Judgement

Assessment against non-searched person beyond permissible block period held time-barred; COVID exclusion and 50 lakh threshold arguments rejected

153C Jurisdiction Fails: ITAT Ahmedabad Quashes Rs. 4 Cr Addition and Penalty

Cash sales during demonetisation cannot be treated as unexplained merely on estimation without verifying stock, quantity, and supporting invoices

ITAT Remands Jeweller’s Demonetisation Additions for Fresh Verification of Sales Evidence

Mere proposal to seek information from Singapore tax authorities does not extend limitation under section 153

Assessment Quashed as Time-Barred in Absence of Actual FT&TR Reference: ITAT

Penalty order passed in the name of a non-existent amalgamating company held void despite alleged cash loan repayments

Penalty on Paper Entity Fails: ITAT Quashes Section 271E Levy on Amalgamated Company

Landmark ruling clarifies India–Singapore DTAA tax sparing provisions, SEZ foreign tax credit eligibility, and rejects massive brand royalty transfer pricing adjustment

ITAT Allows Tax Sparing Credit to TCS; Grants Relief on SEZ FTC and Overseas State Taxes

Failure to explain sharp rise in capital without filing returns for intervening years justifies addition as unexplained cash credit

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

153C Jurisdiction Fails: ITAT Ahmedabad Quashes Rs. 4 Cr Addition and Penalty

ITAT Remands Jeweller’s Demonetisation Additions for Fresh Verification of Sales Evidence

Assessment Quashed as Time-Barred in Absence of Actual FT&TR Reference: ITAT

Penalty on Paper Entity Fails: ITAT Quashes Section 271E Levy on Amalgamated Company

ITAT Allows Tax Sparing Credit to TCS; Grants Relief on SEZ FTC and Overseas State Taxes

ITAT Pune Upholds Section 68 Addition for Unexplained Increase in Proprietor’s Capital