ITAT Chennai held that Once, nature of expenditure and source is explained, then the question of making additions towards refund money as unexplained expenditure u/s. 69C of the Income Tax Act does not arise.
ITAT Chennai held that acquiring jurisdiction u/s 153C of the Income Tax Act without fulfilling the requirement of satisfaction note in case of searched person is unsustainable and liable to be quashed.
Read the full text of ITAT Mumbai’s order in the case of Krystal Integrated Services Pvt Ltd vs. DCIT regarding delayed ESI remittance.
Discover how ITAT Mumbai’s recent ruling affects capital gain exemption under section 54F for properties purchased outside India.
Read the detailed analysis of DCIT Vs Bhanu Infrabuild Pvt Ltd (ITAT Delhi) case. No income tax addition if source of cash deposits during demonetization is proven.
Trak Services (P) Ltd. vs. ITO (ITAT Delhi) – Analysis of ITAT’s order deleting addition on sale consideration of shares. AO’s role and legal references discussed.
Uttam Dairy Staff Co-operative Credit & Supply Society vs. AO – ITAT Ahmedabad upheld deduction under Section 80P despite delayed filing due to Govt. Auditor. Analysis here.
Read how ITAT Mumbai ruled in favor of KVR Infra in a case involving inflated cost of a crane in an agreement for higher banking loan. Detailed analysis here.
Detailed analysis of ITAT Delhi’s decision in the case of Tourism Finance Corporation of India Ltd. vs. ACIT regarding the allowability of expenditure for business expansion.
Analysis of ITAT Chennai’s decision in Smt. Saraniyaa Karthick vs. ITO regarding the estimation of addition on account of cash deposits during the demonetization period.
