Under Section 147

ITAT Dismisses Revenue Appeals Citing NCLAT Moratorium Protection