Judgement

Tribunal sends matter back to AO after assessee produces Auto-Sweep account for the first time, which may alter the core factual findings

ITAT Ahmedabad Remands Addition of Rs. 1.70 Crore as Unexplained Investment for Fresh Verification

ITAT Delhi ruled that capital losses can be set off against long-term capital gains despite differing tax rates, quashing CPC and CIT(A)’s additions and restoring the taxpayer’s original income.

ITAT Delhi Quashes CPC’s Rs. 25 Lakh Addition; Allows Set-Off of STCL and LTCL Against Long-Term Gains

ITAT Mumbai, has ruled in favour of an HUF, reducing the disallowance on exempt income and clarifying the nature of the refund of an advance payment made by the HUF to its Karta.

Receipt Remains Capital or Revenue Regardless of Utilisation: ITAT

Tribunal directs correction of Compucom Software margin, excludes four high-end comparables, and upholds separate benchmarking of overdue receivables

ITAT Bangalore Excludes Multiple Comparables in SAP India TP Case; Upholds Interest on Receivables

ITAT Mumbai remanded the case after finding that the taxpayer was not given a fair chance to present evidence against the disallowance of business expenses.

ITAT Quashes CIT(A) Order for Lack of Natural Justice in Rs. 3.43 Lakh Expense Disallowance

The ITAT held that a technical glitch preventing Form 10-IC filing could not deny the assessee the New Tax Regime, quashing the old regime tax demand and directing fresh consideration.

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ITAT Ahmedabad Remands Addition of Rs. 1.70 Crore as Unexplained Investment for Fresh Verification

ITAT Delhi Quashes CPC’s Rs. 25 Lakh Addition; Allows Set-Off of STCL and LTCL Against Long-Term Gains

Receipt Remains Capital or Revenue Regardless of Utilisation: ITAT

ITAT Bangalore Excludes Multiple Comparables in SAP India TP Case; Upholds Interest on Receivables

ITAT Quashes CIT(A) Order for Lack of Natural Justice in Rs. 3.43 Lakh Expense Disallowance

ITAT Quashes Old Regime Tax Demand After Income Tax Portal E-Filing glitches Blocked Form 10-IC Submission