Judgement

No Carve-Out for ‘Exclusive’ Overseas Expenses; Section 44C Overrides Section 37 for Non-Resident Entities

Supreme Court Settles Section 44C Debate: Head Office Expense Cap Applies Across the Board

ITAT held that Section 263 cannot be invoked merely on a difference of opinion and set aside the PCIT’s revision order, granting relief to the assessee company.

ITAT Quashes PCIT’s Revision Order, Ruling Second Opinion Not Allowed Under Section 263

ITAT Holds Substantial Construction and Occupation Enough; Municipal Certificates Not a Legal Precondition for Section 54F Deduction

No Completion Certificate Needed for 54F: ITAT Allows Capital Gains Exemption

ITAT partly upheld the tax addition on agricultural income due to lack of evidence, but quashed the reassessment under Section 68, holding it to be a mere change of opinion and legally invalid.

ITAT Partly Upholds Section 68 Agricultural Income Addition but Cancels Unexplained Loan Reopening

ITAT remands the Section 68 Unsecured Loan Addition dispute to CIT(A), on the grounds that additional evidence on unsecured loans u/s 68 requires factual verification.

ITAT Remands Section 68 Unsecured Loan Addition to CIT(A) for Fresh Adjudication

The CIT(A) held that the addition cannot be made based on suspicion and the same was upheld by ITAT.

Explore Our Blogs

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

Supreme Court Settles Section 44C Debate: Head Office Expense Cap Applies Across the Board

ITAT Quashes PCIT’s Revision Order, Ruling Second Opinion Not Allowed Under Section 263

No Completion Certificate Needed for 54F: ITAT Allows Capital Gains Exemption

ITAT Partly Upholds Section 68 Agricultural Income Addition but Cancels Unexplained Loan Reopening

ITAT Remands Section 68 Unsecured Loan Addition to CIT(A) for Fresh Adjudication

ITAT Allows LTCG Claim on Sale of Shares Under Section 10(38); Rejects Revenue's Appeal Alleging Bogus Gains