The ITAT Delhi quashed an income tax reassessment against Amar Chemicals, ruling the assessment void because the mandatory notice under Section 143(2) was not served.
The ITAT Chennai has upheld the addition of unexplained cash deposits for Sucram Pharmaceuticals, citing a lack of proof for alleged debt recoveries and scrap sales.
Chennai ITAT ruled that the Taxation and Other Laws Act (TOLA) does not extend the deadline for assessments, citing judicial precedents. The assessment order was held to be time-barred.
Delhi ITAT rules on delayed PF/ESI deposits, distinguishing between periods before and after the Checkmate Services case. Learn when disallowances are valid under Section 143(1).
Delhi ITAT upholds the deletion of a tax addition on cash sales during demonetization, ruling that the tax authority’s addition was based on assumptions, not evidence.
The ITAT Delhi has deleted additions made by the tax department, ruling that an ad-hoc expense disallowance and additions for loans and cash deposits were invalid.
ITAT Mumbai held that interest on delayed VAT/GST and penalties for export obligation defaults are deductible u/s 37(1). However, loss on sale of assets was treated as short-term capital loss and could not be set off against business income.
The ITAT Delhi has quashed a reassessment notice, ruling it was based on borrowed satisfaction and mechanical approval from superior tax authorities.
The ITAT Delhi has quashed a reassessment notice, ruling it was invalid for being issued for verification and based on a borrowed belief without tangible material.
The ITAT Raipur has quashed a reassessment notice for AY 2016-17, ruling it was invalid due to a jurisdictional error where the approval was granted by an incorrect authority.
