Judgements, orders and updates from Income Tax Tribunal.
242 updates
The “A” Bench of the Income Tax Appellate Tribunal, Mumbai, has allowed the appeal filed by Mrs. Suneeta Sekhri legal heir of late Mr. Anmol Govindram Sekhri and set aside the…
Background The Delhi Bench “I” of the Income Tax Appellate Tribunal has quashed the final assessment orders passed against ExxonMobil Gas India Private Limited for Assessment…
NRI Status and Overseas Income at the Core of Dispute The Ahmedabad “D” Bench of the Income Tax Appellate Tribunal has allowed the appeal filed by an NRI assessee, Vashdev…
Land Beyond Municipal Limits Held Outside Capital Asset Definition The Ahmedabad “D” Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by the Revenue in…
Confusion in Post-2021 Regime Cannot Prejudice Long-Registered Trusts The Ahmedabad “C” Bench of the Income Tax Appellate Tribunal has allowed two appeals filed by Shree Kukarwada…
Background The Ahmedabad “A” Bench of the Income Tax Appellate Tribunal has ruled in favour of Furnish Home, a partnership firm engaged in the trading of furniture and…
Background The Mumbai Bench of the Income Tax Appellate Tribunal has granted substantial relief to Bank of India by deleting a major disallowance made under Section 14A of the…
Background The Mumbai Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by Vijay Raaz, thereby upholding the revisionary order passed by the Principal…
Background The Mumbai “H” Bench of the Income Tax Appellate Tribunal has passed a consolidated order in a batch of appeals involving Hindustan Unilever Ltd., dealing with…
The Mumbai “F” Bench of the Income Tax Appellate Tribunal has allowed the appeal filed by JAP Overseas Private Limited for Assessment Year 2010–11, deleting an addition of ₹53.88…
The Mumbai “D” Bench of the Income Tax Appellate Tribunal has dismissed a batch of appeals filed by Ritebane Agritech Solution and R.B. Global Agri Trading Pvt. Ltd., upholding…
The Mumbai “G” Bench of the Income Tax Appellate Tribunal has dismissed the Revenue’s appeal in the case of Geopreneur Realty Private Limited for Assessment Year 2018–19,…
The Delhi Bench of the Income Tax Appellate Tribunal has quashed the final assessment orders passed against Cosmo Films Ltd. for Assessment Years 2009–10 to 2012–13, holding them…
The Delhi “H” Bench of the Income Tax Appellate Tribunal has quashed the final assessment order passed against Ahresty India Private Limited for Assessment Year 2014–15, holding…
Background of the Case The appeals were filed against orders passed by the National Faceless Appeal Centre under Sections 144 and 271 1 c of the Income-tax Act, 1961. The original…
NCLT admits scheme involving brand demerger and CCPS capital reduction The Ahmedabad Bench of the National Company Law Tribunal has admitted a joint company application filed by…
Background The Division Bench of the National Company Law Tribunal, Ahmedabad Court–I , has ordered the liquidation of Torque Automotive Private Limited under Section 33 of the…
Background The Mumbai “F” Bench of the Income Tax Appellate Tribunal has condoned an 18-month delay in filing Form 10AB by Faiz-e-Garib Nawaz Trust and set aside the orders of the…
Background The Delhi Bench ‘H’ of the Income Tax Appellate Tribunal has allowed a batch of appeals filed by Baxter India Pvt. Ltd. for AYs 2013–14, 2017–18, 2018–19 and 2020–21,…
The Delhi Bench ‘F’ of the Income Tax Appellate Tribunal has allowed the appeal filed by PHI Seeds Pvt. Ltd. now known as Corteva Agriscience Seeds Private Limited for Assessment…
The Delhi ‘H’ Bench of the Income Tax Appellate Tribunal has quashed the final assessment order passed against Oracle India Private Limited for Assessment Year 2007–08, holding…
