Judgement

The ITAT, Mumbai ruled in favour of Shreyas Anil Talpade, the Indian actor, film director and producer, and deleted the addition of Rs 71,00,000 and the disallowance of Rs 21,14,836

ITAT Clears Shreyas Anil Talpade of Alleged Cash Payments and Expense Disallowance

The ITAT Mumbai dismissed the Revenue's appeal, upholding Aishwarya Rai Bachchan's self-assessed disallowance and rejecting the excess disallowance under Section 14A.

ITAT Mumbai Gives Clean Chit to Aishwarya Rai in Rs. 4.11 Crore Tax Dispute

The ITAT, Delhi, in one of its recent rulings, has held that if the assessee has not maintained the books of accounts, getting it audited does not arise at all.

Section 271B Penalty Cannot be Levied If Books of Accounts Not Maintained: ITAT

HC affirms that upload of DRP directions (DIN) on ITBA/NEAC constitutes dispatch/receipt u/s 13 IT Act and E-Assessment Scheme; FAO dated 01.07.2022 is beyond limitation u/s 144C(13) and is time-barred.

Appeal Dismissed as Final Assessment Order Passed After Statutory Period under Section 144C(13)

The ITAT Delhi granted partial relief to FIITJEE by deleting expense disallowances but upheld the taxation of conditional grants received from charitable trusts.

ITAT Delhi Partly Favours Assessee: Relief on Disallowances, but Donation Income Taxable

High Court sets aside rejection of condonation under Section 119(2)(b) for 16-day delay in uploading Form 10B, directs reconsideration citing bona fide professional error and CBDT Circular 2/2020.

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ITAT Clears Shreyas Anil Talpade of Alleged Cash Payments and Expense Disallowance

ITAT Mumbai Gives Clean Chit to Aishwarya Rai in Rs. 4.11 Crore Tax Dispute

Section 271B Penalty Cannot be Levied If Books of Accounts Not Maintained: ITAT

Appeal Dismissed as Final Assessment Order Passed After Statutory Period under Section 144C(13)

ITAT Delhi Partly Favours Assessee: Relief on Disallowances, but Donation Income Taxable

High Court Sets Aside Rejection of Delay Condonation under Section 119(2)(b)