Judgement

The Supreme Court set aside the Delhi HC's ruling, holding that an AO cannot disallow an amount never claimed as a deduction without establishing its impact on taxable income.

Supreme Court Sets Aside Delhi HC's Order, Holds No Disallowance of Expenses Never Claimed as Deduction Under Income Tax Act

The ITAT Ahmedabad rules consistent investment treatment and Section 194LBA(2A) support assessee’s claim.

ITAT Holds Land Sale Gains Taxable as Capital Gains

The ITAT Ahmedabad holds compensation under BSNL Voluntary Retirement Scheme eligible for exemption Under Section 10(10B).

ITAT Allows Section 10(10B) Exemption on BSNL VRS-2019 Compensation

The ITAT Ahmedabad rules that penalty under Section 270A requires revenue to establish misreporting under the specific categories given under Section 270A(9).


ITAT Holds Mere Disallowance of Employees’ PF/ESI Contribution Insufficient

The ITAT Ahmedabad rules that revision is invalid where assessing officer conducted due enquiries and adopted a plausible view.


ITAT Holds Audit Objection Cannot Alone Justify Reassessment Revision

The ITAT Ahmedabad mere suspicion over demonetisation-era cash deposits cannot justify addition without supporting evidence.


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Supreme Court Sets Aside Delhi HC's Order, Holds No Disallowance of Expenses Never Claimed as Deduction Under Income Tax Act

ITAT Holds Land Sale Gains Taxable as Capital Gains

ITAT Allows Section 10(10B) Exemption on BSNL VRS-2019 Compensation

ITAT Holds Mere Disallowance of Employees’ PF/ESI Contribution Insufficient

ITAT Holds Audit Objection Cannot Alone Justify Reassessment Revision

ITAT Upholds Rs 35 Lakh Addition Under Section 41(1)