Judgement

The Tribunal held that the approval granted by the PCIT was in a mechanical way and without the independent application of mind and the same is invalid.

ITAT Quashes Reassessment Due to PCIT's Mechanical Approval

ITAT deletes Rs.22.35 crore AMP transfer pricing adjustment, holding that Bright Line Test has no statutory basis and is rejected by High Court.

ITAT Delhi Rejects Bright Line Test; Deletes Rs. 22.35 Crore AMP Adjustment in Swatch India Case

High Court quashes Section 148 notices issued to non-searched persons, holding that search-based material must be assessed only under Section 153C.

High Court Quashes Reassessment Notices Issued to Non-Searched Persons Using Search Material

The Court upheld the decision of ITAT that for a transaction to be a business income, there must be regularity, frequency, volume and continuity.

Profit from Sale of Land Should Be Taxed as Capital Gains, Not Business Income: Madras HC

ITAT Delhi upholds CIT(A)’s deletion of multiple additions in Omax Autos Ltd. case, holding Rule 46A objections unsustainable where AO verified evidence in remand.

ITAT Dismisses Revenue Appeal; Rule 46A Objection Fails After Remand Verification

High Court holds that Income Tax Department must pass a reasoned decision on final reward after hearing the informant

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ITAT Quashes Reassessment Due to PCIT's Mechanical Approval

ITAT Delhi Rejects Bright Line Test; Deletes Rs. 22.35 Crore AMP Adjustment in Swatch India Case

High Court Quashes Reassessment Notices Issued to Non-Searched Persons Using Search Material

Profit from Sale of Land Should Be Taxed as Capital Gains, Not Business Income: Madras HC

ITAT Dismisses Revenue Appeal; Rule 46A Objection Fails After Remand Verification

Gujarat HC Directs Reconsideration of Informant’s Tax Reward Claim Under 2007 Guidelines