Judgement

The ITAT Ahmedabad holds cash returned by Housewife to Father-in-Law cannot be treated as Unexplained Expenditure.



ITAT Allows Telescoping Benefit on Family Cash Transactions 

The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection 


ITAT Holds Suspicion Cannot Substitute Evidence 

The ITAT Ahmedabad finds no proper basis for applying 8% profit rate on entire bank credits


ITAT Remands Petrol Pump Income Case for Fresh Examination Over Unjustified 8% Profit Estimation

ITAT condoned a 690-day delay and deleted Rs 9.20 lakh in foreign travel and other expense disallowances while remanding a Rs 4.36 lakh Form 26AS mismatch for fresh verification.

ITAT Deletes Rs 6.42 Lakh Spousal Reimbursement Disallowance, Grants Relief on Rs 9.20 Lakh Foreign Travel Expenses

The ITAT Delhi has held supervisory revenue taxable as business profits under India-Italy DTAA.

ITAT Holds Offshore Supplies by Italian Company Not Taxable in India 

ITAT deleted Section 69A bogus LTCG addition, holding that suspicion and Investigation Wing findings alone could not establish an accommodation entry.

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ITAT Allows Telescoping Benefit on Family Cash Transactions

ITAT Holds Suspicion Cannot Substitute Evidence

ITAT Remands Petrol Pump Income Case for Fresh Examination Over Unjustified 8% Profit Estimation

ITAT Deletes Rs 6.42 Lakh Spousal Reimbursement Disallowance, Grants Relief on Rs 9.20 Lakh Foreign Travel Expenses

ITAT Holds Offshore Supplies by Italian Company Not Taxable in India

ITAT Deletes Section 69A Bogus LTCG Addition, Holds Suspicion Cannot Replace Evidence