Judgement

ITAT upholds CIT(A)’s deletion of addition of Rs. 8,94,55,878 u/s 56(2)(viib), holding that Assessing Officer cannot replace DCF with NAV once method is validly adopted under Rule 11UA.

DCF Valuation Accepted: ITAT Upholds Deletion of Rs. 8.94 Cr Share Premium Addition

ITAT quashes PCIT’s revision under Section 263 where AO had issued notice u/s 142(1), examined receipts and bank statements and taken a plausible view in allowing deduction u/s 80GGC.

ITAT Quashes Revision Order Passed by PCIT u/s 263 on Donation to Political Party

ITAT upheld PCIT’s revision, holding that excess depreciation due to unadjusted government grants warranted reassessment.

ITAT: Excess Depreciation on Govt-Funded Assets Triggers Fresh Tax Assessment

ITAT Delhi dismisses Revenue’s appeal as AMP issue covered under unilateral APA; remands Rs.1.63 crore disallowance u/s 40(a)(i) to AO for factual verification of cost allocations and DTAA applicability.

ITAT Remands Rs.1.63 Crore Disallowance u/s 40(a)(i) for Fresh Verification; Dismisses Revenue’s AMP Adjustment Grounds as Covered under APA

ITAT Remands Rs.1.63 Crore Disallowance u/s 40(a)(i) for De Novo Consideration

High Court directs immediate release of bank accounts attached under Section 226(3) after 20% deposit of demand; allows assessee to seek relief before CIT for remaining balance

Delhi High Court Allows De-Attachment of Bank Accounts on Deposit of 20% Demand

Since the non-compliance was due to the ngeligence of the consultant, the tribunal believed that the matter deserved a fresh look.

Explore Our Blogs

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

DCF Valuation Accepted: ITAT Upholds Deletion of Rs. 8.94 Cr Share Premium Addition

ITAT Quashes Revision Order Passed by PCIT u/s 263 on Donation to Political Party

ITAT: Excess Depreciation on Govt-Funded Assets Triggers Fresh Tax Assessment

ITAT Remands Rs.1.63 Crore Disallowance u/s 40(a)(i) for De Novo Consideration

Delhi High Court Allows De-Attachment of Bank Accounts on Deposit of 20% Demand

ITAT Ahmedabad Restores Matter for Fresh Hearing Over Consultant's Negligence