Judgement

Tribunal invalidates reassessment after holding Section 148 notice was issued beyond statutory limitation period.

ITAT Quashes Time-Barred Reassessment Notice Issued Beyond Limitation Period.

ITAT Quashes Time-Barred Reassessment Notice Issued Beyond Limitation Period

Tribunal restores appeal after accepting bona fide explanation for prolonged delay in filing before appellate authority.

ITAT Condones 862-Day Delay Caused by Former Counsel’s Failure.

ITAT Condones 862-Day Delay Caused by Former Counsel’s Failure

Tribunal holds completed property transaction cannot be taxed in incorrect assessment year by Revenue authorities.

ITAT Quashes Assessment After Holding Property Transaction Did Not Belong to Relevant Assessment Year

ITAT upholds deletion of loan, bad debt and estimated profit additions in Revenue appeals.

ITAT Deletes Section 68 Addition on Director Loans Supported by Evidence

ITAT orders fresh verification of loans, capital credits and grants partial gross profit relief.

ITAT Remands Section 68 Additions, Grants Relief on Gross Profit Addition

The ITAT held that DDDT on dividends paid to Swiss shareholders cannot exceed the 10% rate prescribed under the India–Switzerland DTAA and directed the refund of the excess tax paid.

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ITAT Quashes Time-Barred Reassessment Notice Issued Beyond Limitation Period

ITAT Condones 862-Day Delay Caused by Former Counsel’s Failure

ITAT Quashes Assessment After Holding Property Transaction Did Not Belong to Relevant Assessment Year

ITAT Deletes Section 68 Addition on Director Loans Supported by Evidence

ITAT Remands Section 68 Additions, Grants Relief on Gross Profit Addition

ITAT Restricts DDT to 10% Under India-Switzerland DTAA; Orders Excess Tax Refund