Judgement

The ITAT Mumbai held that liability accrued under Mercantile System cannot be disallowed merely because it remained unpaid.

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

The ITAT Mumbai has directed the AO to examine documentary evidence afresh.

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

News

Cyber Media has received a Rs 97.16 lakh tax demand from Tamil Nadu authorities for FY 2001-02 and plans to challenge the assessment order.

Cyber Media Plans Legal Challenge Against Rs 97.16 Lakh Tax Demand Issued by Tamil Nadu Tax Department

The ITAT Mumbai deleted an addition of Rs 76.92 lakh made under Section 69 of the Income Tax Act towards alleged cash payment to a builder for purchase of a flat.


ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

Sundrop Brands Limited has received a GST SCN of Rs. 26.37 crore, including a penalty of Rs 2.39 crore, for FY 2022-23 and disputes the allegations.

Sundrop Brands Receives GST Show Cause Notice of Rs. 26.37 Crore, Company Expects No Business Impact

The ITAT Mumbai holds Section 149 first proviso bars reopening of AY 2015-16 beyond six years.


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ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

Cyber Media Plans Legal Challenge Against Rs 97.16 Lakh Tax Demand Issued by Tamil Nadu Tax Department

ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

Sundrop Brands Receives GST Show Cause Notice of Rs. 26.37 Crore, Company Expects No Business Impact

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation