Judgement

The ITAT allowed assessee to submit loan confirmations and bank statements to establish Creditworthiness.

 ITAT Remands Unexplained Cash Credit Addition to AO for Fresh Adjudication 

ITAT condoned a 24-day delay and sent the trust’s rejected Section 12AB registration application back for fresh consideration.

CA’s Spouse Undergoing Cancer Treatment Causes 24-Day Delay; ITAT Restores Trust’s Section 12AB Application

The ITAT Mumbai ruled additional evidence on SEZ Unit Formation to be examined.

 ITAT Remands Section 10AA Deduction and Transfer Pricing Dispute For Fresh Adjudication

The ITAT Mumbai holds Revenue cannot treat entire transaction value as Unexplained Investment without specific evidence.

ITAT Holds Client Code Modification Alone Cannot Justify Section 69 Addition

ITAT has remanded the ex parte tax assessment for fresh consideration, giving the taxpayer another opportunity to present facts and supporting documents before the Assessing Officer.

ITAT Remands Ex Parte Tax Assessment to Assessing Officer, Grants Fresh Opportunity to Present Facts and Supporting Documents

ITAT deleted the Rs 8.56 lakh addition under Section 56(2)(vii)(b), holding that the DVO’s valuation of the jointly purchased property matched the actual purchase price.

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ITAT Remands Unexplained Cash Credit Addition to AO for Fresh Adjudication

CA’s Spouse Undergoing Cancer Treatment Causes 24-Day Delay; ITAT Restores Trust’s Section 12AB Application

ITAT Remands Section 10AA Deduction and Transfer Pricing Dispute For Fresh Adjudication

ITAT Holds Client Code Modification Alone Cannot Justify Section 69 Addition

ITAT Remands Ex Parte Tax Assessment to Assessing Officer, Grants Fresh Opportunity to Present Facts and Supporting Documents

ITAT Deletes Rs 8.56 Lakh Addition, Holds Same Property Cannot Have Different Valuations for Joint Owners