Judgement

ITAT Ahmedabad held that books cannot be rejected on mere suspicion, granting Shakti Polyweave Private Limited full relief for AY 2018-19 by deleting all additions.

Books Can Not Be Rejected on Surmise: ITAT Ahmedabad Grants Complete Relief to Shakti Polyweave

The ITAT Delhi allows obsolete software write-off and deletes multiple ad-hoc business expenditure disallowances.

ITAT Grants Major Relief on Royalty, Warranty and Software Disallowances

Cash deposits transferred to principal companies cannot be taxed as unexplained income under Section 69A.

ITAT Delhi Grants Relief to Licensed Money Transfer Collection Agent

Gaurav Rakhecha, Penalty Deleted, Electronic Evidence, Hawala Tokens, Balar Marketing Pvt. Ltd., Inadmissible Evidence, Section 271, Section 270A, Income Tax Penalty.

No Penalty Sustainable on Invalid Electronic Evidence, Rules ITAT

ITAT Holds Estimated Disallowance Under Rule 8D Cannot Justify Penalty; Deletes 6.23 Lakhs Section 270A Penalty The ITAT Delhi has allowed a

ITAT Holds Estimated Disallowance Under Rule 8D Cannot Justify Penalty; Deletes 6.23 Lakhs Section 270A Penalty

The ITAT deletes a TP adjustment of over Rs 38.20 crore against the company, holding that the company acted only as a limited-risk coordination and support entity for core technical services.

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Books Can Not Be Rejected on Surmise: ITAT Ahmedabad Grants Complete Relief to Shakti Polyweave

ITAT Grants Major Relief on Royalty, Warranty and Software Disallowances

ITAT Delhi Grants Relief to Licensed Money Transfer Collection Agent

No Penalty Sustainable on Invalid Electronic Evidence, Rules ITAT

ITAT Holds Estimated Disallowance Under Rule 8D Cannot Justify Penalty; Deletes 6.23 Lakhs Section 270A Penalty

ITAT Holds Company Not A Full-Risk Service Provider; Deletes Rs 38.20 Crore TP Adjustment