2021-TIOL-1614-ITAT-DEL
MG Metalloy Pvt Ltd Vs DCIT
Whether share capital and unsecured loan received by assessee as per amalgamation approved by HC cannot be added as unexplained income u/s 68 – YES: ITAT.
- Assessee's appeal allowed: DELHI ITAT
2021-TIOL-1613-ITAT-AHM
Gopala Mercantile Pvt Ltd Vs ITO
Whether administrative expenses can be disallowed u/s 14A r.w.r. 8D in excess of the total administrative expenditure incurred by the assessee - NO: ITAT
- Assessee's appeal partly allowed: AHMEDABAD ITAT
2021-TIOL-1612-ITAT-KOL
Friends Medical Distributor (Firm) Vs ITO
Whether shortfall in capital contribution can be treated as unexplained cash credit u/s 68 of the I-T Act - NO: ITAT
- Assessee's appeal allowed: KOLKATA ITAT
