2023-TIOL-66-ITAT-MUM
Vighnaharata Trust Vs CIT
Whether when issue is 'considered and decided' by appellate authority, then same cannot be revised u/s 263 - YES: ITAT
Whether mere 'pendency of appeal' before appellate authority does not oust jurisdiction of CIT u/s 263 - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT
2023-TIOL-65-ITAT-MUM
Tata Industries Ltd Vs DCIT
Whether brought forward business losses can be set off against foreign dividend income - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT
2023-TIOL-64-ITAT-KOL
Swaran Financial Pvt Ltd Vs Pr.CIT
Whether merely cancelling assessment order on basis of observations that AO has carried out inadequate enquiry is not permissible u/s 263 - YES: ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2023-TIOL-63-ITAT-DEL
ACIT Vs Atlas Cycles (Haryana) Ltd
Whether reasonable amount of sales promotion expenses spent on distribution of gifts to dealers to promote goodwill and enhance business interests, cannot be disallowed on ad-hoc basis - YES: ITAT
- Revenue's appeal dismissed: DELHI ITAT
