ITAT Delhi Deletes Protective Additions in Accommodation Entry Case; Revenue’s Appeals Dismissed The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed all appeals filed by the Income Tax Department against BRR Securities Pvt. Ltd. for Assessment Years 2014-15 to 2017-18. The tribunal also dismissed the cross-objections filed by the company after they…
A Single Consolidated Satisfaction Note Cannot Cover More Than One Assessment Year: ITAT The ITAT Delhi has quashed the revision order passed by the tax authorities under Section 263 of the Income Tax Act, holding that the original assessment proceedings initiated under Section 153C were invalid because they were based on a single consolidated satisfaction…
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