Judgement

ITAT Bangalore holds bonus shares need not automatically assume stock-in-trade character for taxation purposes.

ITAT Bangalore Allows Exempt LTCG on Sale of Infosys Bonus Shares

ITAT quashes reassessment initiated beyond four years without fresh tangible material or disclosure failure.

ITAT Rejects Revenue Appeal Against Electrotherm in Section 147 Reopening Dispute

The ITAT condoned a 140-day delay in filing an appeal, holding that substantial justice should prevail over technical limitations, and remanded the matter for fresh adjudication.

ITAT Condoned 140-Day Delay, Says Substantial Justice Must Prevail Over Technicalities

ITAT deletes GP addition after accepting assessee’s reconciliation of alleged scrap stock discrepancy.

ITAT Deletes GP Addition Over Alleged Waste Stock Discrepancy in Tax Audit Report

Cross-examination opportunity mandatory where additions rely upon investigation wing statements, ITAT observes.

ITAT Restores Section 80G Disallowance Over Denial of Cross-Examination Opportunity

The ITAT Bangalore condoned the delay in filing appeals considering that notices issued under an old PAN may go unnoticed after migration to a new PAN.

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ITAT Bangalore Allows Exempt LTCG on Sale of Infosys Bonus Shares

ITAT Rejects Revenue Appeal Against Electrotherm in Section 147 Reopening Dispute

ITAT Condoned 140-Day Delay, Says Substantial Justice Must Prevail Over Technicalities

ITAT Deletes GP Addition Over Alleged Waste Stock Discrepancy in Tax Audit Report

ITAT Restores Section 80G Disallowance Over Denial of Cross-Examination Opportunity

ITAT Condones Delay in Appeal Filing After Assessee Misses Notices Due to Change in PAN