Judgement

The ITAT dismissed the assessee's appeal, upholding the disallowance of delayed PF and ESI contributions and declining to re-examine the bonus disallowance issue.

ITAT Dismisses Appeal, Upholds PF and ESI Disallowance for Delayed Deposits Under Section 36(1)(va)

ITAT ruled purchases cannot be disallowed without incriminating search evidence when sales and books remain accepted.

ITAT Upholds Deletion of Bogus Purchase Additions Lacking Search Evidence

ITAT held entire purchases cannot be disallowed where corresponding sales are accepted and stock records support transactions.

ITAT Restricts Bogus Purchase Addition to 1.15% Profit Element Despite Seller Denials

ITAT grants Section 80P(2)(d) deduction following Gujarat High Court ruling on co-operative banks.

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks

The ITAT Bangalore has restored a dispute to the AO concerning taxability of fixed deposit interest earned on funds belonging to another company. 

ITAT Rules Interest Reflected in Form 26AS Cannot Alone Determine Taxability, Assessee Must Prove that FD Funds Belonged to Another Entity

Ahmedabad ITAT upheld reassessment, ruling no Section 143(2) notice was required without a fresh return under Section 148.

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ITAT Dismisses Appeal, Upholds PF and ESI Disallowance for Delayed Deposits Under Section 36(1)(va)

ITAT Upholds Deletion of Bogus Purchase Additions Lacking Search Evidence

ITAT Restricts Bogus Purchase Addition to 1.15% Profit Element Despite Seller Denials

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks

ITAT Rules Interest Reflected in Form 26AS Cannot Alone Determine Taxability, Assessee Must Prove that FD Funds Belonged to Another Entity

ITAT Upholds Reassessment, Rejects Challenge Over Absence of Section 143(2) Notice