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254 orders · Page 4 of 6
The tribunal granted permission to the assessee to withdraw the appeal. The appeal was dismissed as withdrawn.
The Tribunal dismissed the appeal regarding the first bank account, upholding the addition as the assessee failed to provide evidence for his transportation business. For the second bank account, the matter was remanded to the AO for fresh examination. The addition for interest income was restricted to the correct amount.
The Tribunal held that investments classified under 'Inventory' should be considered for disallowance under Section 14A. However, the average value of investments should only include those yielding exempt income. The matter was remitted to the AO for re-computation.
The tribunal granted the assessee's request to withdraw the appeal. Consequently, the appeal was dismissed as withdrawn.
The Tribunal granted permission to the assessee to withdraw the appeal. The appeal was dismissed as withdrawn.
The tribunal granted permission to the assessee to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The Tribunal granted the assessee's request to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The Tribunal held that the appeals had become academic in nature as the underlying assessments were settled under the Vivad Se Vishwas Scheme. Therefore, no adjudication was required.
The Tribunal held that the appeals had become academic in nature as the underlying assessments were settled under the Vivad Se Vishwas Scheme. Therefore, no adjudication was required.
The Tribunal held that the Assessing Officer (AO) ought not to have levied interest as there was no order from the High Court reversing the Tribunal's earlier finding in favour of the assessee. Therefore, the CIT(A)'s deletion of interest was justified.
The Tribunal held that the appeals had become academic in nature as the underlying assessments were settled under the Vivad Se Vishwas Scheme. Therefore, no adjudication was required.
The Tribunal held that the assessee had a reasonable cause for not furnishing the details due to the COVID-19 pandemic and lockdown. The impugned orders were set aside.
The tribunal granted the assessee's request to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeal. The appeal was dismissed as withdrawn.
The tribunal granted permission to the assessee to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The Tribunal granted permission to the assessee to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The tribunal granted permission to the assessee to withdraw the appeal. The appeal was dismissed as withdrawn.
The Tribunal granted permission to both parties to withdraw their cross-appeals. The appeals were dismissed as withdrawn.
The Income Tax Appellate Tribunal permitted the assessee to withdraw the appeal. The appeal was consequently dismissed as withdrawn.
The Tribunal permitted the assessee to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The Tribunal granted permission to withdraw the appeals as the issues were settled under the Vivad Se Vishwas Scheme, 2020. Consequently, the appeals were dismissed as withdrawn.
The Tribunal held that interest income from fixed deposits, even if used for working capital management, is not 'profits of the business of the undertaking' and thus not eligible for deduction under Sections 10A/10AA. However, it allowed higher depreciation on computers and peripherals.
The tribunal granted permission to the assessee to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The Tribunal permitted the assessee to withdraw the appeal as they had opted for the Vivad Se Vishwas scheme. The appeal was dismissed as withdrawn.
The tribunal noted that all assessees intended to withdraw their appeals due to having filed applications under the Vivad Se Vishwas Scheme. The Revenue had no objection to the withdrawal.
The Tribunal granted the assessee's request to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The tribunal noted that all assessees intended to withdraw their appeals due to having filed applications under the Vivad Se Vishwas Scheme. The Revenue had no objection to the withdrawal.
The tribunal granted permission to the assessee to withdraw the appeal. The appeal was dismissed as withdrawn.
The tribunal granted permission to the assessee to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeal. The appeal was dismissed as withdrawn.
The Tribunal held that Section 14A of the Income Tax Act cannot be invoked in the absence of any exempt income. Therefore, the addition made by the Assessing Officer was directed to be deleted.
The Tribunal held that Transfer Pricing (TP) adjustments must be restricted only to international transactions with Associated Enterprises (AEs), not on an entity level. This decision was based on various High Court and Tribunal pronouncements.
The Tribunal held that Transfer Pricing (TP) adjustments must be restricted only to international transactions with Associated Enterprises (AEs), not on an entity level. This decision was based on various High Court and Tribunal pronouncements.
The Tribunal held that Transfer Pricing (TP) adjustments must be restricted only to international transactions with Associated Enterprises (AEs), not on an entity level. This decision was based on various High Court and Tribunal pronouncements.
The Tribunal held that prior period commission income should be included in the operating revenue for transfer pricing adjustment. It also directed that the transfer pricing adjustment should be restricted to international transactions, not entity-level transactions. The deduction for education cess was allowed.
The tribunal granted permission to the assessee to withdraw the appeals. The appeals were accordingly dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeals. The appeals were dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeals. The appeals were accordingly dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeals. The appeals were accordingly dismissed as withdrawn.
The Tribunal granted the assessee's request to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeals. The appeals were dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeals. The appeals were dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeal. The appeal was dismissed as withdrawn.
The Tribunal granted the assessee's request to withdraw the appeal. The appeal was dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The Tribunal granted the assessee's request to withdraw the appeal. The appeal was accordingly dismissed as withdrawn.
The tribunal granted permission to the appellant to withdraw the appeal. The appeal was dismissed as withdrawn.
The Tribunal granted the assessee's request to withdraw the appeals. The appeals were dismissed as withdrawn.
The tribunal granted the assessee's request to withdraw the appeals. The appeals were dismissed as withdrawn.