Judgement

The ITAT Bangalore held software error led to excess interest levy of Rs 7 Lakh on Shruti Shibulal


ITAT Holds Tax Due Must Account for Section 90 Relief and TDS

The ITAT Bangalore says income must be determined from books if found reliable


ITAT Directs Fresh Assessment of Petrol Pump’s Income Including Demonetisation Cash Deposits 

The ITAT Chennai rules that accounting discrepancies and balance-sheet items cannot automatically be treated as taxable income.

 ITAT Holds Opening Capital, Chit Liability and Sundry Debtors Cannot Be Taxed Without Statutory Basis

ITAT remands the Rs 2.04 crore pre-operative expense dispute to CIT(A), directing a fresh examination of business commencement, supporting documents, revenue recognition, and interest expenditure.

ITAT Remands Rs 2.04 Crore Pre-Operative Expense Disallowance Dispute, Holds Business Setup and Commencement Are Distinct

The ITAT holds Search Conducted After 1 April 2021 Triggers Special Reassessment Mechanism.

ITAT Quashes Assessment Framed Under Section 143(3) After Search

ITAT condoned a 46-day delay in filing the appeal and directed the CIT(A) to hear and decide the tax dispute on merits.

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ITAT Holds Tax Due Must Account for Section 90 Relief and TDS

ITAT Directs Fresh Assessment of Petrol Pump’s Income Including Demonetisation Cash Deposits

ITAT Holds Opening Capital, Chit Liability and Sundry Debtors Cannot Be Taxed Without Statutory Basis

ITAT Remands Rs 2.04 Crore Pre-Operative Expense Disallowance Dispute, Holds Business Setup and Commencement Are Distinct

ITAT Quashes Assessment Framed Under Section 143(3) After Search

ITAT Directs CIT(A) to Condone 46-Day Delay, Restore Appeal for Fresh Decision on Merits