Judgement

The ITAT Mumbai held no addition for alleged On-Money payment without corroborative evidence.

ITAT Holds Third-Party Statement and Unauthenticated WhatsApp Chats Insufficient to Prove Cash Payment

The ITAT Chennai deleted an interest disallowance under Section 36(1)(iii) made against Sei Aditi Power Private Limited.

ITAT Holds Interest-Free Advances to Sister Concern Cannot Automatically Be Treated as Diversion

The ITAT Chennai rules revenue must establish actual incurrence of expenditure and provide effective opportunity. 

ITAT Holds Third-Party Ledger Alone Cannot Prove Unaccounted Cash Purchases

ITAT upheld a Rs 2.06 lakh penalty under Section 272A(2)(e), ruling that a five and half year delay in submitting ITR-V could not be justified as a reasonable cause.

ITAT Upholds Rs 2.06 Lakh Penalty, Holds Over 5 Year ITR-V Delay Defeats Reasonable Cause Claim

The ITAT Mumbai ruled mere allegations of price manipulation cannot justify Section 68 addition.

ITAT Rules General Investigation Report Cannot Establish Bogus LTCG

The ITAT Mumbai holds assessee should not be shut out from producing necessary evidence.

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ITAT Holds Third-Party Statement and Unauthenticated WhatsApp Chats Insufficient to Prove Cash Payment

ITAT Holds Interest-Free Advances to Sister Concern Cannot Automatically Be Treated as Diversion

ITAT Holds Third-Party Ledger Alone Cannot Prove Unaccounted Cash Purchases

ITAT Upholds Rs 2.06 Lakh Penalty, Holds Over 5 Year ITR-V Delay Defeats Reasonable Cause Claim

ITAT Rules General Investigation Report Cannot Establish Bogus LTCG

ITAT Mumbai Remands Rs 4.03 Crore Unexplained Investment Addition to AO