The Madhya Pradesh High Court held that where a party obtains a certified copy of an arbitral award, limitation for an application under Section 34 of the Arbitration and…
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27/10/20266 min read1
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ITAT Deletes Rs.12.14 Lakh Addition, Citing CBDT Instruction on Jewellery
Update / Judgement Date
06 Feb 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
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Income TaxCorporate Compliance
The ITAT deleted an addition citing CBDT instructions on jewellery. The ITAT found that the addition was not supported by legal grounds and violated CBDT guidelines. The decision provides relief to taxpayers and reinforces the importance of adhering to CBDT instructions. The ruling highlights the need for proper legal basis in tax assessments. This case underscores the importance of following established guidelines in tax adjudication.
