NCLT Mumbai held that resolution plan for Corporate Debtor as submitted by M/s. West End Investment and Finance Consultancy P ...

ITAT held that funds from earlier years and IDS disclosures cannot justify cash deposits made in a later year without proper ...

The ITAT Kolkata upheld the deletion of a ₹2.5 crore addition under Section 68, ruling that the assessee provided full documentary proof of the loan's identity, creditworthiness, and genuineness. The ...

ITAT Mumbai allowed deduction of interest expenditure, emphasizing that as long as there is a nexus between the borrowing and ...

The Uttarakhand High Court set aside a GST assessment order, ruling that the revenue authority's scheduling of a personal ...

ITAT Ahmedabad Deletes Deemed Rent on 5 Flats – Accepts Genuine Vacancy Claim but Upholds Addition on Office Property ...

The tax addition on ₹17.63 lakh demonetization cash deposits was challenged as being sourced from earlier withdrawals and savings. The ITAT deleted the addition, emphasizing that prior, undisputed ...

ITAT condoned a significant seven-year delay in filing an appeal, recognizing assessee's status as an NRI and his lack of awareness of assessment order as a bona fide cause. This ruling affirms the ...

ITAT Mumbai held that when sales and stock figures are accepted, entire purchases cannot be treated as bogus. Only the profit element at 3% is taxable, following consistent judicial ...

ITAT Ahmedabad deleted an addition made due to a minor difference between a firm's VAT returns and its books of account. Tribunal ruled that variation was a legitimate bookkeeping consequence of ...

The ITAT Ahmedabad reversed the CIT(A)'s deletion, upholding the addition of ₹6.73 lakh under Section 69A for bogus Long-Term Capital Gain from Safal Herbs Ltd. shares. The Tribunal ruled that the ...

NCLT Kochi orders liquidation of the Corporate Debtor [M/s. Malayalam Vehicles India Pvt. Ltd.] as duly approved by CoC and Resolution Professional of Corporate Debtor appointed as Liquidator to carry ...