Judgement

ITAT Chennai upheld the 153C reassessment in a bogus bottle purchase case, confirming a 10% profit estimate instead of full additions and dismissing both appeals.

ITAT Chennai Confirms 10% Profit Estimate in Liquor Firm’s Bogus Bottle Purchase Case

ITAT Delhi rules that Toshiba’s reimbursements for seconded employees’ salaries in Japan are genuine salary payments, not Fees for Technical Services (FTS).

ITAT Delhi Rules Salary Reimbursements to Seconded Employees Are Genuine Not FTS; Favours Company

The Tribunal ruled that the property should be valued according to 2009 (A.Y. 2010-11), as per the Explanation to Section 56(2)(vii)(b).

Property Valuation Should Be Based on Original Allotment Year: ITAT

Articles

Understand the reasons behind slower ITR refunds and learn how to easily check your refund status online.

ITR Refund Delays Explained: Reasons, Latest CBDT Update, and How to Check Your Refund Status

High Court finds that 153D approvals were granted mechanically and in haste, upholding ITAT’s order quashing assessments passed under Section 153A

Mass 153A Assessments Quashed: High Court Says 153D Approvals Were “Ritualistic, Not Real”

Court upholds ITAT order deleting additions based solely on “base note” from French authorities; holds no nexus established between assessee and alleged Swiss accounts

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ITAT Chennai Confirms 10% Profit Estimate in Liquor Firm’s Bogus Bottle Purchase Case

ITAT Delhi Rules Salary Reimbursements to Seconded Employees Are Genuine Not FTS; Favours Company

Property Valuation Should Be Based on Original Allotment Year: ITAT

ITR Refund Delays Explained: Reasons, Latest CBDT Update, and How to Check Your Refund Status

Mass 153A Assessments Quashed: High Court Says 153D Approvals Were “Ritualistic, Not Real”

Bombay HC Quashes Rs. 27.99 Cr Addition: No 153A Action Without Incriminating Search Material