Direct tax Weekly Digest

Weekly Digest #42 17 Oct to 23 Oct 2020 4 Rulings

Income tax Appellate Tribunal ITAT: Investment in 'under-construction' property qualifies for Sec. 54F benefit, despite construction non-completion within 3 years

Oct 23, 2020

In Favour of : Assessee
Citation Number : TS-544-ITAT-2020(Bang)

Income tax Appellate Tribunal ITAT: No TDS default disallowance u/s. 40(a)(ia) for assessee opting presumptive basis taxation u/s. 44AD

Oct 21, 2020

In Favour of : Assessee
Citation Number : TS-539-ITAT-2020(SUR)

Income tax Appellate Tribunal ITAT:Interest on borrowed funds advanced to related concern, deductible u/s.57(iii); Cites nexus between income & expense

Oct 21, 2020

In Favour of : Assessee
Citation Number : TS-538-ITAT-2020(Mum)

Income tax Appellate Tribunal ITAT: Mitsui's Indian Subsidiary does not constitute DAPE in India, deletes consequent addition

Oct 23, 2020

In Favour of : Assessee
Citation Number : TS-545-ITAT-2020(DEL)

Weekly Digest #41 10 Oct to 16 Oct 2020 5 Rulings

Income tax Appellate Tribunal ITAT:Stamp- valuation in year of JDA execution relevant for LTCG computation on land-transfer

Oct 15, 2020

In Favour of : Assessee
Citation Number : TS-528-ITAT-2020(Bang)

Income tax Appellate Tribunal ITAT:Service charges retained by payment gateways, not commission u/s.194H; Deletes disallowance for TDS non-deduction

Oct 15, 2020

In Favour of : Assessee
Citation Number : TS-526-ITAT-2020(HYD)

High Court HC:Disallowance u/s.14A cannot exceed exempt income; Rejects revenue's hypothetical” future income plea

Oct 15, 2020

In Favour of : Assessee
Citation Number : TS-525-HC-2020(MAD)

Income tax Appellate Tribunal ITAT:TDS u/s.195 inapplicable on reimbursement of demurrage charges paid to NR Co.

Oct 15, 2020

In Favour of : Assessee
Citation Number : TS-527-ITAT-2020(Ahd)

Income tax Appellate Tribunal ITAT:Deletes Rs.82Cr addition for BNP Paribas on reversal of provision for diminution in investment value

Oct 16, 2020

In Favour of : Assessee
Citation Number : TS-530-ITAT-2020(Mum)

Weekly Digest #40 03 Oct to 09 Oct 2020 4 Rulings

Income tax Appellate Tribunal ITAT: Singaporean Co.'s income from bandwidth services, not taxable as royalty

Oct 09, 2020

In Favour of : Assessee
Citation Number : TS-517-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Expenditure incurred to acquire membership of stock exchange, a CAPEX eligible for depreciation

Oct 08, 2020

In Favour of : Revenue
Citation Number : TS-514-ITAT-2020(Bang)

Income tax Appellate Tribunal ITAT:Confirms Sec.68 addition on assessee's unsubstantiated 'agricultural income'

Oct 08, 2020

In Favour of : Revenue
Citation Number : TS-515-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT: Acer India not 'assessee-in-default' for TDS non-deduction on software purchase; HC's Samsung ruling inapplicable retrospectively

Oct 09, 2020

In Favour of : Assessee
Citation Number : TS-519-ITAT-2020(Bang)

Weekly Digest #39 26 Sep to 02 Oct 2020 3 Rulings

High Court HC: Sec. 80-IB restriction on multiple-flat allotment to single owner vide FA, 2009, prospective

Oct 01, 2020

In Favour of : Assessee
Citation Number : TS-502-HC-2020(KAR)

Income tax Appellate Tribunal ITAT:Late Fee u/s.234E for belated TDS-return filing to be reckoned from 'delayed' TDS payment date

Oct 01, 2020

In Favour of : Assessee
Citation Number : TS-504-ITAT-2020(Bang)

Income tax Appellate Tribunal ITAT:Short-charge of interest on subsidiary-loans not ground for interest disallowance once genuineness of borrowings established

