ITAT Mumbai rules in favor of Anurag Chandra, validating the method of declaring foreign profit after currency conversion. Addition deleted in appeal. Learn more.
Read the detailed analysis of the ITAT Chennai order in the case of D. Ramagopal Vs ACIT, where addition was upheld due to failure in proving the genuinity of income from agriculture activities.
Explore the detailed analysis of the ITAT Ahmedabad order regarding the rejection of registration of Parul University Alumni Association due to a mismatch in trust name and objectives.
ITAT Bangalore ruled that payments received by a non-resident from an Indian company for interconnect utility charges cannot be taxed as royalty under section 9(1)(vi) of the Income Tax Act in the absence of a DTAA.
ITAT held that date of recording of satisfaction in the case of searched person qua non-searched person becomes date of search in case of non-searched person
Read the detailed analysis of Vivek Prahladbhai Patel vs ITO case where ITAT Ahmedabad deletes cash deposit addition under section 69A of Income Tax Act 1961.
ITAT Delhi directs verification of peak credits in the undisclosed ICICI Bank account in the case of Gulshan Grover vs ITO, addressing unexplained cash deposits.
Assessee was a commercial bank having its head office in France and had 8 branches in India. Assessee was involved in normal banking activities including financing of foreign trade and foreign exchange transaction
ITAT Delhi rules against Section 41(1) addition when no cessation of liability occurs, directing cancellation of a demand in the case of Late Sh. Mahender Kumar Mittal vs. ITO.
Delve into the detailed analysis of the ITAT Agra case between Manish Kumar Shukla and ITO regarding the mandatory examination of books of accounts before rejection. Full text order included.
