ITAT: Manual Cash Book Entries Deemed Non-Incriminating Material For Section 153A IT Act The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the manual cash book includes...
Delhi High Court: Reopening Or Abatement Of Assessment Triggered Only Upon Material Discovery The Delhi High Court has held that a reopening or abatement would be triggered only upon the discovery of...
AO Failed to Verify Genuineness and Creditworthiness of Transactions: Delhi High Court The Delhi High Court bench, comprising Justices Yashwant Varma and Purushaindra Kumar Kaurav, concluded that the...
Delhi High Court Disapproves Arbitrary 'Pick-And-Choose' Method for Rejecting Entries in Books of Account The Delhi High Court has ruled that rejecting entries from accounting books using...
Rajasthan High Court: Admission of Transaction Undisclosed In ITR Constitutes Grounds for Reassessment under Section 148 IT Act The Rajasthan High Court has observed that when the assessee...
Allahabad High Court Holds Assessing Authority Responsible for Proving Escaped Assessment: Quashes Reassessment Order against Flipkart The reassessment order against Flipkart has been quashed by the...
Bombay High Court: Interest Paid On A Loan Taken To Invest In Shares Of A Subsidiary As Part Of Regular Business Activities Is Allowable Expenditure The Bombay High Court has ruled that when an...
Kerala High Court Upholds Tribunal's Decision that Yoga and Meditation Charges Are Subjected To Tax under Kerala Tax on Luxuries Act The Kerala High Court, in a decision by Justices A. K....
ITAT: OYO Exempt from TDS on Minimum Guarantee Payments to Hotels The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that assessee, is not subject to TDS under Section 194C of the...
ITAT Quashes Merely based on SEBI's Interim Order The Income Tax Appellate Tribunal, (ITAT) Delhi Bench, on 19 March 2021, in the case titled Shri Tapas Kumar Mallick (Appellant) v. The ACIT...
ITAT grants partial relief to Kingfisher Airlines The Income Tax Appellate Tribunal (ITAT), Bengaluru, by two members bench comprising of N.V. Vasudevan (Vice President) and B.R. Baskaran...
ITAT held addition of unabated assessment without incrimination of seized material for assessment u/s. 153A of IT Act cannot sustain The Income Tax Appellate Tribunal (ITAT) held that the addition of...
