The ITAT Visakhapatnam quashed a revisionary order against the Andhra Pradesh Pollution Control Board, confirming its unutilized surplus is exempt under Section 10(46).
Visakhapatnam ITAT has remanded a tax case to AO after CIT(A) accepted new evidence without following proper procedure under Rule 46A.
ITAT Cochin has ruled that banks can claim a bad debt deduction under Section 36(1)(vii) even if their claim under Section 36(1)(viia) is disallowed. This is a crucial precedent.
Delhi High Court dismisses an appeal from the PCIT, upholding the acquittal of an assessee in a prosecution case for failure to file returns under Section 276CC.
ITAT Hyderabad rules against the re-taxing of a gift, stating that revisiting the same facts to make a new addition is an impermissible “change of opinion.”
Delhi High Court allows prosecution of Raj Kumar Kedia in a Rs. 700 crore accommodation entry scam, confirming the authority of the Principal Director (Inv.) to grant sanction.
ITAT Ahmedabad rules that employer contributions to an annuity plan are not taxable for VRS retirees until the benefits are actually received, providing relief from double taxation.
ITAT Ahmedabad remands a case to the CIT(A) for a third time, citing a failure to follow binding directions in a dispute over a bogus purchase.
The Ahmedabad ITAT has quashed a revision order, ruling that no revision is possible when the underlying reassessment order was invalid due to improper sanction.
The Ahmedabad ITAT has deleted additions for unexplained investments and partners’ capital, ruling that the firm had provided sufficient proof of the partners’ creditworthiness.
