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107 orders · Page 3 of 3
The Delhi High Court allowed the appellant's request to withdraw the appeals. The court noted that the appellant had opted to settle the tax arrears for the assessment years under consideration under the Direct Tax Vivad Se Vishwas Scheme, 2020. Consequently, the appeals were dismissed as withdrawn. The applications filed for withdrawal were also disposed of. The court did not delve into the merits of the original appeals or the ITAT's order. The ratio decidendi is that an assessee who opts for settlement under the Vivad Se Vishwas Scheme can withdraw pending appeals, thereby bringing finality to the tax disputes.
The High Court held that while share price spikes might create suspicion, decisions must be based on evidence. The ITAT, as the final fact-finding authority, rightly deleted the additions as the lower tax authorities failed to provide cogent material to sustain them.
The High Court held that while share price spikes might create suspicion, decisions must be based on evidence. The ITAT, as the final fact-finding authority, rightly deleted the additions as the lower tax authorities failed to provide cogent material to sustain them.
The High Court partly allowed the assessee's appeal, directing the ITAT to decide corporate tax grounds. For other issues, the High Court found the ITAT's directions appropriate or declined to entertain the appeal.
The High Court partly allowed the assessee's appeal, directing the ITAT to decide corporate tax grounds. For other issues, the High Court found the ITAT's directions appropriate or declined to entertain the appeal.
The High Court partly allowed the assessee's appeal, directing the ITAT to decide corporate tax grounds. For other issues, the High Court found the ITAT's directions appropriate or declined to entertain the appeal.
The High Court partly allowed the assessee's appeal, directing the ITAT to decide corporate tax grounds. For other issues, the High Court found the ITAT's directions appropriate or declined to entertain the appeal.