Judgement

The ITAT Delhi holds revision unsustainable on debatable issue of taxability of interest on enhanced compensation.

ITAT Holds Section 263 Revision Invalid on Taxability of Interest Under Section 28 of Land Acquisition Act

The ITAT Mumbai holds that primary evidence of loan transactions shifts the onus to the AO.

ITAT Deletes Rs 2.06 Crore Addition Under Section 68 for Unsecured Loans

The ITAT Mumbai holds banking transactions alone cannot establish loan genuineness.


ITAT Upholds Section 68 Addition for Bogus Loans But Restricts Estimated Profit to 2% of Sales

The ITAT remanded Taxpayer’s Rs 22.98 lakh TDS demand to the Assessing Officer for fresh adjudication after verifying documents supporting its IBC moratorium claim.

ITAT Remands Rs 22.98 Lakh TDS Demand Dispute, Directs Examination of IBC Moratorium Claim After Verification of Supporting Documents

ITAT upheld a Rs 7.23 crore addition under Section 69A over unexplained bank credits, citing unreconciled financial discrepancies and lack of documentary evidence.

ITAT Upholds Rs 7.23 Crore Addition Over Unexplained Bank Credits and Unreconciled Financial Discrepancies

The ITAT remanded the case to the AO for fresh examination of land-related tax additions, DVO valuation, disclosure of the remand report, and verification of the assessee's claimed 16.21% ownership share.

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ITAT Holds Section 263 Revision Invalid on Taxability of Interest Under Section 28 of Land Acquisition Act

ITAT Deletes Rs 2.06 Crore Addition Under Section 68 for Unsecured Loans

ITAT Upholds Section 68 Addition for Bogus Loans But Restricts Estimated Profit to 2% of Sales

ITAT Remands Rs 22.98 Lakh TDS Demand Dispute, Directs Examination of IBC Moratorium Claim After Verification of Supporting Documents

ITAT Upholds Rs 7.23 Crore Addition Over Unexplained Bank Credits and Unreconciled Financial Discrepancies

ITAT Directs AO to Reconsider Rs 16.44 Lakh Capital Gains and Rs 25.87 Lakh Stamp Duty Value Addition