Judgement

ITAT Holds Cost of Acquisition Cannot Be Taken as Nil Merely Because Old Records Are Unavailable

The ITAT dismissed the assessee's appeal as withdrawn after the Assessing Officer's Section 154 rectification order granted the relief sought, leaving no surviving grievance for adjudication.

ITAT Dismisses Appeal as Withdrawn After AO's Section 154 Rectification Grants Complete Relief to Taxpayer

ITAT accepts audited books, deletes Section 68 addition on explained demonetisation cash deposits and records.

ITAT Deletes Section 68 Addition on Explained Demonetisation Cash Deposits

ITAT allows Section 80P deduction, remands demonetisation cash deposits for member-wise KYC verification proceedings.

ITAT Grants Section 80P Relief to Souharda Society, Remands Demonetisation Deposits

ITAT deletes additions after accepting documentary evidence proving salary, loans and exempt retirement benefits.

ITAT Deletes Additions After Ex-Army Personnel Explains Bank Credits with Evidence

The ITAT treats statutory reserve interest as business income, allowing deduction under Section 80P(2)(a)(i).

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Holds Cost of Acquisition Cannot Be Taken as Nil Merely Because Old Records Are Unavailable

ITAT Dismisses Appeal as Withdrawn After AO's Section 154 Rectification Grants Complete Relief to Taxpayer

ITAT Deletes Section 68 Addition on Explained Demonetisation Cash Deposits

ITAT Grants Section 80P Relief to Souharda Society, Remands Demonetisation Deposits

ITAT Deletes Additions After Ex-Army Personnel Explains Bank Credits with Evidence

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