Judgement

ITAT sets aside penalty u/s 271C for non-deduction of TDS on interest and remands to AO to verify assessee’s claim of belated payment with interest in light of Supreme Court precedent.

ITAT Remands Penalty u/s 271C for Non-Deduction of TDS on Interest for Verification of Factual Claim

ITAT Ahmedabad directs reassessment of TDS and expense claims while upholding PF/ESIC disallowance, granting partial relief to the taxpayer.

ITAT Partially Allows Appeal, Directs AO to Reverify TDS and Expense Claims

ITAT upholds CIT(A)’s deletion of addition of Rs. 8,94,55,878 u/s 56(2)(viib), holding that Assessing Officer cannot replace DCF with NAV once method is validly adopted under Rule 11UA.

DCF Valuation Accepted: ITAT Upholds Deletion of Rs. 8.94 Cr Share Premium Addition

ITAT quashes PCIT’s revision under Section 263 where AO had issued notice u/s 142(1), examined receipts and bank statements and taken a plausible view in allowing deduction u/s 80GGC.

ITAT Quashes Revision Order Passed by PCIT u/s 263 on Donation to Political Party

ITAT upheld PCIT’s revision, holding that excess depreciation due to unadjusted government grants warranted reassessment.

ITAT: Excess Depreciation on Govt-Funded Assets Triggers Fresh Tax Assessment

ITAT Delhi dismisses Revenue’s appeal as AMP issue covered under unilateral APA; remands Rs.1.63 crore disallowance u/s 40(a)(i) to AO for factual verification of cost allocations and DTAA applicability.

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ITAT Remands Penalty u/s 271C for Non-Deduction of TDS on Interest for Verification of Factual Claim

ITAT Partially Allows Appeal, Directs AO to Reverify TDS and Expense Claims

DCF Valuation Accepted: ITAT Upholds Deletion of Rs. 8.94 Cr Share Premium Addition

ITAT Quashes Revision Order Passed by PCIT u/s 263 on Donation to Political Party

ITAT: Excess Depreciation on Govt-Funded Assets Triggers Fresh Tax Assessment

ITAT Remands Rs.1.63 Crore Disallowance u/s 40(a)(i) for De Novo Consideration