Judgement

ITAT condoned a 393-day delay by a lorry owner-cum-driver, set aside the CIT(A) order, and remanded the Rs 1.18 crore Section 69A cash deposit dispute for fresh consideration.

ITAT Condones 393-Day Delay, Gives Lorry Owner Fresh Chance to Explain in Rs 1.18 Crore Unexplained Cash Deposit Case

Articles

ICAI issues new Guidance Note outlining accountants’ responsibilities and verification requirements for Section 92E transfer pricing reports.

ICAI Releases New Guidance Note on Section 92E Transfer Pricing Report

ITAT condoned a 2,273-day delay in an NRI assessee’s appeal and remanded the Rs 25.44 lakh income addition to the AO for fresh adjudication.

ITAT Condones Nearly 6-Year Delayed Appeal of NRI, Remands Rs 25.44 Lakh Addition to AO for Fresh Consideration

ITAT condoned a 3558-day delay, citing genuine hardship, and remanded the Rs 3 lakh Section 68 unexplained loan addition to the AO for fresh adjudication.

ITAT Orders Fresh Adjudication in Rs 3 Lakh Unexplained Unsecured Loan Case After Condonation of 3558-Day Delay

ITAT deleted a Section 69 addition after accepting the assessee’s father-in-law’s ITR as documentary evidence establishing his identity, financial capacity and genuineness of the source.


ITAT Deletes Section 69 Unexplained Investment Addition After Father-in-Law’s ITR Establishes Source of Stamp Duty Payment

Mumbai ITAT upheld a Rs 10 lakh Section 68 addition after the assessee failed to prove the lenders’ creditworthiness and genuineness of the loans.

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ITAT Condones 393-Day Delay, Gives Lorry Owner Fresh Chance to Explain in Rs 1.18 Crore Unexplained Cash Deposit Case

ICAI Releases New Guidance Note on Section 92E Transfer Pricing Report

ITAT Condones Nearly 6-Year Delayed Appeal of NRI, Remands Rs 25.44 Lakh Addition to AO for Fresh Consideration

ITAT Orders Fresh Adjudication in Rs 3 Lakh Unexplained Unsecured Loan Case After Condonation of 3558-Day Delay

ITAT Deletes Section 69 Unexplained Investment Addition After Father-in-Law’s ITR Establishes Source of Stamp Duty Payment

ITAT Upholds Rs 10 Lakh Addition Under Section 68 as Unexplained Cash Credit Over Failure to Prove Lenders’ Creditworthiness