Judgement

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

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

Articles

In this fresh petition, CAAS has explained the difficulties taxpayers and professionals face every year.

CAAS Re-Files Writ Petition Against CBDT Over Tax Portal Glitches

Tribunal holds that when sales are accepted and books are not rejected, only profit element can be added, 115BBE also struck down as inapplicable

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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%

CAAS Re-Files Writ Petition Against CBDT Over Tax Portal Glitches

ITAT Cuts Bogus Purchase Addition to 2%: Full Disallowance Rejected in Chemical Trading Case