During the year, assessee has entered into several international transactions as per Form 3CEB and after analyzing the transactions under consideration. By relying on various decisions, TPO has rejected the submissions of the assessee.
ITAT Mumbai allows WOW Entertainment’s appeal, deleting ₹1.44 Cr addition under Section 68 due to denied cross-examination and proof of loan genuineness from a cooperative credit society.
ITAT Delhi sets aside assessment orders against Telenor India Communication Private Limited, finding them void as the entity merged with Bharti Airtel and ceased to exist before the orders were passed.
Read about DCIT Vs Alfa Laval India Pvt Ltd (ITAT Pune): Key findings on Transfer Pricing, rejection of Cost Plus Method, and disallowances for project costs and actuarial gains.
ITAT Delhi quashes final assessment order passed without a mandatory draft order under Section 144C(1), deeming it void from the beginning.
ITAT Cochin sets aside CIT(A) ruling on Kochin Co-op Society’s cash deposits; directs reassessment following procedural lapse in evidence review.
ITAT Cochin confirms 80P deduction for Kerala University Employees Co-op Society on interest income from co-op banks, SBI, and treasury investments.
ITAT Ahmedabad rules that a GST intimation under section 143(1) is invalid if not served within the prescribed time limits to the assessee.
ITAT Surat confirms ₹4.10 Cr addition u/s 69 for unexplained investment, upholds authority to dismiss cases for non-compliance.
ITAT Chennai restricts income addition to 25% of unexplained cash deposit, as assessee failed to establish source of funds during demonetization.
