Judgement

ITAT condoned a 224-day delay and remanded a Rs. 49.05 lakh demonetisation-era cash deposit case, giving the taxpayer a fresh opportunity due to medical absence.

ITAT Remands Rs. 49.05 Lakh Demonetisation-Era Cash Case Due to Taxpayer’s Medical Absence

The Tribunal held that ESOP expenditure is cross-charge expenses paid to its holding company, which is not contingent and is allowable under section 37(1)

ITAT Clears Flipkart in Marketing Intangibles and ESOP Cross-Charge Expenses Disputes

ITAT upheld the taxpayer’s documented (Long Term Capital Gain (LTCG) as genuine and dismissed the Revenue’s appeal for assessment year 2016-17.

ITAT Upholds Genuine LTCG Claim; Validates Taxpayer’s Documented Share Transactions

Notifications

Government extends countervailing duty on Malaysian Textured Tempered Glass by amending 2021 notification to keep it in force until 8 June 2026.

MoF Amends CVD On Imports of "Textured Tempered Glass" Originating in Or Exported From Malaysia

Articles

High Court had upheld the Supreme Court's ruling, which stated that the benefits under section 28(iv) should not be taxed if they are in the form of money.

Benefits Under Section 28(iv) Cannot be Taxed if Received in Cash: ITAT upholds SC's Order

The Tribunal dismissed Revenue’s appeals, holding that unverified diary entries of the searched group had no nexus with the assessee’s books.

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ITAT Remands Rs. 49.05 Lakh Demonetisation-Era Cash Case Due to Taxpayer’s Medical Absence

ITAT Clears Flipkart in Marketing Intangibles and ESOP Cross-Charge Expenses Disputes

ITAT Upholds Genuine LTCG Claim; Validates Taxpayer’s Documented Share Transactions

MoF Amends CVD On Imports of "Textured Tempered Glass" Originating in Or Exported From Malaysia

Benefits Under Section 28(iv) Cannot be Taxed if Received in Cash: ITAT upholds SC's Order

ITAT Quashes Revenue’s Rs. 9.8 Crore Additions; Rejects Evidence from Third-Party Seized Diary