The ITAT Hyderabad has largely upheld the disallowance of sub-contractor expenses for ASR Engineering & Projects Ltd., citing lack of genuineness and coordinated cash withdrawals. The tribunal also addressed the validity of revised returns for Section 80IA claims.
The cancellation of registration under Section 12AB was not justified as PCIT lacked jurisdiction and that the “specified violation” clause under Section 12AB(4) was inapplicable for the financial years in question.
The ITAT Rajkot recently deliberated on whether a co-operative society could be denied an 80P deduction for a belatedly filed income tax return. This case examines the scope of adjustments under Section 143(1) of the Income Tax Act.
ITAT Ahmedabad allows co-operative societies to claim 80P(2)(d) deduction on interest from co-op banks, distinguishing it from private bank interest.
ITAT Mumbai addresses a cooperative housing society’s appeal, examining the disallowance of Section 80P deductions by CPC and clarifying the scope of permissible adjustments under Section 143(1)(a) of the Income Tax Act, 1961.
Delhi ITAT voids IHG IT Services’ assessment for AY 2010-11, citing procedural delay in passing the final order after DRP directions under Section 144C(13).
The ITAT Delhi quashed the assessment order against Dabur Pharma Ltd. for being time-barred, clarifying the mandatory one-month deadline for Assessing Officers under Section 144C(13) of the Income Tax Act, 1961, following DRP directions.
The ITAT Delhi quashed the assessment order against Dentsply India (P) Ltd., ruling it was time-barred under Section 144C(13) of the Income Tax Act. The order highlights mandatory timelines for Assessing Officers after DRP directions.
ITAT Delhi quashed a tax assessment against Adobe Systems India P. Ltd., ruling it time-barred. The court highlighted the Assessing Officer’s failure to adhere to the statutory deadline post-DRP directions.
Delhi ITAT allows assessee’s appeal, removing Rs. 4.92 lakh cash deposit addition after High Court remand, citing verified bank withdrawals as source.
