ITAT held BSNL VRS-2019 compensation is retrenchment compensation under Section 10(10B), exempt from tax, and reversed the CIT(A)’s order.
ITAT held ₹33 crore settled rights over the entire land, allowing full indexed acquisition cost and rejecting proportionate restriction by the AO.
ITAT deleted the ₹75 lakh capital gains addition after holding the Revenue failed to produce conclusive evidence proving any property sale.
ITAT held that multiplying a seized figure without supporting evidence was unjustified and restricted the Section 69 addition to the actual amount recorded.
ITAT held that identical LTCL claims for co-owners of the same property cannot receive conflicting tax treatment and allowed the loss claim.
ITAT held a composite satisfaction note without year-wise incriminating material invalid under Section 153C and quashed the assessment order.
ITAT held that filing Form 56G instead of Form 56F was a rectifiable procedural error and directed reconsideration of the Section 10AA claim.
ITAT held forex loss from ECB and capital transactions is non-operating for TP purposes and directed recomputation of PLI.
ITAT held that increased employee remuneration cannot be disallowed merely because business revenue declined where the expenditure is justified and supported.
ITAT held Section 43CA did not apply as the flats were booked before the provision became effective, deleting the addition based on stamp duty value.
