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Sales Commission to Director’s Relatives allowable when Services Proven: ITAT Deletes ₹35.38 Lakh Disallowance [Read Order]

Navasree A.M

The Income Tax Appellate Tribunal ( ITAT ), Bangalore Bench, has deleted a disallowance of ₹35.38 lakh made by the Assessing Officer (AO) towards...

Supreme Court Likely to Hear Indian National Congress’ ₹199-Crore Income Tax Exemption Dispute on...

Gujarat HC Quashes S. 153C Income Tax Notices for Lack of Incriminating Material Linking Petitioner...

MAT u/s 115JB Inapplicable to Banks: ITAT affirms Deletion of ₹305.49 Cr Penalty on Central Bank...

Cash Payment Disallowance u/s 40A(3) Partially Upheld: ITAT Remits for Verification of Government...

ITAT Directs TPO to Re-calculate Adjustment after Exclusion of Erroneous Comparable and Re-application of Filters [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) directed the Transfer Pricing Officer (TPO) to re-evaluate the arm's length price (ALP) of an assessee’s international transactions after ...

Supreme Court upholds 100% Income Tax Addition on Bogus Purchases u/s 69C, Dismisses SLP [Read Order]

The Supreme Court has upheld the Bombay High Court’s ruling that restored the Assessing Officer’s 100% addition of ₹20.06 crore as bogus purchases under Section 69C, dismissing the Special Leave...

ITAT Affirms CIT(A)'s Deletion of Bad Debts of ₹1.26 Cr, Management Fee and Depreciation Citing Submission and Verification of Evidence [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income tax (Appeals) [CIT(A)]’s order, which had deleted disallowances related to bad debts, management fees, ...

WhatsApp Chat Between Buyer’s Son and Accountant Has No Evidentiary Value Without 65B Certificate: ITAT deletes S.69A Addition [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal, held that an unverified WhatsApp chat recovered from a third party could not form the basis of an addition under Section 69A of the Income Tax...

Supreme Court bars Income Tax Dept from Coercive Steps While Examining Faceless vs Jurisdictional AO Authority [Read Order]

The Supreme Court has granted relief to petitioner challenging reassessment proceedings initiated by the Income Tax Department amid a dispute over whether such proceedings must be handled by the...

Time-Barred Audit Visit Report Vitiates Entire Proceeding: Orissa HC Sets Aside OVAT Assessment on Indian Oil Adani Ventures [Read Order]

The Orissa High Court held that an Audit Visit Report submitted beyond the statutory seven day period prescribed under the Odisha Value Added Tax Act, 2004 vitiates the entire assessment...

Taxpayer Provided Only Informal Assistance to Relatives and Lacked Clear Ownership: ITAT Deletes from profits of Alleged firms [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the additions made on account of unsecured loans and estimated profits related to two entities Gopala Garments and Race Kids...