The Mumbai Bench of the National Company Law Tribunal Court III has dismissed a petition filed by Bank of Maharashtra seeking initiation of insolvency resolution proceedings…
The Delhi Bench ‘A’ of the Income Tax Appellate Tribunal has remanded the applications filed by Naresh Aggarwal Foundation seeking registration under Section 12AB and approval…
The Mumbai ‘A’ Bench of the Income Tax Appellate Tribunal has allowed the appeal filed by Apar Lubricant Ltd. now merged with Apar Industries Ltd. , holding that expenditure…
The Mumbai Bench “D” of the Income Tax Appellate Tribunal has set aside the order of the Commissioner of Income Tax Appeals and remanded the matter concerning disallowance of…
The Delhi Bench of the Income Tax Appellate Tribunal has remanded the case involving Hero Ecotech Limited Assessment Year 2017–18 to the Commissioner of Income Tax Appeals for…
Background The Mumbai “D” Bench of the Income Tax Appellate Tribunal has partly allowed the appeal filed by D.G. Exports for Assessment Year 2011–12, holding that where…
The Delhi Bench of the Income Tax Appellate Tribunal has set aside the orders passed by the National Faceless Appeal Centre NFAC in the case of Forum Sales Pvt. Ltd. for…
The Mumbai “A” Bench of the Income Tax Appellate Tribunal has remanded for limited verification the issue of addition of ₹1.25 crore made under Section 69A of the Income-tax Act…
The Mumbai Bench “F” of the Income Tax Appellate Tribunal has set aside the revisionary order passed under Section 263 of the Income-tax Act, 1961, against J.B. Petit High School…
The Delhi Bench of the Income Tax Appellate Tribunal has condoned a 161-day delay and remanded the case of Surinder Kumar Malhotra Assessment Year 2018–19 to the Assessing Officer…
The Delhi Bench of the Income Tax Appellate Tribunal has partly allowed the appeal filed by Niripraj Singh Sohal for the Assessment Year 2015–16, reducing the penalty imposed…
The Hyderabad “SMC” Bench of the Income Tax Appellate Tribunal has allowed the appeal filed by G K Properties Private Limited, deleting an addition of ₹20 lakh made as unexplained…
The Mumbai Bench of the Income Tax Appellate Tribunal has dismissed three appeals filed by the Revenue against F A Construction for the assessment years 2014–15 to 2016–17,…
The Delhi Bench of the Income Tax Appellate Tribunal has quashed the final assessment orders passed against AECOM India Pvt. Ltd. for Assessment Years 2010–11 and 2011–12, holding…
Background The Mumbai ‘F’ Bench of the Income Tax Appellate Tribunal has ruled that compensation received by a flat owner from a developer in connection with redevelopment,…
Background The Delhi Bench ‘A’ of the Income Tax Appellate Tribunal has allowed the appeal filed by Adani Tracks Management Service Limited formerly known as Adani Tracks…
Background The Mumbai ‘G’ Bench of the Income Tax Appellate Tribunal has partly allowed the Revenue’s appeal in the case of DCIT v. Sahyadri Agencies Limited for Assessment Year…
Background The Delhi ‘I’ Bench of the Income Tax Appellate Tribunal has quashed the final assessment orders passed against Li & Fung India Pvt. Ltd. for Assessment Years 2018–19…
Background The Delhi ‘F’ Bench of the Income Tax Appellate Tribunal has partly allowed two appeals filed by the Revenue against M/s Pearls Buildwell Infrastructure Ltd for…
Background The Delhi ‘F’ Bench of the Income Tax Appellate Tribunal has allowed the appeal filed by Rivet Health Club Pvt. Ltd. for Assessment Year 2015–16, setting aside multiple…
Background The Delhi Bench ‘F’ of the Income Tax Appellate Tribunal has set aside and remanded the additions made under Section 68 of the Income Tax Act, 1961, holding that the…
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