Oct 01, 2020

In Favour of : Assessee
Citation Number : TS-501-ITAT-2020(DEL)

Weekly Digest #38 19 Sep to 25 Sep 2020 5 Rulings

Income tax Appellate Tribunal ITAT:Vedanta not eligible for balance additional depreciation u/s. 32(1)(iia) in succeeding year pre- 2015 amendment

Sep 23, 2020

In Favour of : Revenue
Citation Number : TS-483-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT: Addition made merely on basis of Whatsapp messages, unsustainable

Sep 25, 2020

In Favour of : Assessee
Citation Number : TS-491-ITAT-2020(VIZ)

Income tax Appellate Tribunal ITAT:Sec. 56(2)(vii)(c) inapplicable in case of proportionate allotment of additional shares

Sep 24, 2020

In Favour of : Assessee
Citation Number : TS-488-ITAT-2020(JPR)

Income tax Appellate Tribunal ITAT: Date of agreement to sell, not sale deed relevant for determining period of holding; Allows LTCG claim

Sep 25, 2020

In Favour of : Assessee
Citation Number : TS-492-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT:Sec. 143(2) notice limitation period commences from original return date, not defective return correction date

Sep 25, 2020

In Favour of : Assessee
Citation Number : TS-493-ITAT-2020(Bang)

Weekly Digest #37 12 Sep to 18 Sep 2020 5 Rulings

High Court HC:Allows Sec. 54F benefit for investment in residential property, subsequent use for non-residential purpose- irrelevant

Sep 18, 2020

In Favour of : Assessee
Citation Number : TS-475-HC-2020(MAD)

Income tax Appellate Tribunal ITAT:Payments to NR co. for 'procuring orders' not FTS; Rejects TDS liability u/s. 195

Sep 18, 2020

In Favour of : Assessee
Citation Number : TS-479-ITAT-2020(Ind)

Income tax Appellate Tribunal ITAT:Deletes penalty levy for non-filing of return considering assessee's medical condition

Sep 18, 2020

In Favour of : Assessee
Citation Number : TS-474-ITAT-2020(PUN)

Income tax Appellate Tribunal ITAT: Allows deduction for expenses for developer's newly 'set-up' business; Follows Delhi HC Dhoomketu Builders ruling

Sep 18, 2020

In Favour of : Assessee
Citation Number : TS-477-ITAT-2020(Bang)

Income tax Appellate Tribunal ITAT: Furnishing of 'completion certificate' for claiming Sec.80IB(10) deduction, not mandatory; Grants relief to developer

Sep 18, 2020

In Favour of : Assessee
Citation Number : TS-478-ITAT-2020(PUN)

Weekly Digest #36 05 Sep to 11 Sep 2020 4 Rulings

High Court HC:Upholds penalty u/s. 271(1)(c) for non-disclosure of capital gains rejecting assessee's reliance on CA's reporting

Sep 11, 2020

In Favour of : Revenue
Citation Number : TS-460-HC-2020(MAD)

High Court HC:Upholds Single Judge ruling setting aside ITSC's order as invalid in Hitachi Powers' case

Sep 11, 2020

In Favour of : Assessee
Citation Number : TS-461-HC-2020(MAD)

High Court HC:Advance received upon entering into development agreement, but returned subsequently - not IFOS

Sep 10, 2020

In Favour of : Assessee
Citation Number : TS-453-HC-2020(MAD)

Income tax Appellate Tribunal ITAT:Interest paid for non-maintenance of SLR/CRR by assessee-bank, compensatory and not penal in nature; Allows deduction

Sep 11, 2020

In Favour of : Assessee
Citation Number : TS-456-ITAT-2020(PUN)

Weekly Digest #35 29 Aug to 04 Sep 2020 6 Rulings

Income tax Appellate Tribunal ITAT: Assessee disclosed details of depreciation claim on 'house property', concealment penalty u/s.271(1)(c) not sustainable

Sep 02, 2020

In Favour of : Assessee
Citation Number : TS-439-ITAT-2020(Mum)

Income tax Appellate Tribunal ITAT:Deletes interest u/s. 234C on advance tax shortfall arising on share-sale concluded after last instalment due-date

