Judgement

Since the notice was issued by the non-jurisdictional Assessing Officer, and the same was not resolved by the PCIT, the Tribunal set aside the revisional order.

PCIT Must Resolve Jurisdictional Objections Before Passing Revisionary Order: ITAT

Kerala High Court rules that interest paid on delayed Agricultural Income Tax is not deductible as a business expense under Section 37 of the Income Tax Act.

Interest on Delayed Agricultural Income Tax Not Deductible; Rules Kerala High Court

ITAT Ahmedabad remands the Rs. 56 lakh deemed dividend case to the tax authorities for fresh verification of the loan repayment documents.

Loan or Deemed Dividend? ITAT Sends Back Rs. 56 Lakh Deemed Dividend Case for Fresh Review

The ITAT ruled that the submission of lenders' PAN by the assessee was sufficient to discharge the onus under section 68 of the Income Tax Act.

Lender's PAN Submission by Assessee Sufficient to Discharge Onus: ITAT Quashes PCIT's Revisionary Order

Assessment held invalid as AO finalised capital gains without DVO valuation despite statutory mandate; Rectification under Section 154 also struck down

ITAT Quashes Assessment Passed Without Awaiting DVO Report: Section 50C(2) Safeguards Reaffirmed

The ITAT Mumbai, partly allowed an appeal related to disallowances made by the tax authorities

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PCIT Must Resolve Jurisdictional Objections Before Passing Revisionary Order: ITAT

Interest on Delayed Agricultural Income Tax Not Deductible; Rules Kerala High Court

Loan or Deemed Dividend? ITAT Sends Back Rs. 56 Lakh Deemed Dividend Case for Fresh Review

Lender's PAN Submission by Assessee Sufficient to Discharge Onus: ITAT Quashes PCIT's Revisionary Order

ITAT Quashes Assessment Passed Without Awaiting DVO Report: Section 50C(2) Safeguards Reaffirmed

ITAT Partially Allows Appeal in TDS Matter, Restricts Motor Car Expenses and Depreciation Disallowance to 10%