Judgement

ITAT dismisses Revenue appeal, allowing assessee to invoke Rule 27 to support favourable CIT(A) order on limitation grounds

ITAT Upholds Deletion of Rs. 1,735 Crore Penalty on Sahara India; Penalty Held Time-Barred

ITAT holds Section 68 conditions satisfied, quashes Section 56(2)(viib) addition, and sets aside CIT(A)’s income enhancement for lack of notice

ITAT Deletes Share Capital & Share Premium Additions; Upholds DCF Valuation and Business Expense Claim

Notifications

Govt has granted income tax exemption to Dadra and Nagar Haveli Building and other Construction Workers Welfare Board u/s 10 of Income-tax Act.

CBDT Notifies Tax Exemption for Dadra and Nagar Haveli Building and other Construction Workers Welfare Board

The ITAT dismissed all four appeals filed by the Revenue and directed the AO to assess the accommodation entry turnover at 0.4%.

ITAT Upholds Taxation of Only Commission Income in Accommodation Entry Cases; Rejects Revenue's Appeal

ITAT upheld TDS liability on rent and legal expenses, ruling Sections 201 and 40(a)(ia) independent, granted partial relief to the assessee.

ITAT Upholds TDS Demand on Rent and Legal Expenses Ruling Sections 201 and 40(a)(ia) Operate Independently

ITAT restores the assessee’s Section 12A/12AB charitable registration, holding that authorities should assess only charitable objects, not detailed business activities.

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ITAT Upholds Deletion of Rs. 1,735 Crore Penalty on Sahara India; Penalty Held Time-Barred

ITAT Deletes Share Capital & Share Premium Additions; Upholds DCF Valuation and Business Expense Claim

CBDT Notifies Tax Exemption for Dadra and Nagar Haveli Building and other Construction Workers Welfare Board

ITAT Upholds Taxation of Only Commission Income in Accommodation Entry Cases; Rejects Revenue's Appeal

ITAT Upholds TDS Demand on Rent and Legal Expenses Ruling Sections 201 and 40(a)(ia) Operate Independently

ITAT Restores Section 12A Registration; Holds Authorities Must Focus Only on Objects, Not Business Activities