ITAT Bangalore mandates working capital adjustments and excludes functionally different comparables in a transfer pricing case, directing a fresh benchmarking analysis.
ITAT Bangalore remands a trust’s 80G cancellation, citing a violation of natural justice. The trust gets a fresh opportunity to prove the genuineness of its activities.
ITAT Bangalore remands a case where an email address was ignored, violating natural justice. The assessee gets a fresh chance to prove his land was agricultural.
No Records, No Relief – Expenses Must Be Proven – Tribunal Confirms Disallowance on Estimate Basis- Agricultural Income Inflated, Expenses Unproved –Bang ITAT Dismisses Appeal
ITAT Jaipur deletes additions on unsecured loans and partners’ capital for Vikas Oil Mill, citing sufficient evidence like ITRs and cash books to prove their genuineness.
ITAT Pune remands Life Eternal Trust’s 80G application, directing CIT(E) to provide one more opportunity for the trust to submit evidence of its activities.
ITAT Bangalore deletes a Section 68 addition on a trader’s demonetisation deposits, ruling that cash from business receipts cannot be taxed again after turnover is accepted.
Delhi ITAT invalidates reassessment against Sportking India, ruling that approval from a superior authority cannot replace the required statutory sanction.
The Rajasthan High Court quashed reassessment notices and orders issued by a Jurisdictional Assessing Officer, reaffirming that under the faceless regime, only a Faceless Assessing Officer holds the authority to issue such notices.
ITAT Bangalore remands case to CIT(A), directing a fresh review of tax exemption claims on compensation received under the RFCTLARR Act.
