Judgement

ITAT holds statutory notice mandatory, upholds genuine tax planning and grants substantial relief to assessee.

ITAT Allows Genuine Tax Planning, Deletes Rs.258 Crore Section 68 Addition

The ITAT rules receivables discounting is not interest, quashing over Rs.9.91 crore TDS demand.

ITAT Holds Receivables Discounting Charges Not Liable to TDS Under Section 194A

ITAT deletes Section 69A addition after accepting registered land sale receipts and Sikkim tax exemption.

ITAT Deletes Demonetisation Addition on Sikkim Land Sale Cash Deposits

ITAT holds statutory exemption cannot be denied merely because it was not claimed in the return.

ITAT Grants BSNL VRS Exemption Despite No Claim in Return

The ITAT held that the enhanced 60% tax rate under Section 115BBE cannot be applied to AY 2017-18 and directed the AO to levy tax at the pre-amended rate of 30%.

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ITAT Allows Genuine Tax Planning, Deletes Rs.258 Crore Section 68 Addition

ITAT Holds Receivables Discounting Charges Not Liable to TDS Under Section 194A

ITAT Deletes Demonetisation Addition on Sikkim Land Sale Cash Deposits

ITAT Grants BSNL VRS Exemption Despite No Claim in Return

ITAT Rules Enhanced 60% Tax Under Section 115BBE Cannot Be Applied to AY 2017-18; Directs AO to Levy 30% Tax

ITAT Upholds Deletion of Rs 5.61 Crore Addition as AO Failed to Independently Verify Alleged Accommodation Entries