Sep 02, 2020

In Favour of : Assessee
Citation Number : TS-441-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Remits Sec.12AA registration matter considering assessee's acceptance to compensate for failure to intimate valid email-ID

Sep 02, 2020

In Favour of : Both, Partially
Citation Number : TS-442-ITAT-2020(Ahd)

Income tax Appellate Tribunal ITAT:Rejects application of Sec. 56(2)(vii)(b)(ii) to property purchased before its insertion, but registered thereafter

Sep 03, 2020

In Favour of : Assessee
Citation Number : TS-443-ITAT-2020(VIZ)

Income tax Appellate Tribunal ITAT:Allows Sec.37 deduction to Honda for expenses debited under head 'CSR expenditure'; Considers nexus with business

Sep 04, 2020

In Favour of : Assessee
Citation Number : TS-445-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT: Sec. 54B deduction entitlement to HUF pre-2012, debatable issue, rectification u/s. 154 impermissible

Sep 04, 2020

In Favour of : Assessee
Citation Number : TS-446-ITAT-2020(CHANDI)

Weekly Digest #34 22 Aug to 28 Aug 2020 5 Rulings

Income tax Appellate Tribunal ITAT: Assessee-employer's belated payments of employees' contribution towards ESI, not deductible u/s. 36(1)(va)

Aug 25, 2020

In Favour of : Revenue
Citation Number : TS-425-ITAT-2020(Ahd)

Income tax Appellate Tribunal ITAT:Allows deduction for royalty payments towards 'unregistered' trademark made to entity owned by director

Aug 26, 2020

In Favour of : Assessee
Citation Number : TS-430-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:No higher TDS as per Sec. 206AA in absence of PAN when DTAA benefit available

Aug 27, 2020

In Favour of : Assessee
Citation Number : TS-431-ITAT-2020(Bang)

High Court HC: Income from letting-out property with amenities in SEZ, taxable as business income; Cites CBDT circular

Aug 28, 2020

In Favour of : Assessee
Citation Number : TS-433-HC-2020(MAD)

Income tax Appellate Tribunal ITAT:Directs examination of alternate claim u/s. 10A; Rejects AO's Regency ruling reliance considering subsequent review by HC

Aug 28, 2020

In Favour of : Assessee
Citation Number : TS-435-ITAT-2020(COCH)

Weekly Digest #33 15 Aug to 21 Aug 2020 6 Rulings

Income tax Appellate Tribunal ITAT:Grants stay of demand pending adjudication by Third Member

Aug 19, 2020

In Favour of : Assessee
Citation Number : TS-407-ITAT-2020(ASR)

Income tax Appellate Tribunal ITAT:Decision not cited during hearing not ground for rectification of ITAT-order; Dismisses Revenue's MP

Aug 20, 2020

In Favour of : Assessee
Citation Number : TS-412-ITAT-2020(JPR)

Income tax Appellate Tribunal ITAT:Quashes reassessment on non-existent entity; AO's jurisdiction based on reasons recorded by different officer invalid

Aug 20, 2020

In Favour of : Assessee
Citation Number : TS-415-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Payment for procuring corporate box tickets of IPL matches,expended 'wholly & exclusively' for business

Aug 21, 2020

In Favour of : Assessee
Citation Number : TS-416-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Second Panchnama prepared one year after authorisation, merely for extending limitation period; Quashes block assessment

Aug 21, 2020

In Favour of : Assessee
Citation Number : TS-417-ITAT-2020(Mum)

High Court HC:Deletes penalty levied in absence of specific charge in standard-printed notice

Aug 21, 2020

In Favour of : Assessee
Citation Number : TS-419-HC-2020(BOM)

Weekly Digest #32 08 Aug to 14 Aug 2020 6 Rulings

Income tax Appellate Tribunal ITAT:Payments towards retirement benefits of 'seconded employees', not unascertained liability; Addition thereof unsustainable

Aug 10, 2020

In Favour of : Assessee
Citation Number : TS-392-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Renovation expenditure on trucks, eligible for higher depreciation relevant for special 'block of assets'

Aug 11, 2020

In Favour of : Assessee
Citation Number : TS-393-ITAT-2020(Ahd)

