Judgement

ITAT remands Rs 75.07 lakh depreciation disallowance to the AO for fresh assessment after directing verification of the correct WDV and supporting evidence.

WDV Mismatch in ITR: ITAT Remands Rs 75.07 Lakh Depreciation Disallowance Dispute to AO for Fresh Assessment

The ITAT Ahmedabad ruled CIT(E)’s denial of renewal based on Diamond Bourse’s commercial activities was erroneous. 

ITAT Allows Renewal of 12A Registration And Holds Objects Charitable Under Section 2(15)

The ITAT Delhi grants relief on Comparables and Other Disallowances while directing fresh TP computation.

ITAT Rejects Retrospective Application of Omitted Section 92BA(i)

The ITAT Delhi holds that lower authorities failed to properly examine evidence on rural agricultural land.

ITAT Remands Taxability Dispute Over Rural Agricultural Land Compensation for Fresh Consideration

ITAT allows S.B. Overseas to carry forward Rs 3.49 crore business loss, citing the principle of consistency.

ITAT Allows Carry Forward of Rs 3.49 Crore Business Loss, Says Principle of Consistency Must Be Followed

ITAT condoned the 50-day delay, admitted additional evidence, and remanded the matter to the AO for fresh consideration.

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WDV Mismatch in ITR: ITAT Remands Rs 75.07 Lakh Depreciation Disallowance Dispute to AO for Fresh Assessment

ITAT Allows Renewal of 12A Registration And Holds Objects Charitable Under Section 2(15)

ITAT Rejects Retrospective Application of Omitted Section 92BA(i)

ITAT Remands Taxability Dispute Over Rural Agricultural Land Compensation for Fresh Consideration

ITAT Allows Carry Forward of Rs 3.49 Crore Business Loss, Says Principle of Consistency Must Be Followed

ITAT Condones 50-Day Delay in Filing Appeal, Admits Additional Evidence and Remands Matter to AO for Fresh Consideration