Judgement

ITAT deleted the Rs 8.56 lakh addition under Section 56(2)(vii)(b), holding that the DVO’s valuation of the jointly purchased property matched the actual purchase price.

ITAT Deletes Rs 8.56 Lakh Addition, Holds Same Property Cannot Have Different Valuations for Joint Owners

ITAT quashes Rs 42.49 lakh penalty under Section 270A after setting aside the underlying income additions for fresh assessment.

ITAT Cancels Rs 42.49 Lakh Penalty Under Section 270A After Setting Aside Income Additions for Fresh Assessment

ITAT reduced the income estimation on Rs 1.42 crore liquor business turnover to 11% and deleted the separate Rs 6 lakh addition for demonetisation-period cash deposits.


ITAT Slashes Profit Rate from 20% to 11% on Rs 1.42 Crore Liquor Turnover, Deletes Separate Rs 6 Lakh Demonetisation Addition

ITAT remands Rs 6.73 lakh TDS credit dispute to the AO for fresh verification of Form 26AS receipts and expense reimbursements.

ITAT Restores TDS Credit Case After Finding Merit in Reimbursement Explanation

The ITAT Ahmedabad Holds Group-Company Advisory Transactions Lacked Commercial Substance.


ITAT Rejects Business Loss Claim Over Colourable Advisory Arrangement

News

The 57th GST Council meeting will discuss possible reforms to simplify GST registration and cancellation processes.

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ITAT Deletes Rs 8.56 Lakh Addition, Holds Same Property Cannot Have Different Valuations for Joint Owners

ITAT Cancels Rs 42.49 Lakh Penalty Under Section 270A After Setting Aside Income Additions for Fresh Assessment

ITAT Slashes Profit Rate from 20% to 11% on Rs 1.42 Crore Liquor Turnover, Deletes Separate Rs 6 Lakh Demonetisation Addition

ITAT Restores TDS Credit Case After Finding Merit in Reimbursement Explanation

ITAT Rejects Business Loss Claim Over Colourable Advisory Arrangement

57th GST Council Meeting on September 12: Registration Reforms on Agenda