Supreme Court SC:Mere non-disclosure of receipts doesn't imply 'income escapement';Dismisses Revenue's SLP

Aug 12, 2020

In Favour of : Assessee
Citation Number : TS-395-SC-2020

Income tax Appellate Tribunal ITAT:Delivery-based share-trading, not speculative; allows set-off of loss with income from profession

Aug 14, 2020

In Favour of : Assessee
Citation Number : TS-398-ITAT-2020(HYD)

Income tax Appellate Tribunal ITAT:Second reopening notice issued during subsistence of earlier reassessment proceedings, invalid

Aug 14, 2020

In Favour of : Assessee
Citation Number : TS-399-ITAT-2020(Mum)

Income tax Appellate Tribunal ITAT:Quashes reassessment initiated beyond 4 years; No default by assessee to disclose facts

Aug 14, 2020

In Favour of : Assessee
Citation Number : TS-400-ITAT-2020(JPR)

Weekly Digest #31 01 Aug to 07 Aug 2020 6 Rulings

Income tax Appellate Tribunal ITAT: Quashes order u/s.201(1) as time-barred; Extended time-period u/s. 201(3) vide FA 2014 inapplicable to AY 2009-10

Aug 04, 2020

In Favour of : Assessee
Citation Number : TS-382-ITAT-2020(DEL)

High Court HC: Unexplained cash expenditure of land broker, neither allowable expenditure u/s.37 nor business loss u/s. 28

Aug 06, 2020

In Favour of : Revenue
Citation Number : TS-385-HC-2020(GUJ)

High Court HC: HC:Pending finalisation of scrutiny assessment, not justifiable reason to withhold refund u/s.241A

Aug 07, 2020

In Favour of : Assessee
Citation Number : TS-386-HC-2020(DEL)

Income tax Appellate Tribunal ITAT:Allows Sec.54 benefit for investment made in wife's name

Aug 07, 2020

In Favour of : Assessee
Citation Number : TS-387-ITAT-2020(JPR)

Income tax Appellate Tribunal ITAT:Software installation expenditure on abandoned project, revenue in nature

Aug 07, 2020

In Favour of : Assessee
Citation Number : TS-388-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT:AO can't change assessee's share-valuation method under Rule 11UA; Follows HC decision in Vodafone M-Pesa

Aug 07, 2020

In Favour of : Assessee
Citation Number : TS-389-ITAT-2020(Mum)

Weekly Digest #30 25 Jul to 31 Jul 2020 6 Rulings

Income tax Appellate Tribunal ITAT: ITAT: CIT(A) not precluded from entertaining additional claims, not made in ROI; Remits matter for re-adjudication

Jul 27, 2020

In Favour of : Assessee
Citation Number : TS-359-ITAT-2020(Mum)

Income tax Appellate Tribunal ITAT: Land sale by assessee engaged in property liasoning, assessable as business income; Rejects Sec.50C applicability

Jul 28, 2020

In Favour of : Assessee
Citation Number : TS-364-ITAT-2020(RAN)

Income tax Appellate Tribunal ITAT:Gross revenue, not net income, relevant for calculating Trust's set apart amount u/s. 11(1)

Jul 28, 2020

In Favour of : Assessee
Citation Number : TS-367-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT:Reverses LTCG offered on subsequently cancelled property-sale; Upholds assessee's right to claim reversal

Jul 29, 2020

In Favour of : Assessee
Citation Number : TS-368-ITAT-2020(Mum)

High Court HC:Sec. 40(a)(ia) amendment extending payment upto ROI due-date, curative and 'retrospective'

Jul 29, 2020

In Favour of : Assessee
Citation Number : TS-372-HC-2020(KAR)

Income tax Appellate Tribunal ITAT: ITAT:No TDS u/s. 194C on Newspaper co.'s payment for purchase of saleable advertising space in TOI publication

Jul 31, 2020

In Favour of : Assessee
Citation Number : TS-376-ITAT-2020(Bang)

Weekly Digest #29 17 Jul to 24 Jul 2020 4 Rulings

Income tax Appellate Tribunal ITAT:No further profit-attributable to PE if Arm's-length principles followed; Deletes 40(a)(i)-addition

