Judgement

Tribunal holds completed property transaction cannot be taxed in incorrect assessment year by Revenue authorities.

ITAT Quashes Assessment After Holding Property Transaction Did Not Belong to Relevant Assessment Year

ITAT upholds deletion of loan, bad debt and estimated profit additions in Revenue appeals.

ITAT Deletes Section 68 Addition on Director Loans Supported by Evidence

ITAT orders fresh verification of loans, capital credits and grants partial gross profit relief.

ITAT Remands Section 68 Additions, Grants Relief on Gross Profit Addition

The ITAT held that DDDT on dividends paid to Swiss shareholders cannot exceed the 10% rate prescribed under the India–Switzerland DTAA and directed the refund of the excess tax paid.

ITAT Restricts DDT to 10% Under India-Switzerland DTAA; Orders Excess Tax Refund

ITAT Restricts Tax Addition to 8% Profit on Undisclosed Bank Deposits

ITAT deletes TP adjustments and restores Section 80-IA deduction on captive electricity and steam transfers.

Explore Our Blogs

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

ITAT Quashes Assessment After Holding Property Transaction Did Not Belong to Relevant Assessment Year

ITAT Deletes Section 68 Addition on Director Loans Supported by Evidence

ITAT Remands Section 68 Additions, Grants Relief on Gross Profit Addition

ITAT Restricts DDT to 10% Under India-Switzerland DTAA; Orders Excess Tax Refund

ITAT Restricts Tax Addition to 8% Profit on Undisclosed Bank Deposits

ITAT Restores Section 80-IA Deduction, Deletes Electricity and Steam TP Adjustments