Daily Archives: August 22, 2026

ITAT Rules in Favor of Assessee on Transfer Pricing, Subsidies, and Section 32AC While Upholding Revenue’s Section 43B Disallowance

By | August 22, 2026
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ITAT Rules in Favor of Assessee on Transfer Pricing, Subsidies, and Section 32AC While Upholding Revenue’s Section 43B Disallowance ITAT Rules in Favor of Assessee on Transfer Pricing, Subsidies, and Section 32AC While Upholding Revenue’s Section 43B Disallowance Issue Whether internal CUP based on State distribution tariffs, capital subsidies exemption, Section 32AC deduction on CWIP,… Read More »

Addition made under Section 69A for cash deposits during demonetization, treatment of agricultural land sale as capital gain, and estimation of business income under Section 44AD held bad in law and deleted in favor of the assessee.

By | August 22, 2026
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Addition made under Section 69A for cash deposits during demonetization, treatment of agricultural land sale as capital gain, and estimation of business income under Section 44AD held bad in law and deleted in favor of the assessee. Issue Whether cash deposits during demonetization can be treated as unexplained money under Section 69A when the assessee… Read More »