Judgement

The ITAT Delhi rules tax claims not forming part of approved resolution plan stand extinguished under IBC.

ITAT Dismisses Revenue and Assessee Appeals in Sahara Airlines Tax Dispute After IBC Proceedings

The ITAT Mumbai held that liability accrued under Mercantile System cannot be disallowed merely because it remained unpaid.

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

The ITAT Mumbai has directed the AO to examine documentary evidence afresh.

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

The ITAT Mumbai deleted an addition of Rs 76.92 lakh made under Section 69 of the Income Tax Act towards alleged cash payment to a builder for purchase of a flat.


ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

The ITAT Mumbai holds Section 149 first proviso bars reopening of AY 2015-16 beyond six years.


ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation

News

Cummins India said it received a Rs 95.26 lakh income tax penalty order for AY 2018-19 and is evaluating legal options, including an appeal.

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ITAT Dismisses Revenue and Assessee Appeals in Sahara Airlines Tax Dispute After IBC Proceedings

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation

Cummins India Faces Rs 95.26 Lakh Income Tax Penalty, Says Order Was Passed Without Adequate Opportunity to Present Submissions