Judgement

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.

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

ITAT Restricts Tax Addition to 8% Profit on Undisclosed Bank Deposits

ITAT deletes TP adjustments and restores Section 80-IA deduction on captive electricity and steam transfers.

ITAT Restores Section 80-IA Deduction, Deletes Electricity and Steam TP Adjustments

ITAT permits Section 57 deduction and fresh appellate claim despite denial of Section 11 exemption.

Unregistered Trust Can Claim Section 57 Deduction Despite Section 11 Denial: ITAT

ITAT allows upfront debenture discount deduction and restricts Section 14A to exempt income-yielding investments.

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

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

ITAT Restricts Tax Addition to 8% Profit on Undisclosed Bank Deposits

ITAT Restores Section 80-IA Deduction, Deletes Electricity and Steam TP Adjustments

Unregistered Trust Can Claim Section 57 Deduction Despite Section 11 Denial: ITAT

ITAT Allows Full Deduction of NCD Discount in Year of Issue; Section 14A Disallowance Restricted to Exempt Income-Yielding Investment