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Pune ITAT restored Sections 12AA/12AB registration, holding structured skill development constitutes education under Section 2(15) despite allegations. The post Pune ITAT Restores U/s 12AA/12AB Regist…
Bombay HC quashed Section 148 reopening for AY 2013-14, holding Section 43CA was inapplicable and stamp duty valuation alone could not justify addition. The post Section 43CA Inapplicable to AY 2013-1…
ITAT Jaipur deleted penalties under Sections 271D and 271E, holding the cash transaction was not a loan or deposit under Sections 269SS and 269T. The post Sections 271D/271E Penalty Deleted as Transac…
ITAT Jaipur set aside an ex parte CIT(A) order for non-compliance with Section 250(6) and remanded the appeal for fresh decision on merits. The post Section 250(6) Mandates Speaking Appellate Orders A…
ITAT Jaipur set aside an ex parte CIT(A) order for non-compliance with Section 250(6) and remanded the matter for fresh adjudication after hearing. The post Section 250(6) Requires Reasoned Appellate…
Delhi HC upheld Section 263 revision, holding an unreasoned assessment on subsidy was erroneous, and remanded the issue for fresh AO determination. The post Unreasoned Assessment Order Justifies Secti…
SC upheld Section 263 revision, holding an unreasoned assessment on subsidy was erroneous, and directed the AO to decide the issue independently. The post SC Upholds Section 263 Revision Due to Unreas…
ITAT Mumbai held Section 43CA inapplicable to pre-01.04.2013 allotment agreements and deleted the addition, accepting the 5% valuation difference. The post Section 43CA Inapplicable to Pre-2013 Allotm…
ITAT Delhi remanded comparable selection, directed working capital adjustment, allowed risk adjustment, and partly allowed the transfer pricing appeal. The post No-Risk Status & Working Capital Adjust…
ITAT Mumbai held interest on borrowed funds used to acquire property is deductible under Section 48 for pre-2024 years and dismissed the Revenue's appeal. The post Interest on Borrowed Funds Deductibl…
ITAT Kolkata held interest on loans used to acquire property is allowable under Section 48 for pre-AY 2024-25 years and deleted the disallowance. The post Interest on Borrowed Funds Allowed U/s. 48 Be…
ITAT Delhi upheld inclusion of interest on acquisition loan and related acquisition costs under Section 48, dismissing the Revenue's appeal. The post Interest on Borrowed Funds Forms Part of Cost of A…