Judgement

Loose sheets, staff statements and seized material sufficient to sustain Section 69C addition; unexplained land investment also confirmed

ITAT Upholds Rs. 37.85 Lakh Unexplained Expenditure Addition in Resort Search Case

Tribunal deletes 4.30 crore addition on change in revenue recognition method, holding it to be a mere timing difference with no loss to revenue.

ITAT Deletes Rs. 4.30 Cr Addition on Change in Revenue Recognition Method

ITAT Deletes Rs. 4.30 Cr Addition on Change in Revenue Recognition Method; Holds Issue Is Mere Timing Difference

The ITAT observed that since the MOA amendment application was still pending, the assessee should be given one more opportunity.

ITAT Restores Section 12AA Registration Citing Pending Application for MOA Amendment

Judicial discipline mandates adherence to jurisdictional ITAT decisions; PCIT directed to pass fresh order in line with Special Bench ruling.

High Court Quashes Section 264 Order, Reaffirms Binding Nature of ITAT Special Bench Rulings

The ITAT holds that purchases supported by invoices, transport documents, bank payments, and matching sales cannot be treated as bogus solely due to a supplier’s non-response, rejecting additions under Section 69C

Purchases Supported by Invoices, Transport Documents and Bank Payments Cannot Be Held Bogus Merely Due to Supplier’s Non-Response: ITAT

ITAT rules that CPC cannot invoke Section 50C while processing returns without DVO reference, holding such adjustments to be illegal.

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ITAT Upholds Rs. 37.85 Lakh Unexplained Expenditure Addition in Resort Search Case

ITAT Deletes Rs. 4.30 Cr Addition on Change in Revenue Recognition Method; Holds Issue Is Mere Timing Difference

ITAT Restores Section 12AA Registration Citing Pending Application for MOA Amendment

High Court Quashes Section 264 Order, Reaffirms Binding Nature of ITAT Special Bench Rulings

Purchases Supported by Invoices, Transport Documents and Bank Payments Cannot Be Held Bogus Merely Due to Supplier’s Non-Response: ITAT

ITAT Delhi Holds Section 50C Adjustment Not Permissible at 143(1) Processing Stage