ITAT Mumbai has set aside a CIT(A) order for deciding an unrelated issue, and has restored the appeal for a fresh adjudication based on the original grounds.
The Mumbai ITAT has remanded a tax case, ruling that the AO was duty-bound to refer a valuation dispute to a DVO under Section 50C(2).
ITAT Chennai grants Foreign Tax Credit to Lakshmi Sundararajan, ruling that the delayed filing of Form 67 is not a mandatory reason for disallowance.
The ITAT Mumbai upholds deductions for Jyothy Labs, ruling that once allowed, they can’t be denied later. The court also addressed issues on interest allocation and capital gains.
The ITAT ordered a fresh hearing for Golden Liquor Agencies, stating that a technical glitch and a wrong email linked to an ex-employee were a reasonable cause.
ITAT deleted farm expense disallowances for Crystal Hatcheries, applying Abhisar Buildwell ruling that no incriminating material means no disallowance in unabated years.
ITAT Bangalore deletes ₹25.8L penalty under Section 271D as AO failed to record satisfaction in assessment order. Procedural lapse proved fatal.
ITAT Mumbai ruled that property transfer is effective on date of possession and payment, not registration. Section 43CA cannot override a completed transfer.
ITAT Bangalore ruled that an addition cannot be made to a concluded assessment during a search without incriminating material. A statement u/s 132(4) is not enough.
ITAT Bangalore set aside a CIT(A) order for mechanically dismissing an assessee’s appeal. The court ruled the CIT(A) must provide a basis for discarding an AO’s remand report.
