News

Yatharth Hospital and its two subsidiaries face a combined Rs 47.08 crore tax demand plus interest, with the companies planning to appeal the assessment orders.

Yatharth Hospital, Two Subsidiaries Face Rs 47.08 Cr Tax Demand Plus Rs 15.94 Cr Interest; Company to Appeal Orders

Judgement

The ITAT Ahmedabad holds cash returned by Housewife to Father-in-Law cannot be treated as Unexplained Expenditure.



ITAT Allows Telescoping Benefit on Family Cash Transactions 

The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection 


ITAT Holds Suspicion Cannot Substitute Evidence 

The ITAT Ahmedabad finds no proper basis for applying 8% profit rate on entire bank credits


ITAT Remands Petrol Pump Income Case for Fresh Examination Over Unjustified 8% Profit Estimation

ITAT condoned a 690-day delay and deleted Rs 9.20 lakh in foreign travel and other expense disallowances while remanding a Rs 4.36 lakh Form 26AS mismatch for fresh verification.

ITAT Deletes Rs 6.42 Lakh Spousal Reimbursement Disallowance, Grants Relief on Rs 9.20 Lakh Foreign Travel Expenses

The ITAT Delhi has held supervisory revenue taxable as business profits under India-Italy DTAA.

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Yatharth Hospital, Two Subsidiaries Face Rs 47.08 Cr Tax Demand Plus Rs 15.94 Cr Interest; Company to Appeal Orders

ITAT Allows Telescoping Benefit on Family Cash Transactions

ITAT Holds Suspicion Cannot Substitute Evidence

ITAT Remands Petrol Pump Income Case for Fresh Examination Over Unjustified 8% Profit Estimation

ITAT Deletes Rs 6.42 Lakh Spousal Reimbursement Disallowance, Grants Relief on Rs 9.20 Lakh Foreign Travel Expenses

ITAT Holds Offshore Supplies by Italian Company Not Taxable in India