Judgement

ITAT reduced the addition on cash found in a joint bank locker after partly accepting the taxpayers' claim that it represented marriage gifts.

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

The Supreme Court ruled that the arrangement between the parties constituted a principal-agent relationship and not a principal-to-principal sale


SC Holds BPCL & HPCL Liable to Pay Service Tax on CNG Sale Services Given to MGL

ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

The ITAT held that no addition can be made in an unabated Section 153C assessment unless it is based on incriminating material seized during the search.

Unabated Section 153C Assessment Cannot Be Reopened Without Incriminating Material: ITAT

The ITAT remanded the penny stock LTCG exemption case to the Assessing Officer for fresh verification of documentary evidence and a fresh decision.

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

ITAT remanded the tax dispute to the AO for a fresh assessment after admitting additional evidence and directing a fair reconsideration of the taxpayer's claims. 

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ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

SC Holds BPCL & HPCL Liable to Pay Service Tax on CNG Sale Services Given to MGL

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

Unabated Section 153C Assessment Cannot Be Reopened Without Incriminating Material: ITAT

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

ITAT Orders Fresh Assessment After Accepting Additional Documentary Evidence