ITAT Kolkata Dismisses Appeal as Assessee Opts for Amicable Settlement Under DTVSV Scheme 2024 Introduction The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal...
No Adjustment of Carried Forward Additional Depreciation Against Opening WDV: ITAT Introduction The Income Tax Appellate Tribunal (ITAT), Ahmedabad has granted relief to Maxxis Rubber India Pvt....
Section 80IA Deduction Allowed on Interest from Fixed Deposits and TDS Refund for Business Purposes: Bombay High Court Introduction The Bombay High Court has held that interest on fixed deposits...
ITAT upholds CIT(A)’s order citing lack of evidence in Ramesh Zaveri matter Rejects the addition of Rs.10.91 crore on undisclosed sales and unexplained stock of jewelry The Mumbai bench of the...
ITAT restores Rs.8.79 lakh matter of Asiatic Industries to AO for re-adjudication The appeal of the assessee was partly allowed for statistical purposes The Kolkata bench of the Income Tax...
Rule of Consistency Prevails: ITAT Dismisses Revenue Appeal on Interest Disallowance Introduction The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the partial...
Trilegal Represented Springer Healthcare in Landmark Delhi High Court Reassessment JudgmentTrilegal successfully represented Springer Healthcare before the High Court of Delhi, which allowed the...
ITAT Mumbai Quashes Reassessment Proceedings For AY 1998-99; Represented By Lakshmikumaran & Sridharan Attorneys Introduction A recent judgment involving the validity of reassessment...
Supreme Court: Banks Entitled to Tax Deductions for Broken Period Interest on HTM Securities Held as Trading AssetsThe Supreme Court has ruled that banks can claim tax deductions for broken period...
Bombay High Court: AO Cannot Re-Open Assessment to Remedy Error Resulting from His Oversight in Assessment The Bombay High Court has ruled that the Assessing Officer cannot take recourse to reopen...
