ITAT Mumbai allows United Spirits Limited to claim MAT credit under the VSV Scheme for the year in question, setting a precedent for similar cases.
Delhi ITAT rules against assessment order and notice of demand without Document Identification Number (DIN), emphasizing adherence to CBDT Circular No.19/2019.
Delhi’s ITAT dismisses revenue’s appeal, upholding CIT(A)’s deletion of additions under Section 68 of the Income Tax Act due to lack of cash payment evidence.
Chennai’s ITAT supports CIT(A)’s deletion of cash deposit additions under Section 69A of the Income Tax Act, highlighting evidence-based judgment.
ITAT Delhi rules against penalty under Section 271(1)(c) for inaccurate income particulars from property sale, emphasizing legal and factual clarity.
ITAT Delhi held that Liaison Office playing an active role with regard to printing of books treatable as Permanent Establishment in terms of Article 5(2) of India-Germany Double Taxation Avoidance Agreement (DTAA).
Read how ITAT Delhi grants relief to Sony India Pvt Ltd, ruling that no liability arises as Revenue failed to issue Demand Notice for FBT interest component. Full text included.
ITAT Bangalore held that microfinancing activities by charging exorbitant interest cannot be considered to be charitable purpose in terms of section 2(15) of the Income Tax Act accordingly exemption claimed u/s 11 and 12 duly deniable.
Read the detailed analysis of Ram Prakash Bhatia Vs ACIT case where ITAT Delhi upholds addition made on commission income earned from accommodation entries. Full text of the order included.
Read the detailed analysis of Shekhar Agarwal Vs ACIT case where ITAT Delhi deletes addition of diamond jewellery found during search proceedings. Full text included.
