ITAT Mumbai held an allotment letter is not an agreement for sale under Section 56(2)(x) but restricted the addition to the assessee’s ownership share.
Chhattisgarh HC set aside Section 143(1)(a) disallowance, holding the disputed Section 36(1)(va) issue was highly debatable when the intimation was issued.
Telangana HC quashed Section 148 proceedings, holding reopening impermissible after Form 10 had been examined, accepted, and assessment completed.
ITAT Bangalore dismissed the Revenue’s appeal, upholding relief granted by CIT(A) by following binding precedents in the assessee’s own cases.
ITAT Hyderabad held capital gains taxable in AY 2016-17 based on the registered sale agreement and rejected the 25.65% ownership claim, allowing tax credit.
Telangana HC set aside denial of Section 80P deduction, holding the co-operative credit society entitled to reconsideration of deduction on bank deposit interest.
ITAT Ahmedabad upheld deletion of Section 80IB(10)(f) disallowance as the Revenue failed to prove violation with corroborative evidence.
CESTAT Chennai held a personal penalty appeal abated on the appellant’s death as no application for continuance was filed under Rule 22.
ITAT Delhi dismissed the Revenue’s appeal and upheld deletion of disallowance, holding Section 194Q applies to purchase of goods, not transmission charges.
Madras HC upheld denial of CENVAT credit, extended limitation and penalty, holding suppression justified the extended period under the Central Excise Act.
