Judgement

Delhi High Court upholds reassessment, holding limitation extended by statutory exclusion of reply period.

Delhi HC Confirms Validity of Reassessment Initiated Within Limitation.

Delhi HC Confirms Validity of Reassessment Initiated Within Limitation

The ITAT allowed a deduction under Section 80GGC for a genuine political donation, deleting the Rs 1 lakh addition due to lack of evidence of accommodation entries or any benefit received by the taxpayer.

Section 80GGC Deduction Cannot Be Denied Without Evidence, Rules ITAT Jodhpur

The Income Tax Appellate Tribunal (ITAT) Delhi has held that notional interest on interest-free loans advanced to subsidiary companies cannot be brought to tax in the absence of actual accrual or receipt of income.

ITAT Deletes Notional Interest Addition on Interest-Free Loans to Subsidiaries and Remands Ad-hoc Capitalization of Installation Expenses

Tribunal deletes Sections 68 and 69C additions on genuine exchange-traded share transactions.

ITAT Deletes Penny Stock Additions Backed Only by Suspicion

The ITAT Delhi has deleted an addition of Rs 9.41 crore made under Section 68 in respect of cash deposits during the demonetization period.

ITAT Delhi Deletes Rs 9.41 Crore Addition on Demonetisation Cash Deposits Holding Suspicion Alone Cannot Justify Addition

High Court condones return filing delays and protects Section 80P deduction claims of societies.

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Delhi HC Confirms Validity of Reassessment Initiated Within Limitation

Section 80GGC Deduction Cannot Be Denied Without Evidence, Rules ITAT Jodhpur

ITAT Deletes Notional Interest Addition on Interest-Free Loans to Subsidiaries and Remands Ad-hoc Capitalization of Installation Expenses

ITAT Deletes Penny Stock Additions Backed Only by Suspicion

ITAT Delhi Deletes Rs 9.41 Crore Addition on Demonetisation Cash Deposits Holding Suspicion Alone Cannot Justify Addition

Madras High Court Condones Delay in ITR Filing by Cooperative Societies, Restores Section 80P Benefit Claims