Judgement

ITAT Ahmedabad remands Rs 63.75 lakh cash addition to CIT(A), granting the assessee a final opportunity to submit evidence.

Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

The Tribunal deleted the penalty due to the difference in the grounds for initiating the penalty and imposition of the penalty.

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

There was no misreporting of income and in the absence of details as to which limb of section 270A was attracted and how the ingredient of sub-section (9) of section 270A was satisfied.

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Raipur sets aside ex-parte CIT(A) order for AY 2018-19, remanding case for de novo adjudication, giving assessee a final opportunity to comply.

ITAT Remands Ex-Parte CIT(A) Order for De Novo Adjudication

The Tribunal noted that purchases were recorded in the books of account if there was no establishment for the discrepancy in stock or inventory.

ITAT Delhi Deletes Bogus Purchase Addition Made Under 69 Without Rejecting Books of Accounts

The Tribunal Said that just because the Myntra facilitates the collaboration with academic institutions in the US does not mean it is "making available" any technical knowledge or skill.

Explore Our Blogs

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

Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Remands Ex-Parte CIT(A) Order for De Novo Adjudication

ITAT Delhi Deletes Bogus Purchase Addition Made Under 69 Without Rejecting Books of Accounts

ITAT Delhi Deletes Tax Addition on Myntra Inc's Manpower Services to Flipkart