Jul 22, 2020

In Favour of : Both, Partially
Citation Number : TS-348-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Textile Industry Confederation entitled to exemption u/s. 11, Sec.2(15) proviso inapplicable

Jul 22, 2020

In Favour of : Assessee
Citation Number : TS-349-ITAT-2020(Mum)

Income tax Appellate Tribunal ITAT:Allows Taxman Publications depreciation claim on software developed to maintain national IT website

Jul 24, 2020

In Favour of : Assessee
Citation Number : TS-356-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT: Costs reimbursed for provision of coordination services at group level, not FTS/ Royalty

Jul 24, 2020

In Favour of : Assessee
Citation Number : TS-357-ITAT-2020(Mum)

Weekly Digest #28 11 Jul to 16 Jul 2020 4 Rulings

Income tax Appellate Tribunal ITAT:Interest income eligible for Sec.80P deduction; Distinguishes Totagars ruling

Jul 14, 2020

In Favour of : Assessee
Citation Number : TS-334-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Quashes reopening proceedings absent AO's finding on income accrual from alleged overseas Trust

Jul 14, 2020

In Favour of : Assessee
Citation Number : TS-335-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT:No notional rent addition u/s. 23 on property incapable of letting-out owing to legal restraint

Jul 16, 2020

In Favour of : Assessee
Citation Number : TS-338-ITAT-2020(Mum)

Income tax Appellate Tribunal ITAT:Holds conveyance-right as capital-asset; Surrender thereof, 'relinquishment' of property

Jul 16, 2020

In Favour of : Assessee
Citation Number : TS-339-ITAT-2020(Bang)

Weekly Digest #27 04 Jul to 10 Jul 2020 6 Rulings

High Court HC: Holds interest u/s. 234B,234C not leviable w.r.t MAT liability in pre-Rolta period

Jul 08, 2020

In Favour of : Assessee
Citation Number : TS-321-HC-2020(BOM)

Income tax Appellate Tribunal ITAT:Trust eligible to claim set-off of previous years brought forward losses against present year income

Jul 10, 2020

In Favour of : Assessee
Citation Number : TS-325-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT: Allows deduction for 'education cess', follows Bombay HC Sesa Goa ruling

Jul 10, 2020

In Favour of : Assessee
Citation Number : TS-326-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT:Higher depreciation eligible only on cars used in hiring business; No benefit for car used in Advt.

Jul 10, 2020

In Favour of : Both, Partially
Citation Number : TS-327-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT: Construction completion cannot be construed as 'project completion', denies Sec.80IB deduction to property developer

Jul 10, 2020

In Favour of : Revenue
Citation Number : TS-329-ITAT-2020(Mum)

High Court HC: Quashes reassessment initiated on alleged 'bogus LTCG'; No failure by assessee to fully disclose facts

Jul 10, 2020

In Favour of : Assessee
Citation Number : TS-330-HC-2020(BOM)

Weekly Digest #26 27 Jun to 03 Jul 2020 5 Rulings

Income tax Appellate Tribunal ITAT:Letter disputing stamp duty valuation of property doesn't invalidate DVO reference u/s. 50C(2)(b)

Jun 30, 2020

In Favour of : Assessee
Citation Number : TS-308-ITAT-2020(Bang)

Income tax Appellate Tribunal ITAT:Deletes addition u/s. 68 sans requisite approval for conversion of 'limited scrutiny' to 'complete scrutiny'

Jul 03, 2020

In Favour of : Assessee
Citation Number : TS-314-ITAT-2020(GAU)

Supreme Court SC: Dismisses Revenue's SLP against Real-estate developer's LTCG claim on land-sale

Jul 03, 2020

In Favour of : Assessee
Citation Number : TS-315-SC-2020

Income tax Appellate Tribunal ITAT:Extension for special audit granted by CIT, invalid; Holds assessment as 'void ab initio'

Jul 03, 2020

In Favour of : Assessee
Citation Number : TS-316-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Rejects Sec.50C invocation w.r.t sale of property engulfed in litigation

Jul 03, 2020

In Favour of : Assessee
Citation Number : TS-317-ITAT-2020(HYD)

