Judgement

Tribunal holds adjustment of book losses under Section 115JB a debatable issue beyond scope of rectification proceedings

ITAT Quashes Section 154 Rectification on MAT Losses In Fiat India Automobiles Case

Final assessment declared void as PCIT Delhi-10 lacked authority to transfer corporate assessee’s case

ITAT Quashes Assessment After Holding PCIT Lacked Power to Transfer Corporate Case

Interest on FDRs held exempt despite being shown as ‘income from other sources’; ITAT and CIT(A) faulted for mechanical approach

Delhi High Court Allows Exemption to Charitable Trust Despite Technical Error in Return

Notifications

CBDT notifies income tax exemption under Section 10(46) for the District Legal Service Authority, Faridabad, subject to compliance with prescribed conditions.

CBDT Grants Income Tax Exemption to District Legal Service Authority, Faridabad

Comparison of two controlled transactions impermissible; DRP directions found vague and contrary to Section 144C

ITAT Delhi Deletes Transfer Pricing Adjustment on Commission Paid; Rejects Ad Hoc Benchmarking By TPO

ITAT Delhi held that reassessment based solely on low profit without any tangible material is invalid and quashed the Section 148 notice.

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ITAT Quashes Section 154 Rectification on MAT Losses In Fiat India Automobiles Case

ITAT Quashes Assessment After Holding PCIT Lacked Power to Transfer Corporate Case

Delhi High Court Allows Exemption to Charitable Trust Despite Technical Error in Return

CBDT Grants Income Tax Exemption to District Legal Service Authority, Faridabad

ITAT Delhi Deletes Transfer Pricing Adjustment on Commission Paid; Rejects Ad Hoc Benchmarking By TPO

ITAT: Reassessment Under Section 148 Set Aside for Absence of Live Nexus