No initiation of disallowances is required under Rule 8D(2)(i) if Direct Expenses not debited to P/L Account of Business: ITAT sets aside Order of CIT(A) [Read Order]

Fraudulent Refund by Increasing Deductions and Reducing Taxable Income is Fraud committed against Dept to Evade Income Tax: ITAT upholds Penalty [Read Order]

Disallowances can’t be made u/s 14A of Income Tax Act Earnings from Exempt Income: ITAT deleted the Addition made in Income [Read Order]

No Information available with respect to Subsequent Recovery of Bad Debts: ITAT sustains Disallowances of Bad Debt written off for Rupees Twenty Lakhs

Finance Act Amendment denying Deduction towards ESI/PF Contributions beyond Due Date not applicable prior to 2021: ITAT allows 47 Appeals [Read Order]

CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]