ITAT Jaipur set aside an ex parte CIT(A) order for non-compliance with Section 250(6) and remanded the appeal for fresh decision on merits.
ITAT Jaipur set aside an ex parte CIT(A) order for non-compliance with Section 250(6) and remanded the matter for fresh adjudication after hearing.
Delhi HC upheld Section 263 revision, holding an unreasoned assessment on subsidy was erroneous, and remanded the issue for fresh AO determination.
SC upheld Section 263 revision, holding an unreasoned assessment on subsidy was erroneous, and directed the AO to decide the issue independently.
Calcutta HC stayed recovery in a high-pitched assessment, directed expeditious disposal of the pending appeal, and set aside the Single Judge’s order.
ITAT Mumbai held Section 43CA inapplicable to pre-01.04.2013 allotment agreements and deleted the addition, accepting the 5% valuation difference.
ITAT Delhi remanded comparable selection, directed working capital adjustment, allowed risk adjustment, and partly allowed the transfer pricing appeal.
ITAT Mumbai held interest on borrowed funds used to acquire property is deductible under Section 48 for pre-2024 years and dismissed the Revenue’s appeal.
ITAT Kolkata held interest on loans used to acquire property is allowable under Section 48 for pre-AY 2024-25 years and deleted the disallowance.
ITAT Delhi upheld inclusion of interest on acquisition loan and related acquisition costs under Section 48, dismissing the Revenue’s appeal.
