Judgement

The ITAT upheld the CIT(A)’s order restricting the addition on alleged bogus purchases to 5%, as the assessee’s sales were not disputed and proper documents were furnished.

ITAT Restricts Rs. 2.88 Crore Addition to 5% in Alleged Bogus Purchase Case; Dismisses Revenue Appeal

ITAT remanded the interest disallowance issue to the AO for fresh examination and allowed the assessee’s appeal for statistical purposes.

ITAT Bangalore Remands Interest Disallowance Issue to AO; Relief Subject to Rs. 10,000 Cost Payment

Section 153C addition set aside; alleged cash component in property sale not proved through legally enforceable document

ITAT Deletes Rs. 58.5 Lakh “On-Money” Addition; Unsigned Agreement Held Inadmissible

Search-based 153A assessments partly sustained; protective addition held invalid in absence of substantive assessment

ITAT Restricts Bogus Purchase Addition to 5% GP; Deletes Protective Rebate & Discount Disallowance

ITAT condoned a 56-day filing delay caused by staff oversight and granted relief by allowing the appeal of the assessee against a penalty order.

ITAT Condoned 56-Day Late Filing Due to Staff Lapse, Grants Relief to Power Company

However, since the assessee did not produce the relevant details before the lower authorities, the tribunal remanded the case to the assessing officer to verify the relevant documents.

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ITAT Restricts Rs. 2.88 Crore Addition to 5% in Alleged Bogus Purchase Case; Dismisses Revenue Appeal

ITAT Bangalore Remands Interest Disallowance Issue to AO; Relief Subject to Rs. 10,000 Cost Payment

ITAT Deletes Rs. 58.5 Lakh “On-Money” Addition; Unsigned Agreement Held Inadmissible

ITAT Restricts Bogus Purchase Addition to 5% GP; Deletes Protective Rebate & Discount Disallowance

ITAT Condoned 56-Day Late Filing Due to Staff Lapse, Grants Relief to Power Company

ITAT Remands Capital Gains Case to AO for Fresh Verification of Improvement Costs