ITAT Delhi quashes ₹8.11 Cr addition, ruling reassessment void due to mechanical approval by JCIT. AO’s lack of independent mind also cited. Safeguards are not rituals.
ITAT directs fresh transfer pricing analysis for UST Global, ruling that tax authorities must apply an upper turnover filter when using a lower one.
Delhi High Court validates income tax department’s search and seizure of Rs.4.6 Cr in bullion and jewellery, dismissing claims of undisclosed assets and CBDT limits.
Delhi High Court rules purchases from foreign AEs without a PE are not taxable in India, preventing Section 40(a)(i) disallowance and upholding DTAA non-discrimination clauses.
Delhi High Court held that employees contribution to Employees Provident Fund [EPF] or Employees State Insurance [ESI] is to be made on or before statutory due date set out in respective EPF/ESI Act.
Madras High Court upholds ITAT order quashing reassessment proceedings, ruling that an assessment cannot be reopened for a change of opinion on facts already examined.
ITAT Delhi quashes assessments under Section 153A due to “mechanical” Section 153D approval by the Additional CIT. The tribunal emphasized that this approval is a mandatory safeguard, not a mere formality, and its lack of application of mind renders assessments void.
Agra ITAT directs the AO to tax a private family trust at normal rates, not the MMR, after finding the trust’s incorrect tax form was a bona fide error.
Delhi ITAT reduces a Rs.3.50 Cr bogus creditor addition to Rs.45 lakh, ruling that purchases were genuine despite suspicious cash payments to unverified parties.
Delhi ITAT sets aside a reassessment order against Jaivir, ruling that the AO’s use of a repealed section (147(a)) shows a lack of application of mind, rendering the notice
