Judgement

Penalty order passed in the name of a non-existent amalgamating company held void despite alleged cash loan repayments

Penalty on Paper Entity Fails: ITAT Quashes Section 271E Levy on Amalgamated Company

Landmark ruling clarifies India–Singapore DTAA tax sparing provisions, SEZ foreign tax credit eligibility, and rejects massive brand royalty transfer pricing adjustment

ITAT Allows Tax Sparing Credit to TCS; Grants Relief on SEZ FTC and Overseas State Taxes

Failure to explain sharp rise in capital without filing returns for intervening years justifies addition as unexplained cash credit

ITAT Pune Upholds Section 68 Addition for Unexplained Increase in Proprietor’s Capital

ITAT follows binding HC and earlier coordinate bench rulings to hold that payments for IPLC/MPLS connectivity services are not taxable as royalty

Bandwidth Charges Not Royalty Under India-Singapore DTAA: ITAT Delhi

The tribunal held that the assessee is liable to give a explanation regarding the source of cash deposits, and just submitting self-serving affidavits without any supporting evidence cannot discharge this burden.

Just Filing Self-Serving Affidavits Without Supporting Evidence Does Not Discharge Assessee's Onus to Explain Source of Cash Deposit: ITAT

ITAT upheld the quashing of reassessment due to defective Section 148A proceedings, violation of natural justice, and invalid approval under Section 151.

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Penalty on Paper Entity Fails: ITAT Quashes Section 271E Levy on Amalgamated Company

ITAT Allows Tax Sparing Credit to TCS; Grants Relief on SEZ FTC and Overseas State Taxes

ITAT Pune Upholds Section 68 Addition for Unexplained Increase in Proprietor’s Capital

Bandwidth Charges Not Royalty Under India-Singapore DTAA: ITAT Delhi

Just Filing Self-Serving Affidavits Without Supporting Evidence Does Not Discharge Assessee's Onus to Explain Source of Cash Deposit: ITAT

ITAT Upholds Taxpayer’s Relief Due to Defective Section 148A Proceedings and Invalid Approval