ITAT Delhi held that applicability of section 115BBE of the Income Tax Act without initially fixing the addition under any of the charging provisions i.e. section 68, 69, 69A, 69B, 69C and 69D of the Income Tax Act is not tenable in the eye of law. Accordingly, appeal allowed.
The ITAT Delhi quashed a tax assessment against Melody Enterprises, ruling that the approval granted under Section 153D was mechanical, invalid, and lacked proper scrutiny.
ITAT Delhi quashes a reassessment for Sulekh Chand Jain, holding that the Rohtak Assessing Officer lacked territorial jurisdiction, making the proceedings invalid.
The ITAT Delhi has ruled in favour of Sourabh Logistics Pvt. Ltd. regarding ₹4.50 crore in share application money, upholding its deletion. However, additions of ₹1.50 crore for unsecured loans were partly confirmed and partly sent back to the Assessing Officer for further review.
ITAT Delhi upholds 10A deduction for Rs.43 Cr software sale by Nuwave E Solutions, rejecting Revenue’s claim it was an ineligible arbitration award.
Flywire Payments Corporation wins ITAT Kolkata appeal; payments from Muthoot Forex not considered royalty. Tribunal directs verification of US tax returns.
ITAT Jaipur deletes additions based on WhatsApp chats and rough diaries, rejects notional interest charges in Manoj Kumar Gupta income tax case.
ITAT Hyderabad deletes additions on agricultural land sales, advances, and JDAs for Aurora Educational Society group. Sustains Rs. 24.07 lakh addition for Banjara Hills property.
The ITAT Delhi has ruled that a reassessment without a mandatory Section 143(2) notice is a jurisdictional defect and is non est in law, quashing the assessment order.
The ITAT Delhi has remitted an appeal to the Assessing Officer, finding that automatic additions by the CPC for gratuity and Section 43B were due to a data mismatch and require fresh verification.
