Commissioner cannot invoke Revisional Jurisdiction to cancel Assessment: ITAT [Read Order]

Penalty can’t Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]

Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]

Income Tax: Computation of Books Profit invalid where Gross Taxable Income and Total income are Nil, rules ITAT [Read Order]

Penalty proceedings u/s 271(1)(c) not sustainable if reason not specified: ITAT [Read Order]

ITAT upholds ALP of corporate guarantee as determined 0.43% p.a, directs the AO to vacate the upward transfer pricing adjustment [Read Order]