Weekly Digest #25 20 Jun to 26 Jun 2020 7 Rulings

Income tax Appellate Tribunal ITAT:Sale of windmills, 'separate' undertaking for Slump-Sale purposes u/s.50B

Jun 24, 2020

In Favour of : Assessee
Citation Number : TS-297-ITAT-2020(VIZ)

Income tax Appellate Tribunal ITAT:Holds assessee set-up its business during the year, considers substantial activities, investment

Jun 24, 2020

In Favour of : Assessee
Citation Number : TS-298-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Allows deduction u/s.57 against interest income; Passive nature of income not sole-criteria for disallowance

Jun 25, 2020

In Favour of : Assessee
Citation Number : TS-300-ITAT-2020(JPR)

Income tax Appellate Tribunal ITAT:Question of audit doesn't arise where books of accounts not maintained; Deletes penalty u/s.271B

Jun 26, 2020

In Favour of : Assessee
Citation Number : TS-302-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Late fee u/s.234E, mandatory & consequential; 'Reasonable cause', no ground for deleting levy

Jun 26, 2020

In Favour of : Revenue
Citation Number : TS-303-ITAT-2020(JPR)

Income tax Appellate Tribunal ITAT:Deduction u/s. 36(1)(viii) available only on short term housing-loan, denies deduction on commercial mortgages/loans

Jun 26, 2020

In Favour of : Both, Partially
Citation Number : TS-304-ITAT-2020(CHNY)

Income tax Appellate Tribunal ITAT:Quashes reassessment proceedings for furnishing incomplete reasons for reopening to assessee

Jun 26, 2020

In Favour of : Assessee
Citation Number : TS-305-ITAT-2020(DEL)

Weekly Digest #24 13 Jun to 19 Jun 2020 6 Rulings

Income tax Appellate Tribunal ITAT:No TDS liability u/s. 194A on Provision for Interest” where interest payable to individuals doesn't exceed Rs.2500

Jun 17, 2020

In Favour of : Assessee
Citation Number : TS-283-ITAT-2020(DEL)

Income tax Appellate Tribunal ITAT:Confirms penalty u/s. 271A for non-maintenace of books u/s.44AA though not mandated for specified books under Rule 6F

Jun 18, 2020

In Favour of : Revenue
Citation Number : TS-286-ITAT-2020(CTK)

Income tax Appellate Tribunal ITAT:Allows deduction u/s. 80IE claimed vide belated return

Jun 19, 2020

In Favour of : Assessee
Citation Number : TS-289-ITAT-2020(GAU)

High Court HC:Allows bad-debts write-off towards advance to liquidated sister-concern, investment therein as capital loss

Jun 19, 2020

In Favour of : Assessee
Citation Number : TS-290-HC-2020(KAR)

High Court HC:Cash seized u/s. 132 adjustable against advance tax dues; Explanation 2 to Sec. 132B prospective

Jun 19, 2020

In Favour of : Assessee
Citation Number : TS-291-HC-2020(KAR)

Income tax Appellate Tribunal ITAT:Remits PwC's FTC claim, Sec. 14A issue to the file of AO

Jun 19, 2020

In Favour of : Assessee
Citation Number : TS-292-ITAT-2020(Kol)

Weekly Digest #23 06 Jun to 12 Jun 2020 4 Rulings

Income tax Appellate Tribunal ITAT: Genuineness of donation irrelevant for determination of 'anonymous' donations

Jun 08, 2020

In Favour of : Assessee
Citation Number : TS-266-ITAT-2020(DDN)

Income tax Appellate Tribunal ITAT: ITAT: Holds assessment on non-existent entity post amalgamation unsustainable, non-curable u/s. 292B

Jun 10, 2020

In Favour of : Assessee
Citation Number : TS-268-ITAT-2020(Ahd)

Income tax Appellate Tribunal ITAT:Adopts income shown in Form-26AS over TDS Certificate in Form-16A issued by payer

Jun 11, 2020

In Favour of : Assessee
Citation Number : TS-272-ITAT-2020(Kol)

Income tax Appellate Tribunal ITAT:Rejects profits attribution to alleged DAPE considering arm's length remuneration to agent

Jun 12, 2020

In Favour of : Assessee
Citation Number : TS-275-ITAT-2020(Mum)