Judgement

The ITAT held that observations recorded by authority during a lawful inquiry cannot be erased merely because the assessee later withdraws its application.

ITAT Holds Assessee Cannot Seek Removal of Observations Made During Statutory Inquiry After Withdrawing Registration Application

ITAT Bengaluru remands Gowdalli V.S.S. Bank’s Rs 11.46 lakh Section 80P interest income deduction claim for fresh examination by the Assessing Officer.

Section 80P Claim: ITAT Orders Fresh Review of Rs 11.46 Lakh Interest Income Deduction

The ITAT Bangalore restores the foreign tax credit claim after condoning a 1,933-day delay and directs the AO to verify documents and grant relief.

ITAT Condones 1,933-Day Delay in Foreign Tax Credit Dispute, Says Genuine Delay Should Not Defeat Lawful Relief

The ITAT Delhi has deleted a transfer pricing adjustment of Rs 5.19 crore towards AMP expenditure.

ITAT Holds Bright Line Test As Unsustainable for Benchmarking AMP Expenditure

The ITAT deleted an on-money addition under Section 69 after accepting the taxpayer's explanation of family cash savings and joint ownership of the property.

ITAT Deletes Rs 3.05 Lakh On-Money Addition, Accepts Family Cash Savings and Joint Ownership Explanation

The ITAT grants tax relief to 10 former BSNL employees, allowing exemption on VRS compensation under Section 10(10B) and refund of eligible TDS.

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ITAT Holds Assessee Cannot Seek Removal of Observations Made During Statutory Inquiry After Withdrawing Registration Application

Section 80P Claim: ITAT Orders Fresh Review of Rs 11.46 Lakh Interest Income Deduction

ITAT Condones 1,933-Day Delay in Foreign Tax Credit Dispute, Says Genuine Delay Should Not Defeat Lawful Relief

ITAT Holds Bright Line Test As Unsustainable for Benchmarking AMP Expenditure

ITAT Deletes Rs 3.05 Lakh On-Money Addition, Accepts Family Cash Savings and Joint Ownership Explanation

ITAT Allows 10 Appeals of Former BSNL Employees, Grants Relief on VRS Compensation