Judgement

Once AO passed first OGE granting refund and lifting attachments, second order held non-est and without jurisdiction

ITAT Quashes Second Order Giving Effect; Holds Two Assessments Cannot Co-Exist

The AO was directed to examine the details of the nature and source of cash deposits in the assessee's bank account and then pass an assessment order.

ITAT Restores Assessment After AO Goes Beyond Scope of Limited Scrutiny in Cash Deposit Case

The ITAT held that the compensatory payments made out of contractual obligations are not a penalty, and the same can be allowed as a business expenditure.

ITAT: Payment for Goods Shortage in Transit Is Compensatory, Not a Penalty

Additional evidence admitted without remand report; interest disallowance deleted citing commercial expediency

ITAT Remands Rs. 3.80 Cr Addition for Fresh Verification; Upholds Deletion of Rs. 86.99 Lakh Interest Disallowance

No incriminating material was found in the Patel RPL Realty Group search; gross interest additions under Sections 69A/69C were rejected.

ITAT Quashes 153A Additions for Unabated Years; Restricts Interest Addition to Net Rs. 4.37 Lakh

ITAT upheld the deletion of the Rs. 93.75 lakh addition, ruling that genuine farmer loan repayments in demonetised cash cannot be treated as unexplained income.

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ITAT Quashes Second Order Giving Effect; Holds Two Assessments Cannot Co-Exist

ITAT Restores Assessment After AO Goes Beyond Scope of Limited Scrutiny in Cash Deposit Case

ITAT: Payment for Goods Shortage in Transit Is Compensatory, Not a Penalty

ITAT Remands Rs. 3.80 Cr Addition for Fresh Verification; Upholds Deletion of Rs. 86.99 Lakh Interest Disallowance

ITAT Quashes 153A Additions for Unabated Years; Restricts Interest Addition to Net Rs. 4.37 Lakh

ITAT Relief to Gujarat Farmer Cooperative: Demonetisation Addition Deleted After Proper Loan Records Verified