Judgement

FTC under Section 90 cannot be denied merely due to delayed filing of Form 67

Late Filing of Form 67 Is Not Fatal: ITAT Kolkata Allows Foreign Tax Credit

Reassessment struck down where AO failed to record independent “reasons to believe” and merely relied on investigation input

Cryptic Reasons, Borrowed Satisfaction: ITAT Kolkata Quashes Reopening as Void

Tribunal upholds 17% profit estimation on on-money and allows IDS-2016 telescoping for later years

On-Money Taxable Only on Profit Basis; IDS Telescoping Allowed- ITAT Barred Reopening by Limitation

ITAT holds that addition of full undisclosed turnover is unsustainable; directs taxation of profit @7.03% on omitted sales

Entire Undisclosed Sales Cannot Be Taxed; Only Embedded Profit Liable: ITAT

ITAT Quashes Reassessment: No Addition on Recorded Reasons, LTCG Addition Invalid

ITAT Ahmedabad Quashes Reassessment for No Addition on Recorded Reasons

ITAT held that a genuine claim for relief under Section 89(1) cannot be denied merely due to a technical lapse and remanded the matter to the AO for fresh consideration.

Explore Our Blogs

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

Late Filing of Form 67 Is Not Fatal: ITAT Kolkata Allows Foreign Tax Credit

Cryptic Reasons, Borrowed Satisfaction: ITAT Kolkata Quashes Reopening as Void

On-Money Taxable Only on Profit Basis; IDS Telescoping Allowed- ITAT Barred Reopening by Limitation

Entire Undisclosed Sales Cannot Be Taxed; Only Embedded Profit Liable: ITAT

ITAT Ahmedabad Quashes Reassessment for No Addition on Recorded Reasons

Form 10E Filed, Yet Relief Denied: Section 89(1) Relief Denial Case on Technical Ground Remanded to AO