Judgement

The ITAT Delhi directed CIT(A) to provide three effective opportunities before deciding depreciation claim.

ITAT Remits Bogus Depreciation Disallowance for Fresh Adjudication 

ITAT remands taxpayer’s Rs 4.90 crore depreciation dispute to CIT(A) for fresh adjudication, citing natural justice concerns and need for further opportunity.

ITAT Remands Rs 4.90 Crore Depreciation Dispute to CIT(A), Cites Natural Justice Concerns and Need for Further Opportunity

News

Sapphire Foods India has received a INR 1.40 Million GST show-cause notice over alleged incorrect ITC availment and utilisation, which the company disputes.

Sapphire Foods India Receives INR 1.40 Million GST Show-Cause Notice Over Alleged Incorrect ITC Availment and Utilisation

ITAT held that two bungalows constructed and used as one residential unit could qualify for deduction under Section 54F of the Income Tax Act.

ITAT Allows Section 54F Deduction for Two Bungalows Clubbed as Single Residential Unit

ITAT upheld the PCIT’s Section 263 revision order for the AO’s failure to properly verify suspected bogus purchases and red-flagged suppliers.

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

CBI has arrested two accused in a Rs 11.42 crore digital arrest case in Gujarat and searched 22 premises across 10 states under Operation Chakra VI.

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ITAT Remits Bogus Depreciation Disallowance for Fresh Adjudication

ITAT Remands Rs 4.90 Crore Depreciation Dispute to CIT(A), Cites Natural Justice Concerns and Need for Further Opportunity

Sapphire Foods India Receives INR 1.40 Million GST Show-Cause Notice Over Alleged Incorrect ITC Availment and Utilisation

ITAT Allows Section 54F Deduction for Two Bungalows Clubbed as Single Residential Unit

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

CBI Arrests Two in Rs 11.42 Crore Cyber Fraud Network, Raids 22 Premises in 10 States under Operation Chakra VI