Judgement

Tribunal holds that Section 68 cannot apply when no books of account exist and cash deposits were admitted by a third party.

ITAT Deletes Cash Deposit Additions; Holds Section 68 Cannot Apply Without Books of Account

Tribunal held that the AO violated Section 144C by finalising assessment before expiry of the statutory 30-day period for filing objections, rendering the assessment order invalid

ITAT Bangalore Quashes Assessment for Non-Issuance of Draft Order Under Section 144C

Tribunal upholds multiple TP inclusions/exclusions,directs fresh ALP computation in Software Development segment.

ITAT Bangalore Partly Allows Cross Appeals in Mercedes-Benz R&D India TP Case

Tribunal remands case after noticing that the assessee’s 10(23C)(vi) exemption claim was denied due to a clerical error in Form 10AB approval, directing AO to verify registration and await rectification

ITAT Hyderabad Sends Back 10(23C) Exemption Matter Over Typographical Error in Approval Order

Tribunal upholds additions after finding that film producer C.R. Manohar had consciously admitted undisclosed expenditure in writing.

ITAT Bangalore: Assessee Cannot Withdraw Voluntary Income Disclosure Made During Search Assessment

The addition under Section 69 was deleted, holding that suspicion cannot take the place of proof.

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ITAT Deletes Cash Deposit Additions; Holds Section 68 Cannot Apply Without Books of Account

ITAT Bangalore Quashes Assessment for Non-Issuance of Draft Order Under Section 144C

ITAT Bangalore Partly Allows Cross Appeals in Mercedes-Benz R&D India TP Case

ITAT Hyderabad Sends Back 10(23C) Exemption Matter Over Typographical Error in Approval Order

ITAT Bangalore: Assessee Cannot Withdraw Voluntary Income Disclosure Made During Search Assessment

Even Strong Suspicion Cannot Take Place of Proof: ITAT Deletes Addition Made Based on Assumptions