ITAT Chandigarh directs the Assessing Officer to verify if the assessee paid a portion of GST before the return due date to allow deduction under Section 43B.
ITAT Delhi rules that cash deposits made during demonetization from recorded cash sales are not unexplained income, deleting an addition under Section 68.
The ITAT Delhi deleted a Rs. 3.36 crore addition for bogus sundry creditors, ruling that the addition was invalid as the assessee’s purchases and sales were not disputed.
The ITAT Delhi dismissed the Revenue’s appeals against Asian Consolidated Industries, upholding the CIT(A)’s decision to allow deductions and reject the application of Section 44AD.
The ITAT Delhi has quashed a reassessment notice against Durga Agencies Pvt. Ltd., citing a procedural error where the notice lacked proper sanction from the specified authority under Section 151(ii).
Delhi ITAT upholds a ₹305 crore tax addition against Mallard Securities Pvt. Ltd., citing the company’s failure to prove the genuineness of cash credits.
Delhi ITAT deletes additions to NM Industries’ income, ruling that receipts from trade debtors cannot be taxed again as unexplained credits.
ITAT Delhi upheld CIT(A) order deleting additions on alleged bogus LTCG from Kailash Auto Finance shares, citing SEBI’s clean chit and lack of AO’s independent enquiry.
The ITAT Delhi has ruled that a tax reassessment against Upneet Singh Arneja for AY 2016-17 was invalid because it was initiated beyond the three-year limit with improper approval from a lower-ranking authority.
The ITAT Delhi has quashed income tax assessments for Tarun Gupta and others, citing a vague satisfaction note and the reliance on an unsigned agreement as grounds for invalidating the proceedings.
