The ITAT Delhi quashes search assessments against Minda Corporation, ruling that a mechanical, consolidated approval under Section 153D was invalid and failed to meet statutory requirements.
ITAT Delhi rules reassessment invalid, stating the Assessing Officer’s failure to provide a speaking order under Section 148A(d) was a violation of mandatory statutory procedures.
ITAT Delhi deletes a Rs.3.60 crore addition to income, ruling that unrealized interest cannot be taxed and that a fraudulent TDS return does not constitute actual income.
The ITAT Mumbai ruled that year-end provisions without an identifiable payee or a crystallized liability do not attract TDS, dismissing the revenue’s appeal against Viacom 18 Media.
ITAT Delhi rules recorded cash sales are not unexplained income under Section 68, preventing double taxation, even during demonetization, if books are accepted.
The ITAT Delhi deleted a penalty levied under Section 270A against Kanodia Technoplast, ruling that the penalty order was invalid for failing to specify the nature of the offense.
ITAT Ahmedabad upholds PCIT’s decision to set aside an assessee’s tax assessment, ruling that the AO’s failure to investigate a bogus donation claim under Section 80G was erroneous.
ITAT Pune rules that PCIT cannot revise an assessment under Section 263 if the AO took a plausible view. The 10% tolerance limit under Section 43CA is retrospective.
ITAT Delhi sets aside an order against Credulity Solutions, citing a violation of natural justice after the CIT(A) failed to consider uploaded documents.
ITAT Delhi sets aside a CIT(A) order for being “non-speaking,” remanding the case for a fresh hearing and a reasoned decision after giving the assessee a fair chance to present evidence.
