Judgement

The ITAT Mumbai has directed the AO to examine documentary evidence afresh.

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

The ITAT Mumbai deleted an addition of Rs 76.92 lakh made under Section 69 of the Income Tax Act towards alleged cash payment to a builder for purchase of a flat.


ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

The ITAT Mumbai holds Section 149 first proviso bars reopening of AY 2015-16 beyond six years.


ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation

News

Cummins India said it received a Rs 95.26 lakh income tax penalty order for AY 2018-19 and is evaluating legal options, including an appeal.

Cummins India Faces Rs 95.26 Lakh Income Tax Penalty, Says Order Was Passed Without Adequate Opportunity to Present Submissions

ITAT allows Tata Steel’s Rs 813.65 crore interest expenditure deduction claim for FY 2008-09, reducing the company’s expected tax exposure by around Rs 427 crore.

ITAT Allows Tata Steel’s Rs 813.65 Crore Interest Expenditure Deduction Claim, Tax Exposure Drops to Rs 1,259 Crore

Pfizer India faces a Rs 1.26 crore penalty under Section 271G over alleged non-submission of detailed information during a FY23 transfer pricing audit.

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ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation

Cummins India Faces Rs 95.26 Lakh Income Tax Penalty, Says Order Was Passed Without Adequate Opportunity to Present Submissions

ITAT Allows Tata Steel’s Rs 813.65 Crore Interest Expenditure Deduction Claim, Tax Exposure Drops to Rs 1,259 Crore

Pfizer India Receives Rs 1.26 Crore Penalty Order From Income Tax Department Over Transfer Pricing Audit for FY23