Judgement

ITAT holds that the delayed filing of the audit report in Form 10B is procedural, not mandatory, and the Section 11 exemption cannot be denied on this ground.

ITAT Rules Late Form 10B Filing Cannot Deny Section 11 Exemption; Tribunal Favours Assessee

The High Court said that nine days were too short, especially when the case involved transactions and various parties.

9 Days Insufficient to Respond to 150-Page Report: High Court Remands Matter to AO

ITAT Ahmedabad quashed Rs 1.95 crore deemed dividend addition, ruling that temporary bank-adjustment transfers cannot be taxed under Section 2(22)(e).

ITAT Deletes Rs. 1.95 Crore Deemed Dividend Addition in Limited Scrutiny Case

The ITAT, in the interest of justice, gave one more chance to the assessee to prove his claim by submitting the required details before the AO.

ITAT Gives Illiterate Farmer Another Chance on Rs 3.74 Crore Tax Dispute

ITAT Kolkata ruled that withdrawals were old and unsupported by evidence, hence confirmed the addition of Rs. 26.68 lakh as unexplained income.

ITAT Upholds Rs. 26.68 Lakh Addition on Unexplained Demonetisation Cash Deposit

The ITAT directed the AO to adjust the TCS amount against the liability of the assessee.

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ITAT Rules Late Form 10B Filing Cannot Deny Section 11 Exemption; Tribunal Favours Assessee

9 Days Insufficient to Respond to 150-Page Report: High Court Remands Matter to AO

ITAT Deletes Rs. 1.95 Crore Deemed Dividend Addition in Limited Scrutiny Case

ITAT Gives Illiterate Farmer Another Chance on Rs 3.74 Crore Tax Dispute

ITAT Upholds Rs. 26.68 Lakh Addition on Unexplained Demonetisation Cash Deposit

No Action Against Collectee if TCS Not Deposited by Collector: ITAT