Judgement

The ITAT Delhi deleted additions of Rs 7.28 Crore holding the taxpayer had no Permanent Establishment (PE) in India.

ITAT Delhi Deletes Rs 7.28 Crore Income Tax Addition Over Alleged Permanent Establishment in India

ITAT allows business loss claims, deletes Section 68 addition and Section 14A disallowance.

ITAT Allows Write-Off of Rs 54.88 Crore as Business Loss, Rejects Revenue’s Multiple Disallowances

News

Mastek faces a Rs 123.58 crore tax addition and plans to challenge the order.

Mastek Limited Receives Rs 123.58 Crore Income Tax Addition for FY 2022-23 

The ITAT dismissed Revenue’s appeals, ruling that BRR Securities, being merely a conduit entity, could not be subjected to protective additions.

ITAT Delhi Deletes Protective Additions in Accommodation Entry Case; Revenue’s Appeals Dismissed

The ITAT Delhi invalidates reassessment proceedings initiated merely by relying on information received from the CRUI module insight portal without independently examining the facts.

Case Reopening Merely Relying on Information Received from Insight Portal Held Invalid: ITAT

ITAT held that lease rental earned from a commercially exploited complex under a development agreement is taxable as business income and not as income from house property.

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ITAT Delhi Deletes Rs 7.28 Crore Income Tax Addition Over Alleged Permanent Establishment in India

ITAT Allows Write-Off of Rs 54.88 Crore as Business Loss, Rejects Revenue’s Multiple Disallowances

Mastek Limited Receives Rs 123.58 Crore Income Tax Addition for FY 2022-23

ITAT Delhi Deletes Protective Additions in Accommodation Entry Case; Revenue’s Appeals Dismissed

Case Reopening Merely Relying on Information Received from Insight Portal Held Invalid: ITAT

ITAT: Lease Rental from Commercial Complex Taxable as Business Income, Not House Property Income