Judgement

ITAT deleted a Rs 43.04 lakh addition against a jeweller after finding no evidence to support the IT Department's allegation of unaccounted gold purchases.

ITAT Deletes Rs 43.04 Lakh Tax Addition, Says Mere Third-Party Records Cannot Establish Unaccounted Purchases

The Tribunal invalidated the Section 148 reassessment notice, rendering the Revenue's appeal infructuous.

ITAT Sets Aside Reassessment Proceedings, Holds Revenue's Appeal Infructuous

The ITAT Delhi holds that once Section 92BA(i) was omitted, proceedings initiated under the omitted provision cannot survive
 


ITAT Rules Omission of Section 92BA(i) Invalidates Transfer Pricing Proceedings

The ITAT Delhi held that the CIT(A) failed to consider the application for admission of additional evidence filed under Rule 46A



 ITAT Restores Appeal After CIT(A) Ignored Rule 46A Additional Evidence Application

The ITAT Delhi holds that expenditure not claimed in the Profit & Loss Account cannot be disallowed due to delayed deduction of TDS.



ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress 

ITAT restored Rs 1.90 Crore Section 68 addition case to AO for fresh adjudication, allowing fresh opportunity to submit evidence proving loan genuineness.

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ITAT Deletes Rs 43.04 Lakh Tax Addition, Says Mere Third-Party Records Cannot Establish Unaccounted Purchases

ITAT Sets Aside Reassessment Proceedings, Holds Revenue's Appeal Infructuous

ITAT Rules Omission of Section 92BA(i) Invalidates Transfer Pricing Proceedings

ITAT Restores Appeal After CIT(A) Ignored Rule 46A Additional Evidence Application

ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress

ITAT Remands Rs 1.90 Crore Section 68 Unexplained Cash Credit Addition Case, Granting Taxpayer Another Chance to Prove Loan Genuineness