A recent decision of the renamed Administrative Review Tribunal deals with the calculation and application of excess ...

The dispute arose over amendments in BCCI’s memorandum of association in June 2006 and August 2007, which the tax authority claimed resulted in the loss of its tax exemption ...

The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...

Consequently, the Tribunal deemed the appeal infructuous and dismissed it. However, ITAT granted the revenue the liberty to seek a reopening of the matter if it could later demonstrate that the case ...