Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order
Appeal Against OrderIncome Tax
The Income Tax Appellate Tribunal (ITAT) set aside an order by the Commissioner of Income Tax (Appeals) [CIT(A)] that added income under Section 68 of the Income Tax Act due to incorrect tax neutrality. The ITAT found that the addition was unjustified, as the credits were not taxable.
